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Back 228 N Tacoma Ave
Off Market

228 N Tacoma Ave

Indianapolis IN 46201

5184 sq. ft.
Duplex
Last sold for $140,000
rolonda lollarolonda lolla, last sold this property on 16 April 2026 after 518 days on market.

Overview

Turnkey Duplex - One Side Leased at $700/Month, Other Side Vacant with $1,000/Month Potential or Owner-Occupy Option! Fantastic investment opportunity in Indianapolis! This 1-bedroom, 1-bathroom per side duplex with a full basement with 2 built out rooms is half occupied and currently generating $700/month in rental income. The other side is vacant and ready - with potential to rent for around $1,000/month or for you to move in and live while building equity. Convenient Location: Close to downtown Indy, shopping, dining, and major highways. The area is surrounded by remodeled and new construction homes, giving this property excellent long-term growth potential. Investor Friendly: One tenant already in place providing stability and cash flow from day one, with immediate upside potential on the vacant unit. At a list price of $179,900, this property meets the 1% rule, making it an attractive buy-and-hold investment. Bonus: The neighboring duplex at 224 N Tacoma Ave is also available. Prefer to sell both as a package, giving you the rare chance to own two side-by-side income-producing properties.

Features

5184 sq. ft. lot size
Duplex

Estimated Value

Based on this property and similar duplexes sold in Indianapolis over the last 12 months, the estimated median property value of 228 N Tacoma Ave is $190k.

Median value
$190k
Estimated value range
$20k - $650k
Median days on market
23
Estimated value trend
16%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Indianapolis. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 228 N Tacoma Ave

2026
Sold
$140,000
16 Apr 2026 by rolonda lolla, of Austyn Avenue Real Estate

Happy sellers in Indianapolis

90%
90% of sellers in Indianapolis reported that their sale price either exceeded or met their price expectations.

Indianapolis stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 4 reviews in Indianapolis over the last 12 months.

Local market activity for duplexes in Indianapolis

In the last 12 months, 174 duplexes similar to 228 N Tacoma Ave, have been sold.

This represents a 42% decrease in duplexes sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Indianapolis

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Andres Rodriguez

Andres Rodriguez is a recommended agent for Indianapolis.  They have 3 local sales and collected 2 local reviews across the last 12 months.

  •   5   (7 reviews)
  •  2 Reviews in Indianapolis
  •  3 Sales in Indianapolis
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Summer Hudson

Sellers who recommend Summer Hudson have praised them for being local expert, clear communication, responsive, supportive, honest, patient, and great negotiation

  •   5   (222 reviews)
  •  2 Reviews in Indianapolis
  •  2 Sales in Indianapolis
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Virginia Iozzo

Virginia Iozzo is a recommended agent for Indianapolis.  They have 6 local sales and collected 1 local review across the last 12 months.

  •   5   (2 reviews)
  •  1 Review in Indianapolis
  •  6 Sales in Indianapolis
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Chas Schaffernoth

Chas Schaffernoth is an award winning recommended agent for Indianapolis.  They have 3 local sales and collected 1 local review across the last 12 months.

  •   5   (10 reviews)
  •  1 Review in Indianapolis
  •  3 Sales in Indianapolis
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