Movoto Real Estate
Sold on 06/11/2024
  • Exterior
  • Bath
  • Other
  • Living
  • Entry Way
  • Kitchen

616 Eastern Ave, Indianapolis, IN 46201

  • $230,000

    Last sold 06/11/2024 after 3 Days

  • bed

  • bath

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

About 616 Eastern Ave

Property type Multi-family
Neighborhood
Year built 1920
HOA fee $0/month
Lot size 6,098 Sqft
Rental estimate
Property description
Discover this well-maintained duplex on the east side, featuring solid long-term tenants and a fantastic investment opportunity. This property offers stability and a steady income stream, making it a perfect addition to any investment portfolio. Unit 1: Rented at $998/month Unit 2: Rented at $765/month (under market value, offering potential for rent increase). Tenants pay all utilities, ensuring low operational costs for the owner. Long-Term Tenants! Enjoy the peace of mind that comes with reliable, long-term tenants who care for the property. Nicely Kept Duplex:The property is well-maintained, reflecting the pride of both the owner and tenants. The interiors are clean and in good condition, minimizing the need for immediate repairs or renovations. This duplex is not just a property; it's a smart investment. The tenants pay all utilities, making it a hassle-free investment for the new owner. Potential for Growth:With one unit rented below market value, there is an opportunity to increase the rent and maximize your return on investment. Don't miss out on this fantastic opportunity to own a well-kept duplex with solid, long-term tenants.
Listed by
Listing Agent - Tasheana Hanza
Listing Agent Contact: Tasheana@hanzarealty.com
Listing Office - Hanza Realty, LLC
Source: MIBOR MLS mls logo
MLS#21984000 • last updated 1 year ago
Movoto checked MIBOR MLS for data 15 minutes ago
Overview
Cooling/AC Central Electric
Levels/Style Two
Type Residential Income
MLS # 21984000
Status Sold
Lot Size Range (Acres) <1/4 Acre
Lot Size (SqFt) 6098
Year Built 1920
Exterior
Lot Size (Acres) 0.14
Location
County Marion
Subdivision Hogate & Kings Rural St
High School District Indianapolis Public Schools
APN 491005132013000130
Multifamily Details
Total # Of Units 2
Lot/ Land Details
Road Access Not Applic
Current Use Residential
We are not permitted to show value estimates for this property.
  • Aug 2024
    mls logo MLS # 21984000
  • Aug 9, 2024 Sold
    $230,000 (-8.0%)
  • Jun 12, 2024 Pending
  • Jun 8, 2024 Listed
    $250,000 (+1215.8%)
  • Apr 2008
    mls logo MLS # 2808851
  • Apr 26, 2008 Sold
    $19,000 (-17.0%)
  • Feb 11, 2008 Listed
    $22,900
  • 616 Eastern Ave
    $230K
  • 4912 - Marion - Center Ne
  • 46201
    $198K -2% y/y
  • Indianapolis
    $274K 0% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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