#22029913, Terry Young, Listing Office: Red Bridge Real Estate
733 W 25th St Indianapolis, IN 46208
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
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
Listings courtesy of MIBOR Broker Listing Cooperative® as distributed by MLS GRID.
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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.
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$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
Year | Assessment | Property 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.
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.
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.