$199,900

329 S State Ave Indianapolis, IN 46201

$2,374
Closing credit¹
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.

Highlights

Home typeDuplex
HeatingForced Air, Natural Gas
StatusActive
CoolingSeparate Meters
Lot size0.1 Acres
Year built1910
MLS #22040100

Summary

  • Basement: No
  • Architectural Style: Colonial
  • Heating: Forced Air, Natural Gas
  • Cooling: Separate Meters
  • List Price: $199,900
  • Annual Tax Amount: $2,599
  • Tax Year: 2023
  • Directions: GPS Friendly
  • Year Built: 1910
  • Lot Size: 0.1 Acres
  • MLS Number: 22040100
  • 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.

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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.

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Last updated on: 5/29/2025, 3:16:27 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

329 S State Ave, Indianapolis, IN 46201 - view of side of home

$199,900

329 S State Ave

$2,374

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

9

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. Residents of Indianapolis, IN typically earn less than $<35k each year. Most families are single, no kids. The majority of residents in this area 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 May 23, 2025 and is currently priced at $199,900.

In April 2025 more than 246 listings in Indianapolis, IN were sold above the asking price. During the same period more than 253 listings were sold at asking price, while more than 546 were sold below. In April 2025 in Indianapolis, IN there were 4.9% more homes for sale than in March. In April 2025 median list price was $250,031 and the average listing age was 41 days.

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

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