$2,553

closing credit¹

329 S State Ave Indianapolis, IN 46201

$215,000
0.10 acres
Multi-Family

Property details

About 329 S State Ave

Looking for an income generating duplex minutes from downtown, Fountain Square, and the new Community Justice Campus? Each unit is 2 beds and 1 bath with updated interior paint, LVP flooring, new decks, new light fixtures and more. Private parking for 4 vehicles with new gravel. All mechanicals were replaced 5 years ago. One unit is rented and the other unit is vacant. The vacant unit is rent ready and could potentially rent at market value for $1200. This is a rapidly changing neighborhood, and a house two doors down recently sold.

Highlights

Home typeDuplex
HeatingForced Air, Natural Gas
StatusActive
CoolingCentral Air, Separate Meters
Lot size0.1 Acres
Year built1910
MLS #22004833

Summary

  • MLS Number: 22004833
  • MLS Name: MIBOR
  • Office Name: Liberty Real Estate, LLC.
  • Office Email: lmeulbroek@libertyrealestate.biz
  • Listing Agent: Lisa Meulbroek

IDX Listings courtesy of MIBOR Broker Listing Cooperative® 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. Properties displayed may be listed or sold by various participants in the MLS.

Copyright ©2025 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.

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to helpdesk@miborsupport.com and DMCAnotice@MLSGrid.com.

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: 2/9/2025, 9:16:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Get an agent. Get a mortgage. Save big.¹

view of side of property featuring a lawn

$215,000

329 S State Ave

$2,553

closing credit¹

Sell your home with Rocket and save even more!

Seller rebate

0.5% sale price²

Price information

Property sales

DateEventPrice
Jun 07, 2019
Home Sold
$40,000
Jul 15, 2016
Home Sold
$64,000
Jul 15, 2016
Home Sold
$53,000
Jun 20, 2016
Home Sold
$35,000

Tax history

YearAssessmentProperty Tax
2023$109,600$2,599
2022$109,600$2,587
2021$89,800$1,977
2020$85,400$1,859
2019$74,000$2,022
2018$68,800$1,535
2017$67,200$1,000

History based on county public records data.

Nearby schools

6

William McKinley Elementary School 39

Public District PK-6

0.2 mi

1733 Spann Ave

4

Thomas D. Gregg Elementary School 15

Public District PK-6

1.1 mi

2302 E Michigan St

8

Paramount Cottage Home

Public Charter KG-4

1.2 mi

1203 E Saint Clair St

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $31,875. Most Indianapolis, IN residents have annual incomes less than $<35k. The majority of families are single, no kids. Residents of this area typically have high school diploma education.

How much money do the neighbors make?

53%
<35k
36%
35k-100k
11%
100k-200k
0%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree

What types of families live nearby?

46%
Single, No Kids
22%
Single, with Kids
15%
Married, No Kids
17%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

20%
<11 yrs old
8%
12-17 yrs old
24%
18-34 yrs old
39%
35-64 yrs old
9%
65+ yrs old

What do the neighbors do for fun?

  • UFCUFC
  • Pro BoxingPro Boxing
  • Mexican League SoccerMexican League Soccer

Where do the neighbors shop?

  • Family DollarFamily Dollar
  • BurlingtonBurlington
  • Big LotsBig Lots

Where do the neighbors go to eat?

  • Burger KingBurger King
  • PopeyesPopeyes
  • Church's ChickenChurch's Chicken

What do the neighbors drive?

  • BuickBuick
  • DodgeDodge
  • ChevroletChevrolet

What do the neighbors listen to?

  • Urban ContemporaryUrban Contemporary
  • Urban Adult ContemporaryUrban Adult Contemporary
  • Adult StandardsAdult Standards
All data provided by Home Junction and Claritas

Similar homes for sale

This home is located at 329 S State Ave in Indianapolis, IN and zip code 46201 in the State Square neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since October 15, 2024 and is currently priced at $215,000.

While more than 100 listings in Indianapolis, IN in January 2025 were sold above asking price, there were more than 147 listings sold at asking price, and more than 354 were sold below. The number of homes for sale in Indianapolis, IN decreased by 2.2% between December and January 2025. The median list price of listings available in January 2025 was $249,950, while the average time on the real estate market was 48 days.

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

More resources