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$249,900

5102 E University Avenue Indianapolis, IN  46219

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Property Description for 5102 E University Avenue Indianapolis, IN 46219

Exceptional investment opportunity in historic Irvington! This all-brick, 1940s-built duplex is an investor's dream or perfect for a house hack. Each spacious, move-in-ready unit features 2 bedrooms, a full basement, and gorgeous hardwood flooring, with charming period details like original woodwork, doors, and a cozy breakfast nook. Enjoy additional income or tenant appeal with a unique 3-car garage (with wall A/C) and a separate storage barn. Each unit rents for $1,250-$1,350/month, offering an excellent return. With updated HVAC on both sides, ample closet space, and floor-to-ceiling windows that flood each unit with natural light, this property is well-equipped for comfort and low maintenance. Located on a large corner lot with individual driveways, it's just minutes from downtown Indy, major highways, parks, and all the shopping, entertainment, and vibrant festivals Irvington is known for. Don't miss this rare, turn-key opportunity in a prime location!
QuickBuy option for home selling

Address:5102 E University Avenue Indianapolis IN 46219
Status:Active
on site: 1 day
Price:$249,900
Bathrooms:0
Year Built:1944
Lot Size:0.16
County: Marion
Township: Warren
MLS #:22009277
Property Type:Duplex

Lot Dimensions:6882
Road Access:Street Cuts
Road Surface:Asphalt
Building Utilities:Separate Gas Meter, Separate Sewer Meter, Water
Directions:GPS Friendly
Basement:Yes

Loan Price
$1,774
Price And Interest $1,304/month
Property Tax $366/month
MTG INS $0/month
HOME INS $104/month
Price
$249,900
Down Payment %
0 %
Down Payment
$0
Property Taxes
$366/month
Home Owner Insurance
$1,248 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

Semi-Annual Property Tax:$2,198
Tax Year:2023
Mandatory HOA Fee:$

Area: 4905 - Marion - Warren
City:Indianapolis
Subdivision: Campus Terrace
Zip Code:46219

Exterior Features:Barn Storage
Exterior Type:Brick
Cool:Central Electric
Heat:Forced Air, Gas
Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company
Tucker Customer Care
Additional Phone (317) 954-4768
F.C. Tucker Company

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Listing provided courtesy of Andy Ludlow with eXp Realty, LLC from MIBOR as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 10/29/2024 12:00 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.





Indianapolis Market Report

81
Avg. DOM

The house prices in Indianapolis are indeed dropping at the moment. There has been a decrease in price of $20,825.47. There are several factors that can cause a price drop. Higher mortgage rates, lower demand, prices of comparable properties can all cause the price of a house to drop.

The housing market and house prices in Indianapolis are going Down. The average house price is $269,000.00 and the average price per square feet is $156.25 per square feet. At the moment, the amount of homes listed is exactly 13891 houses, with 2412 with active status, 1216 with pending status and 10263 sold in Indianapolis .

The most popular place to buy a home in Indianapolis is 4903 - Marion - Washington. 4903 - Marion - Washington is where we have the most properties listed and there seems to be the most demand to buy a house. Some people love to live in the most popular areas of a city, and others prefer to live in an area that is less busy. Regardless of your preference, we have a vast variety of listings and agents to help you find a house in Indianapolis .

The average amount of property taxes you would have to pay for a home in Indianapolis is $3,194.02. It is important to consider property taxes when purchasing a home. Property taxes are tied to the value of the home. The more expensive the home is, the higher the taxes will be.

Properties in Indianapolis are staying listed for an average of 68 days. A good way to tell if you are in a buyer's or seller's market is to look at the average days on market for homes in the area. A low number of average days on market indicate a seller's market whereas a high number of average days on market indicate a buyer's market.

The last home listed in Indianapolis was 1519 minutes ago.

At the moment we have 105 open houses that you can visit.

The cost of the most expensive home in Indianapolis is $7,750,000.00. There are several reasons to consider buying an expensive home. They typically have great amenities, will be in great condition, and have plenty of space inside and outside of the home. Expensive real estate usually appreciates very fast, making it a good investment if you can afford it.

The cost of the cheapest home in Indianapolis is $45,900.00 . Buying a cheap house can have many benefits including keeping your payments low, allowing more room in your budget to customize or improve the house, as well as allowing you to pay of your mortgage faster.

The date of the oldest built home in Indianapolis in year 1827 and the newest built house is in year 2025.

The average size of properties in Indianapolis is 2112.74 sq.ft. , the biggest one being 13549 sq.ft. and the smaller being 252 sq.ft. . The size of your family and budget are important factors to consider when purchasing a home.

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