1218 Union St

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Description

Discover an incredible investment or house hacking opportunity in the heart of Indy's Old Southside, just steps from everything downtown has to offer. This 7-bedroom, 4-bath single-family home is ideally situated less than a mile from Lucas Oil Stadium, a half mile from Eli Lilly's corporate offices, one mile from the Indiana Convention Center, and just minutes from major employers and attractions like White River Gardens Concert Venue, IU Health and Riley Hospital, Eskenazi Hospital, and I-70 for...Discover an incredible investment or house hacking opportunity in the heart of Indy's Old Southside, just steps from everything downtown has to offer. This 7-bedroom, 4-bath single-family home is ideally situated less than a mile from Lucas Oil Stadium, a half mile from Eli Lilly's corporate offices, one mile from the Indiana Convention Center, and just minutes from major employers and attractions like White River Gardens Concert Venue, IU Health and Riley Hospital, Eskenazi Hospital, and I-70 for easy access. The property is also only 15 minutes from Indianapolis International Airport, making it a prime location for short-term rental guests. Airbnb rates in the area range from $36 to $187 per night in the winter season, giving investors strong income potential. The home features a flexible layout with 3 bedrooms and 2 baths downstairs and 4 bedrooms and 2 baths upstairs, along with two kitchens and two laundry areas-ideal for co-living, Airbnb, or creating separate rentable spaces. Major system updates include a new central air system, two water heaters, and a heat pump, all installed in 2020, along with newly insulated exterior walls, fresh paint, and new flooring in 2022. All furniture stays with the home, and the property is being sold as-is, fully furnished. Classified as 419 "Other Com Housing" in public records, It's currently caretaker-occupied with no lease in place, allowing immediate flexibility for a new owner.
  1. Listed by Leyton Wellbaum • Highgarden Real Estate

Property Details for 1218 Union Street

Architectural Style
Traditional
Subdivision Name
Mccartys South Add
Township
Center
Waterfront
No
LISTING UPDATED: 01/07/2026 07:44 PM

Property Details for 1218 Union Street

StatusActive
MLS #22067339
Days on Market88
Taxes$1,725 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1940
Lot Size0.07 AC / 3,049 SF
CountyMarion County

Location

Listing Courtesy of Highgarden Real Estate
Add your commute

Building Information for 1218 Union Street

Stories-Residences2Year Built1940Building Size-Lot Size0.07 AC / 3,049 SF

Payment Calculator

$1,223 per month

30 year fixed, 6.15% Interest

Principal and Interest

$935

Property Taxes

$288

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1218 Union Street

Summary
Location and General Information
  • City: Indianapolis
  • County Or Parish: Marion
  • Directions: GPS Friendly
  • Postal Code: 46225
  • Postal Code Plus4: 1664
  • Road Access: Street Cuts
  • State Or Province: IN
  • View: No
Taxes and HOA Information
  • Parcel Number: 491113146072000101
  • Semi Annual Property Tax Amt: 1725
  • Tax Year: 2024
  • TaxLot: 56
School Information
  • School District: Indianapolis Public Schools
Property
Lot Information
  • Acreage: <1/4 Acre
  • Current Use: Residential
  • Lot Size Square Feet: 3036.0
  • Lot Size Acres: 0.07
  • New Construction: False
  • Possible Use: Residential, See Remarks
  • Structure Type: Duplex
  • Year Built Numeric: 1940
  • Living Area Source: Assessor
Property and Assessments
  • Affected by Disclosures: No
  • Conversion: Yes
  • DPRYN: Yes
  • Legal Subdivision: Mc Cartys South E1/2 L56 Ex .47' El X 16' Nlnw Cor
  • Photos Count: 13
  • Property Attached: No
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Road Surface Type: Concrete
  • Transaction Type: Sale
Utilities
  • Solid Waste: Yes
  • Operating Expense: 0.0
Interior and Exterior Features
Exterior Features
  • Construction Materials: Vinyl Siding
  • Foundation Details: Block
  • Roof: Asphalt
  • Fencing: Chain Link, Partial
Interior Features
  • Basement Description: Exterior Entry, Interior Entry, Unfinished
  • Basement YN: Yes
  • Cooling: Window Unit(s)
  • Levels: Two, One and One Half
  • Multi Baths: 4
  • Multi Beds: 7
Multi Family
Multi-Family Information
  • Total Units: 2
  • Garage Parking: On Street
Income & Expenses
  • Expenses: 0
  • Gross Income: $.00
Unit 1
  • Unit Kitchen: 12x11
  • Unit Levels: 1
  • Unit Rent Frequency: Weekly
  • Unit Utilities: Cl Cntrl Air,Fuel Elec,Hot Wtr Elec
  • Unit Type Type: 3 Bedroom
Unit 2
  • Unit Kitchen: 8x12
  • Unit Levels: 1
  • Unit Rent Frequency: Weekly
  • Unit Utilities: Cl Cntrl Air,Fuel Elec,Hot Wtr Elec
  • Unit Type Type: 4 Bedroom Or More

Property History for 1218 Union Street

DateEvent & SourcePriceAppreciation
Oct 21, 2025

Price Change

MIBORMLS #22067339

$191,900—
Oct 9, 2025

Listed (Active)

MIBORMLS #22067339

$197,000—
Jun 27, 2025

Expired

MIBORMLS #22029785

—
May 15, 2025

Pending

MIBORMLS #22029785

—
Mar 28, 2025

Listed (Active)

MIBORMLS #22029785

$239,000—
Mar 19, 2025

Expired

MIBORMLS #21985855

—
Jul 11, 2024

Pending

MIBORMLS #21985855

—
Jun 18, 2024

Listed (Active)

MIBORMLS #21985855

$255,319—
Jul 28, 2022

Expired

MIBORMLS #21850771

—
Jul 28, 2022

Temporarily Off Market

MIBORMLS #21850771

—
Jul 28, 2022

Pending

MIBORMLS #21850771

—
Jun 6, 2022

Price Change

MIBORMLS #21850771

$287,000—
May 13, 2022

Price Change

MIBORMLS #21850771

$297,000—
Apr 22, 2022

Listed (Active)

MIBORMLS #21850771

$327,000—
Jul 26, 2013

Sold (Public Record)

Public Record #371138512

$25,000—
Mar 6, 2002

Sold

MIBORMLS #2146797

$29,900—
Jan 29, 2002

Pending

MIBORMLS #2146797

—
Nov 30, 2001

Expired

MIBORMLS #2018294

—
Oct 8, 2001

Listed (Active)

MIBORMLS #2146797

$35,000—
May 2, 2000

Listed (Active)

MIBORMLS #2018294

$53,000—
DateEvent & SourcePrice
10/21/2025

Price Change

MIBORMLS #22067339

$191,900
10/09/2025

Listed (Active)

MIBORMLS #22067339

$197,000
06/27/2025

Expired

MIBORMLS #22029785

—
05/15/2025

Pending

MIBORMLS #22029785

—
03/28/2025

Listed (Active)

MIBORMLS #22029785

$239,000
03/19/2025

Expired

MIBORMLS #21985855

—
07/11/2024

Pending

MIBORMLS #21985855

—
06/18/2024

Listed (Active)

MIBORMLS #21985855

$255,319
07/28/2022

Expired

MIBORMLS #21850771

—
07/28/2022

Temporarily Off Market

MIBORMLS #21850771

—
07/28/2022

Pending

MIBORMLS #21850771

—
06/06/2022

Price Change

MIBORMLS #21850771

$287,000
05/13/2022

Price Change

MIBORMLS #21850771

$297,000
04/22/2022

Listed (Active)

MIBORMLS #21850771

$327,000
07/26/2013

Sold (Public Record)

Public Record #371138512

$25,000
03/06/2002

Sold

MIBORMLS #2146797

$29,900
01/29/2002

Pending

MIBORMLS #2146797

—
11/30/2001

Expired

MIBORMLS #2018294

—
10/08/2001

Listed (Active)

MIBORMLS #2146797

$35,000
05/02/2000

Listed (Active)

MIBORMLS #2018294

$53,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1218 Union Street

Taxable ValueLand$7,000Additions$138,400Total$145,400
Tax Record2024$3,450 ($288 / month)
Home Facts
Total Finished SqFt2,524 SqFtAbove Grade Finished SqFt2,524 SqFtStories2Lot Size3,036 SqFtStyleMulti-Family Dwelling (2-4)Year Built1940ZoningZO01CountyMARIONAPN49-11-13-146-072.000-101

Schools near 1218 Union Street

This home is within Indianapolis Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - PK to 6
Public - PK to 6
Public - PK to 8
Rating
School
Distance
William McKinley School 39
PublicPK to 6

Eleanor Skillen Elementary School 34
PublicPK to 6

Christian Park School 82
PublicPK to 6

James A. Garfield School 31
PublicPK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1218 Union Street is a multi-family home for sale in Indianapolis, IN 46225. This property was listed for sale on October 9, 2025 by Highgarden Real Estate, it's currently listed at $191,900. It has been on the market for a total of 88 days and was last sold on July 26, 2013. This listing's school district is Indianapolis Public Schools. Nearby schools include William McKinley School 39, Eleanor Skillen Elementary School 34 and Christian Park School 82. 1218 Union Street is a 0-bed, 0-bath, multi-family home built in 1940.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Highgarden Real Estate

Based on information submitted to the MLS GRID as of 01/07/2026 07:44 PM. 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. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.