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Back 29 N Tacoma Ave
Off Market

29 N Tacoma Ave

Indianapolis IN 46201

5009 sq. ft.
Duplex
Last sold for $408,150
Mihir BhimarajuMihir Bhimaraju, last sold this property on 26 August 2026 after 61 days on market.

Overview

Calling all investors and house hackers! This renovated fourplex presents an excellent opportunity to own a cash-flowing multifamily property just minutes from downtown Indianapolis. The property currently has three occupied units generating approximately $3,300 per month in rental income, with one vacant unit that was previously rented for $1,100 per month, offering a total rental potential of approximately $4,400 per month. The unit mix consists of two 2-bedroom units and two 1-bedroom units, providing a desirable layout that appeals to a wide range of tenants. The vacant unit also creates an ideal opportunity for an owner-occupant to offset their mortgage while building equity through rental income. Conveniently located near Downtown Indianapolis, Fountain Square, Mass Ave, and Irvington, the property benefits from strong rental demand and long-term appreciation potential. There is additional upside through future rent increases, including the possibility of leasing to Section 8 tenants or local nonprofit housing organizations, which may provide higher rental rates and stable occupancy. Whether you're looking to grow your investment portfolio or purchase your first multifamily property, this fourplex offers immediate income with room for future growth. Schedule your showing today!

Features

5009 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 29 N Tacoma Ave is $215k.

Median value
$215k
Estimated value range
$20k - $700k
Median days on market
21
Estimated value trend
28%
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 29 N Tacoma Ave

2026
Sold
$408,150
26 Aug 2026 by Mihir Bhimaraju, of Real Broker, LLC
2021
Sold
$328,000
15 Oct 2021 by Dick Richwine, of Berkshire Hathaway HomeServices Indiana Realty (Indianapolis, 46240)
2021
Sold
$85,000
20 Apr 2021 by Pamela Brown, of PMI Indianapolis

Happy sellers in Indianapolis

87%
87% 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 6 reviews in Indianapolis over the last 12 months.

Local market activity for duplexes in Indianapolis

In the last 12 months, 159 duplexes similar to 29 N Tacoma Ave, have been sold.

This represents a 4% increase 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   (234 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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