$145,000

733 W 25th St Indianapolis, IN 46208

$1,722
Closing credit¹
0.09 acres
Multi-Family

Property details

About 733 W 25th St

Don't miss this exciting investment opportunity to own a vacant duplex at 733 W 25th St in the heart of Indianapolis! This upstairs/downstairs duplex offers endless flexibility for a savvy investor or owner-occupant. The main level features 2 spacious bedrooms, 1 full bath, and a functional layout, while the upstairs unit includes 1 bedroom plus a bonus room-perfect for a home office, second bedroom, or creative space. Both units are completely vacant and ready for immediate updates, offering a blank canvas to maximize rental potential. Market rent projections are approximately $1,100/month for the lower unit and $850/month for the upper unit, generating an estimated $1,950/month or $23,400/year in gross rental income. All utilities are separately metered, allowing tenants to cover their own electric and gas bills-owner currently pays for water and sewer, which runs approximately $120 per month. This setup helps minimize owner overhead-a major plus for investors! Annual property taxes are only $1,498, with estimated insurance costs of $600/year, and professional property management is projected at 10% of collected rents. Based on current projections, this duplex could deliver a strong 13.1% proforma cap rate, offering excellent cash flow potential. Located near downtown Indianapolis, Riverside Park, I-65, and other major conveniences, this property is ideally positioned for tenant demand and future growth. Live in one unit and rent the other, or lease both units for maximum returns. Bring your vision and turn this versatile property into a high-performing asset today!

Highlights

Home typeDuplex
StatusActive
Lot size0.09 Acres
Year built1920
MLS #22035182

Summary

  • List Price: $145,000
  • Annual Tax Amount: $1,584
  • Tax Year: 2023
  • Directions: GPS Friendly
  • Year Built: 1920
  • Lot Size: 0.09 Acres
  • MLS Number: 22035182
  • MLS Name: MIBOR
  • Office Name: No Limit Real Estate, LLC
  • Office Email: charlenegaard@aol.com
  • Listing Agent: Charlene Gaard

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: 5/2/2025, 11:46:49 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 property featuring covered porch, fence, and a front yard

$145,000

733 W 25th St

$1,722

closing credit¹

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0.5% sale price²

Price information

Property sales

We're sorry, we currently don't have property sales data for this listing.

Tax history

YearAssessmentProperty Tax
2023$66,800$1,584
2022$63,400$1,496
2021$54,400$1,148
2020$49,600$1,243
2019$48,600$1,172
2018$45,200$94
2017$41,600$2,034

History based on county public records data.

Nearby schools

3

Global Preparatory Academy

Public Charter KG-6

0.9 mi

2033 Sugar Grove Ave

4

Louis B Russell Jr School 48

Public Charter KG-6

1.7 mi

3445 Central Ave

3

Kipp Indy Unite Elementary School

Public Charter KG-5

2.3 mi

1740 E 30th 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 $29,388. Typical income of Indianapolis, IN residents is less than $<35k annually. Residents typically live in single, no kids family. Typical level of education for residents in this area is high school diploma.

How much money do the neighbors make?

57%
<35k
38%
35k-100k
5%
100k-200k
0%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree

What types of families live nearby?

60%
Single, No Kids
23%
Single, with Kids
11%
Married, No Kids
6%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

15%
<11 yrs old
10%
12-17 yrs old
19%
18-34 yrs old
42%
35-64 yrs old
14%
65+ yrs old

What do the neighbors do for fun?

  • Figure SkatingFigure Skating
  • UFCUFC
  • NHRA Drag RacingNHRA Drag Racing

Where do the neighbors shop?

  • Family DollarFamily Dollar
  • Big LotsBig Lots
  • BurlingtonBurlington

Where do the neighbors go to eat?

  • Church's ChickenChurch's Chicken
  • Burger KingBurger King
  • Golden CorralGolden Corral

What do the neighbors drive?

  • CadillacCadillac
  • BuickBuick
  • KiaKia

What do the neighbors listen to?

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

Similar homes for sale

This home is located at 733 W 25th St in Indianapolis, IN and zip code 46208 in the Near Northwest / Riverside neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since May 2, 2025 and is currently priced at $145,000.

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. While the average time on the market in April 2025 was 41 days, the median list price was $250,031.

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

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