#22038511, Andy Tresize, Listing office: Compass Indiana, LLC
Property details
About 4502 Kingsley Dr
Incredible investment opportunity in one of Indianapolis's hottest neighborhoods - South Broad Ripple! This classic 1920 duplex, located at 4502-4504 Kingsley Dr, offers two well-laid-out 1 bed, 1 bath units with approximately 704 sq ft each. Whether you're looking to house hack or expand your rental portfolio, this property delivers. One side is currently leased at $865/month - well below market rent - while the other side is vacant and ready for immediate occupancy or new tenants at higher rates. Nestled in the charming Montrose subdivision, the duplex sits on a 5,576 sq ft lot and offers a great blend of urban energy and residential peace. South Broad Ripple is renowned for its walkability, vibrant dining scene, coffee shops, parks, and trails. Investors will love the steady demand and strong upside potential in rental income, especially in this high-growth area. With property taxes under $900/year and no HOA fees, your operating costs stay low. Priced at just $205,000 - only $102,500 per unit - this duplex is a rare find for the location and returns. Zoned for Indianapolis Public Schools and offering fast access to downtown, the Monon Trail, and Keystone at the Crossing, this is a location that tenants will love. Don't miss your chance to capitalize on a solid, cash-flowing asset with immediate value-add potential. 4502-4504 Kingsley Dr is a savvy buy in a booming rental market!
Highlights
Home typeDuplex
StatusSale Pending
(Pending)
(Pending)
Lot size0.13 Acres
Year built1920
MLS #22045106
Summary
- List Price: $199,900
- Annual Tax Amount: $1,973
- Tax Year: 2023
- Directions: GPS Friendly
- Year Built: 1920
- Lot Size: 0.13 Acres
- MLS Number: 22045106
- MLS Name: MIBOR
- Office Name: No Limit Real Estate, LLC
- Listing Agent: Charlene Gaard
Listings courtesy of MIBOR Broker Listing Cooperative® as distributed by MLS GRID.
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Last updated on: 7/30/2025, 3:31:28 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $83,200 | $1,973 |
| 2022 | $73,100 | $1,725 |
| 2021 | $56,900 | $1,322 |
| 2020 | $83,100 | $1,932 |
| 2019 | $77,100 | $761 |
| 2018 | $27,300 | $599 |
| 2017 | $23,100 | $512 |
History based on county public records data.
Nearby schools
4
Ace Preparatory Academy
Public Charter KG-5
0.8 mi
•5326 Hillside Ave
2
Tindley Genesis Academy
Public Charter KG-6
0.9 mi
•4020 Meadows Pkwy
3
Avondale Meadows Academy
Public Charter KG-5
1.2 mi
•3980 Meadows Dr
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 $31,071. Residents of Indianapolis, IN typically earn less than $<35k each year. The most common type of family 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?
58%
<35k
40%
35k-100k
2%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
55%
Single, No Kids
22%
Single, with Kids
14%
Married, No Kids
9%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
16%
<11 yrs old
7%
12-17 yrs old
27%
18-34 yrs old
40%
35-64 yrs old
10%
65+ yrs old
What do the neighbors do for fun?
UFC- Pro Boxing
NHRA Drag Racing
Where do the neighbors shop?
Family Dollar
Burlington
Big Lots
Where do the neighbors go to eat?
Burger King
Popeyes
Golden Corral
What do the neighbors drive?
Buick
Dodge
Kia
What do the neighbors listen to?
Urban Contemporary
Adult Standards
Contemporary Inspirational
All data provided by Home Junction and Claritas
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Frequently asked questions
About 4502 Kingsley Dr
The listing price of 4502 Kingsley Dr property is $199,900.
The property 4502 Kingsley Dr is a multi located in Indianapolis, Indiana, 46205.
Sale Pending: 4502 Kingsley Dr is Sale Pending (Pending), which means that the seller has accepted an offer but the sale is not finalized.
The nearby schools for 4502 Kingsley Dr are: Ace Preparatory Academy (GreatSchools Rating 4/10), Tindley Genesis Academy (GreatSchools Rating 2/10), Avondale Meadows Academy (GreatSchools Rating 3/10), Rousseau McClellan Montessori School 91 (GreatSchools Rating 5/10), IPS Butler University Laboratory School 55 (GreatSchools Rating 2/10), Center For Inquiry School 70 (GreatSchools Rating 5/10), Charles a Tindley Accelerated School (GreatSchools Rating 4/10), Shortridge High School (GreatSchools Rating 2/10), Purdue Polytechnic High School North (GreatSchools Rating 3/10).
According to the records, the last property tax for 2023 is $1,973 (source: MLS/based on county public records data).
The year of construction for 4502 Kingsley Dr is 1920.
This home is located at 4502 Kingsley Dr in Indianapolis, IN and zip code 46205 in the Fairgrounds neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since June 20, 2025 and is currently priced at $199,900.
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 number of listings in Indianapolis, IN decreased by 0.2% between May and June 2025. The median list price of listings available in June 2025 was $251,183, while the average time on the real estate market was 31 days.
From Rocket Homes Real Estate and based on county public records data.