2 months on rocket

1701 Woodlawn Ave, Indianapolis, IN, 46203

$400,000

Home List Price

$4,750*

Closing Credit

0 Baths
Multi

Location

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1701 Woodlawn Ave, Indianapolis$400,000

Buyer Closing Credits

$4,750*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
Year Built1955
BasementYes
MLS #22001556
Lot Size0.12 Acres
StatusActive

About 1701 Woodlawn Ave

Welcome to this meticulously maintained duplex in the dynamic neighborhood of Fountain Square, just a stone's throw from Downtown Indianapolis. Presenting a remarkable opportunity for both savvy investors and those looking to dip their toes into the real estate market while offsetting living expenses. This property has been successfully utilized as both a short-term and mid-term rental, demonstrating a robust history of consistent revenue generation. With its dual-unit configuration, investors can continue to leverage its income-producing potential across different rental markets, enhancing both flexibility and financial returns. It's an deal live-in investment for those considering an owner-occupant approach, this duplex offers an optimal solution. Reside in one unit and rent out the other to help cover mortgage costs, effectively reducing living expenses while building equity in a thriving market. Key Features Include: Contemporary kitchens in each unit, complete with all the modern conveniences needed for a turnkey operation. Generously sized living spaces designed to ensure comfort and appeal in the rental market. Strategic separation between units to ensure privacy and tenant satisfaction. This property is located perfectly for growth and convenience situated minutes from downtown, tenants or homeowners can enjoy easy access to Indianapolis's top attractions, culinary hotspots, and retail options. Fountain Square itself is renowned for its vibrant arts scene and community-centric events, boosting the locale's desirability and rental appeal. Don't miss out on this dual-purpose property, ideal for those aiming to invest in a lively area with proven demand and growth potential. A perfect starter investment or a smart addition to your portfolio, ready to generate income from day one.

Property Details

Property Features

Property Information:

  • Year Built: 1955

Listing Office:

  • Office Name: Dix Realty Group
  • Office Email: alex@alexhycherealtor.com
  • Listing Agent: Alexandria Hyche

Interior Features

Interior Information:

  • Basement: Yes

Lot Features

Lot Information:

  • Lot Size: 0.12 Acres

Other

Directions Information:

  • Directions: GPS Friendly

Price Information

Listing Price Info

Price Summary:

  • List Price: $400,000

Tax Information:

  • Annual Amount: $993
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Indianapolis, IN.

Med. Sold Price

$245.5K

Med. Price/SqFt

$139

Avg. Days On Market

31

# of Sold Homes

946

1701 Woodlawn Ave vs Indianapolis

67 DAYS ON ROCKET

+36 Days

$400,000

+$154.4K More

KEY TAKEAWAY

This property is $154.4K more than the Median Sold Price in Indianapolis, IN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MIBOR
  • MLS Number: #22001556

Listing Office:

  • Office Name: Dix Realty Group
  • Office Email: alex@alexhycherealtor.com
  • Listing Agent: Alexandria Hyche

IDX Listings courtesy of Metropolitan Indianapolis Board of REALTORS® MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Copyright ©2024 MIBOR REALTOR® Association. All rights reserved. Information is provided exclusively for consumers’ personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Based on information submitted to the Broker Listing Cooperative listing service. All information provided is deemed reliable but is not guaranteed and should be independently verified. All data is obtained from various sources and may not have been verified by broker or Broker Listing Cooperative listing service. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/20/2024, 10:46:47 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Dec 03, 2019Home Sold
$123,500

Tax History

YEARPROP. TAXASSESSMENT
2020$993$99,900
2019$993$93,100
2018$851$84,300
2017$778$79,800

History based on county public records data.

Payment Calculator

$2,064

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,266

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-199548
6
/10
  • William McKinley Elementary School 39

  • 1733 Spann Ave

  • 0.32 miles

  • Public District Grades PK-6

school-card-donut-199549
3
/10
  • Piloted Schools Bethel Park

  • 2710 Bethel Ave

  • 0.98 miles

  • Public Charter Grades KG-4

school-card-donut-199550
3
/10
  • Eleanor Skillen Elementary School 34

  • 1410 Wade St

  • 1.30 miles

  • Public District Grades PK-6

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $31,444. Residents of Indianapolis, IN typically earn less than $35k each year. The most common type of family is single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas


Rocket HomesIndianaMarion CountyIndianapolis462031701 Woodlawn Ave

This home is located at 1701 Woodlawn Ave in Indianapolis, IN and zip code 46203 in the Fountain Square neighborhood. This home, which was built in 1955, sits on a 0.12 acre lot. It has been listed on Rocket Homes since September 14, 2024 and is currently priced at $400,000.

Indianapolis, IN housing market in October 2024 saw over 170 listings sold above listed price, more than 256 sold at listed price and over 519 sold below. In October 2024 in Indianapolis, IN there were 3.7% more homes for sale than in September 2024. Listings spent 31 days on the market in October 2024, and had a median list price of $245,515 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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