2 months on rocket

Sale Pending

518 Prospect St, Indianapolis, IN, 46203

$535,000

Home List Price

$6,353*

Closing Credit

0 Baths
Multi

Location

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518 Prospect St, Indianapolis$535,000

Buyer Closing Credits

$6,353*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
Year Built1921
CoolingCentral Air
BasementYes
MLS #22006424
Lot Size0.07 Acres
StatusSale Pending
(Pending)

About 518 Prospect St

This fully renovated luxury duplex is a rare gem, perfectly situated between the vibrant neighborhoods of Bates-Hendricks, Fletcher Place, and Fountain Square. Ideal for a house hacker, long-term investor, or Airbnb host, this property offers exceptional versatility and value. Each spacious unit boasts 3 large bedrooms, 2 bathrooms, and an open-concept living area that flows seamlessly into a sleek, kitchen, designed for both comfort and entertaining. Every inch of this duplex has been meticulously updated with brand-new finishes and stylish touches. Located in one of the most sought-after areas of town, it offers convenience-walk or bike to Eli Lilly, explore nearby downtown hotspots, or hop on the highway within minutes for an effortless commute. Whether you're looking to live in one unit and rent out the other or capitalize on short-term rental opportunities, this property is a true investment goldmine. With cutting-edge renovations and prime location appeal, this duplex presents a unique opportunity to combine modern living with smart financial planning. Schedule your showing today and see why this property is the perfect blend of style, location, and investment potential!

Property Details

Property Features

Property Information:

  • Architectural Style: Contemporary
  • Year Built: 1921

Listing Office:

  • Office Name: Match House Realty Group LLC
  • Office Email: valerie@matchhouserealty.com
  • Listing Agent: Valerie Vaughn

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Exterior Information:

  • Exterior: Lighting

Lot Features

Lot Information:

  • Lot Size: 0.07 Acres

Utilities

Utilities Information:

  • Cooling: Central Air

Other

Directions Information:

  • Directions: GPS Friendly

Price Information

Listing Price Info

Price Summary:

  • List Price: $535,000

Tax Information:

  • Annual Amount: $2,196
  • Tax Year: 2020
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Housing Market Comparison

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

Med. Sold Price

$248.1K

Med. Price/SqFt

$140

Avg. Days On Market

36

# of Sold Homes

830

518 Prospect St vs Indianapolis

60 DAYS ON ROCKET

+24 Days

$535,000

+$286.8K More

KEY TAKEAWAY

This property is $286.8K 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: #22006424

Listing Office:

  • Office Name: Match House Realty Group LLC
  • Office Email: valerie@matchhouserealty.com
  • Listing Agent: Valerie Vaughn

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: 12/21/2024, 9:16:49 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

Mar 27, 2019Home Sold
$136,000
Jun 09, 2004Home Sold
$64,000

Tax History

YEARPROP. TAXASSESSMENT
2020$2,196$91,600
2019$2,205$93,000
2018$1,852$88,600
2017$1,856$82,900

History based on county public records data.

Payment Calculator

$2,738

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,670

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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-795000
6
/10
  • William McKinley Elementary School 39

  • 1733 Spann Ave

  • 1.11 miles

  • Public District Grades PK-6

school-card-donut-795001
3
/10
  • Eleanor Skillen Elementary School 34

  • 1410 Wade St

  • 1.37 miles

  • Public District Grades PK-6

school-card-donut-795002
3
/10
  • Piloted Schools Bethel Park

  • 2710 Bethel Ave

  • 1.80 miles

  • Public Charter Grades KG-4

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $48,261. Most Indianapolis, IN residents have annual incomes between $35k-100k. The most common type of family is single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas


Rocket HomesIndianaMarion CountyIndianapolis46203518 Prospect St

This home is located at 518 Prospect St in Indianapolis, IN and zip code 46203 in the Near Southside neighborhood. This home, which was built in 1921, sits on a 0.07 acre lot. It has been listed on Rocket Homes since October 22, 2024 and is currently priced at $535,000.

Over 170 listings were sold over their listed price in November 2024 in Indianapolis, IN. In the same period over 429 listings were sold below the listed price and 231 listings were sold for the listed price. The number of listings in Indianapolis, IN decreased by 5.8% between October 2024 and November 2024. In November 2024, listings were on the market for 36 days. During the same period, the median list price in this real estate market was $248,146.

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

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