$259,999

429 N Colorado Ave Indianapolis, IN 46201

$3,087
Closing credit¹
0.1 acres
Multi-Family

Property details

About 429 N Colorado Ave

This fully renovated duplex on the east side of Indianapolis offers an incredible opportunity for both investors and homeowners looking to offset their mortgage. With both sides vacant and ready to rent, you can move into one side and start collecting rent from the other immediately. Each unit features 2 beds, 1 bath and has been fully renovated in 2022, so there's no work needed-just move in or rent out for instant income. The property boasts brand-new LVP flooring throughout, providing a sleek, durable, and low-maintenance option for both owners and tenants. Located in a prime area close to local amenities, schools, parks, and public transport, this property is perfectly situated for easy living and rental demand. Whether you're looking to live in one unit and rent out the other or add a well-maintained, income-generating asset to your portfolio, this duplex is a fantastic value that you won't want to miss.

Highlights

Home typeDuplex
StatusActive
BasementYes
Lot size0.13 Acres
Year built1919
MLS #22031189

Summary

  • Basement: Yes
  • Architectural Style: TraditonalAmerican
  • List Price: $259,999
  • Annual Tax Amount: $4,442
  • Tax Year: 2023
  • Directions: GPS Friendly
  • Year Built: 1919
  • Lot Size: 0.13 Acres
  • MLS Number: 22031189
  • MLS Name: MIBOR
  • Office Name: @properties
  • Office Email: tyler@tylerlingle.com
  • Listing Agent: Tyler Lingle

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.

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Last updated on: 5/8/2025, 5:16:27 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

view of front of house featuring covered porch and brick siding

$259,999

429 N Colorado Ave

$3,087

closing credit¹

Sell your home with Rocket and save even more!

Seller rebate

0.5% sale price²

Price information

Property sales

DateEventPrice
Oct 28, 2022
Home Sold
$249,000
May 11, 2022
Home Sold
$125,000
Apr 13, 2020
Home Sold
$100,000
Jun 05, 2019
Home Sold
$47,500
Sep 22, 2016
Home Sold
$15,500
Sep 22, 2016
Home Sold
$26,000
Aug 02, 2011
Home Sold
$19,000

Tax history

YearAssessmentProperty Tax
2023$187,300$4,442
2022$123,300$2,911
2021$86,100$2,007
2020$86,700$339
2019$84,700$332
2018$9,300$293
2017$8,700$648

History based on county public records data.

Nearby schools

3

Ralph W. Emerson Elementary School 58

Public District PK-6

0.1 mi

321 N Linwood Ave

3

Christian Park Elementary School 82

Public District KG-6

1.0 mi

4700 English Ave

3

Brookside Elementary School 54

Public District KG-6

1.1 mi

3150 E 10th 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 $34,440. The majority of Indianapolis, IN residents have income less than $<35k annually. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.

How much money do the neighbors make?

51%
<35k
42%
35k-100k
6%
100k-200k
1%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

48%
Single, No Kids
21%
Single, with Kids
14%
Married, No Kids
17%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

21%
<11 yrs old
8%
12-17 yrs old
26%
18-34 yrs old
40%
35-64 yrs old
5%
65+ yrs old

What do the neighbors do for fun?

  • Pro BoxingPro Boxing
  • Mexican League SoccerMexican League Soccer
  • NHRA Drag RacingNHRA Drag Racing

Where do the neighbors shop?

  • Family DollarFamily Dollar
  • BurlingtonBurlington
  • Big LotsBig Lots

Where do the neighbors go to eat?

  • White CastleWhite Castle
  • Church's ChickenChurch's Chicken
  • Golden CorralGolden Corral

What do the neighbors drive?

  • ChevroletChevrolet
  • KiaKia
  • ToyotaToyota

What do the neighbors listen to?

  • RockRock
  • 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 429 N Colorado Ave in Indianapolis, IN and zip code 46201 in the Near Eastside neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since April 9, 2025 and is currently priced at $259,999.

In April 2025, from all listings sold in Indianapolis, IN there were more than 246 sold above asking price, over 546 sold below and more than 253 were sold right at the asked price. In April 2025 in Indianapolis, IN there were 4.9% more homes for sale than in March. The median list price of listings available in April 2025 was $250,031, while the average time on the real estate market was 41 days.

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

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