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Sold on 03/24/2024

4940 E 16th St, Indianapolis, IN 46201

  • $195,000

    Last sold 03/24/2024 after 3 Days

  • —

    bed

  • —

    bath

Multi-family not for sale
12 homes bought nearby with Movoto recently

About 4940 E 16th St

Property type Multi-family
Neighborhood
Year built 1951
HOA fee $0/month
Lot size 10,019 Sqft
Rental estimate
Property description
EAST SIDE INVESTMENT OPPORTUNITY // This brick duplex situated in Otterbein, just outside of Little Flower and Community Heights, will appeal to investors and homebuyers alike! Each side consists of 2 bedrooms, 1 bathroom, an unfinished basement for storage and laundry, and a sweet front porch. The big ticket items have been taken care of for you! Roof is brand new, the HVAC has been updated, and it has a newer sewer liner. Both sides are turnkey, with one side being vacated in April and the other currently rented. Located less than 2 miles from highway access and just minutes from downtown, this property will make an excellent addition to an investor portfolio or a wonderful home for a savvy homebuyer who wants to live in one side and rent out the other.
Listed by
Listing Agent - Lesli Gibson
Listing Agent Contact: Lgibson@maywright.com
Listing Office - Maywright Property Co.
Source: MIBOR MLS mls logo
MLS#21969660 • last updated 2 years ago
Movoto checked MIBOR MLS for data 8 minutes ago
Overview
Cooling/AC Central Electric, Other
Heating Forced Air
Levels/Style One
Type Residential Income
MLS # 21969660
Status Sold
SubType Duplex
Lot Size Range (Acres) <1/4 Acre
Lot Size (SqFt) 10019
Year Built 1951
Condition Updated/Remodeled
Interior
Exterior
Foundation Block
Construction Brick, Block
Parking Desc Gravel
Lot Size (Acres) 0.23
Lot Desc Corner Lot
Location
County Marion
Subdivision No Subdivision
High School District Indianapolis Public Schools
APN 490733110038000130
Multifamily Details
Tenant Pays All Utilities
Total # Of Units 2
Lot/ Land Details
Road Access See Remarks
Current Use Apt<20, Residential
We are not permitted to show value estimates for this property.
  • May 2024
    Public Records
  • May 10, 2024 Sold
    $195,000
  • Apr 2024
    mls logo MLS # 21969660
  • Apr 29, 2024 Sold
    $195,000 (+5.4%)
  • Mar 24, 2024 Pending
    —
  • Mar 21, 2024 Listed
    $185,000 (+270.7%)
  • May 2020
    Public Records
  • May 26, 2020 Sold
    $49,900
  • 4940 E 16th St
    $195K
  • 4912 - Marion - Center Ne
    —
  • 46201
    $189K -9% y/y
  • Indianapolis
    $265K -2% y/y
No chart available
Statistics calculated by Movoto

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3/10
Brookside School 54
public Grades PK, K-6
Indianapolis Public Schools
4/10
Arlington Community Middle School
public Grades 7-8
Indianapolis Public Schools
1/10
Arsenal Technical High School
public Grades 9-12
Indianapolis Public Schools
Source: GreatSchools.org © 2026. All rights reserved.

Around 4912 - Marion - Center Ne

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