#22040118, Derek Eisenberg, Listing office: Continental Real Estate Group
Property details
About 37 Parkview Ave
Incredible 5-unit multifamily opportunity in Parkview, a fast-growing area surrounded by new construction and investment activity. This studio-style property offers strong cash flow potential with two units currently occupied-one rented at $750/month and another at $340 every two weeks (~$737/month). The remaining three units are available, with two actively marketed at $750/month and one undergoing light turn work while being shown. Projected stabilized gross income is $3,750/month or $45,000/year. Owner covers all utilities-gas, electric, water, sewer, and trash-with average monthly expenses of just $588. At the new price point of $305,000, the projected net operating income (NOI) is $37,944, resulting in a cap rate of 12.44%. With 20% down, investors can expect an impressive 28.14% cash-on-cash return, based on an estimated annual cash flow of $17,153 after debt service. The property also features off-street parking and sits in a neighborhood experiencing major growth and revitalization. With minimal overhead, strong rental demand, and significant value-add potential, this is an ideal opportunity for savvy investors looking to expand their portfolio. No showings without an accepted offer. Please do not disturb tenants.
Highlights
Home typeQuadruplex
HeatingForced Air
StatusActive
BasementYes
Lot size0.1 Acres
Year built1910
MLS #22045336
Summary
- Basement: Yes
- Architectural Style: Split Level
- Heating: Forced Air
- List Price: $305,000
- Annual Tax Amount: $2,457
- Tax Year: 2023
- Directions: GPS Friendly
- Year Built: 1910
- Lot Size: 0.1 Acres
- MLS Number: 22045336
- MLS Name: MIBOR
- Office Name: Hanza Realty, LLC
- Listing Agent: Tasheana Hanza
Listings courtesy of MIBOR Broker Listing Cooperative® as distributed by MLS GRID.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/20/2025, 12:31:27 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Oct 05, 2018 | Home Sold | $97,500 |
| Oct 31, 2017 | Home Sold | $105,000 |
| Oct 31, 2017 | Home Sold | $69,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $103,600 | $2,457 |
| 2022 | $82,200 | $1,940 |
| 2021 | $73,500 | $1,702 |
| 2020 | $73,500 | $1,776 |
| 2019 | $70,500 | $1,790 |
| 2018 | $70,500 | $1,557 |
| 2017 | $68,200 | $1,345 |
History based on county public records data.
Nearby schools
4
Thomas D. Gregg Elementary School 15
Public District PK-6
0.6 mi
•2302 E Michigan St
6
William McKinley Elementary School 39
Public District PK-6
0.7 mi
•1733 Spann Ave
9
Paramount Cottage Home
Public Charter KG-4
0.8 mi
•1203 E Saint Clair St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $13,717. Residents of Indianapolis, IN typically earn less than $<35k each year. Typical family type is single, no kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
76%
<35k
18%
35k-100k
6%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
54%
Single, No Kids
23%
Single, with Kids
12%
Married, No Kids
11%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
10%
<11 yrs old
4%
12-17 yrs old
33%
18-34 yrs old
48%
35-64 yrs old
5%
65+ yrs old
What do the neighbors do for fun?
UFC- Pro Boxing
Figure Skating
Where do the neighbors shop?
Family Dollar
Burlington
Big Lots
Where do the neighbors go to eat?
Burger King
Popeyes
Church's Chicken
What do the neighbors drive?
Buick
Dodge
Cadillac
What do the neighbors listen to?
Urban Contemporary
Jazz
Adult Standards
All data provided by Home Junction and Claritas
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Frequently asked questions
About 37 Parkview Ave
The listing price of 37 Parkview Ave property is $305,000.
The property 37 Parkview Ave is a multi located in Indianapolis, Indiana, 46201.
Active Listing: 37 Parkview Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 37 Parkview Ave are: Thomas D. Gregg Elementary School 15 (GreatSchools Rating 4/10), William McKinley Elementary School 39 (GreatSchools Rating 6/10), Paramount Cottage Home (GreatSchools Rating 9/10), URBAN ACT Academy School 14 (GreatSchools Rating 2/10), Paramount Englewood (GreatSchools Rating 9/10), Longfellow STEM Magnet Middle School (GreatSchools Rating 5/10), Arsenal Technical High School (GreatSchools Rating 1/10), Purdue Polytechnic High School (GreatSchools Rating 2/10), Herron High School (GreatSchools Rating 9/10).
According to the records, the last property tax for 2023 is $2,457 (source: MLS/based on county public records data).
The last sale was on October 5, 2018 for $97,500 (source: MLS/tax record).
The year of construction for 37 Parkview Ave is 1910.
This home is located at 37 Parkview Ave in Indianapolis, IN and zip code 46201 in the State Plaza neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since June 16, 2025 and is currently priced at $305,000.
In June 2025 more than 266 listings in Indianapolis, IN were sold above the asking price. During the same period more than 276 listings were sold at asking price, while more than 527 were sold below. The inventory of homes for sale in Indianapolis, IN between May and June 2025 decreased by 0.2%. In June 2025 median list price was $251,183 and the average listing age was 31 days.
From Rocket Homes Real Estate and based on county public records data.