Sold
Last Sold Price
1220 E Thompson Rd, Indianapolis, IN 46227
Multi FamilyProperty Type
0.71 acresLot Size
1916Year Built
2 carsParking Spaces

Description

Discover an exceptional investment in the thriving neighborhood near Edgewood with this fully occupied triplex. Featuring two cozy upstairs units, each offering 1 bedroom and 1 bathroom, alongside a spacious 2-bedroom, 1-bathroom unit on the first floor, this property presents a diverse range of living options. Enjoy the convenience of steady rental income from all three units, coupled with the allure of a sought-after location close to local amenities and attractions. Seize this prime opportunity...Discover an exceptional investment in the thriving neighborhood near Edgewood with this fully occupied triplex. Featuring two cozy upstairs units, each offering 1 bedroom and 1 bathroom, alongside a spacious 2-bedroom, 1-bathroom unit on the first floor, this property presents a diverse range of living options. Enjoy the convenience of steady rental income from all three units, coupled with the allure of a sought-after location close to local amenities and attractions. Seize this prime opportunity to own a profitable piece of real estate in a bustling community.
  • Listed by: Matthew Ford 317.572.7036 matthew@pmiindy.com • PMI Indianapolis
Listing closed: 10/10/2024 12:00 AM • Source: MIBORMLS, MLS#: 21975234

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Listing Courtesy of PMI Indianapolis

Sold By Keller Williams Indy Metro S

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Property Information for 1220 East Thompson Road

Property Details
  • Taxes: $2,736 semi-annually
  • MLS Type: Residential Income / Triplex
  • Subdivision Name: No Subdivision
  • Township: Perry
Building Information
  • Residences: 3
  • Year Built: 1916
  • Lot Size: 0.71 AC / 30,927 SF
Summary
Location and General Information
  • City: Indianapolis
  • County Or Parish: Marion
  • Directions: GPS Friendly
  • Postal Code: 46227
  • Postal Code Plus4: 4267
  • Road Access: Not Applic
  • State Or Province: IN
Taxes and HOA Information
  • Parcel Number: 491031113033000500
  • Semi Annual Property Tax Amt: 2736
  • Tax Year: 2023
  • TaxLot: 5002061
School Information
  • School District: Indianapolis Public Schools
Owner
  • Owner Pays: All Utilities
Parking
  • Garage Spaces: 2.0
Property
Lot Information
  • Acreage: 1/2-1 Acre
  • Current Use: Residential
  • Lot Size Square Feet: 31058.0
  • Lot Size Acres: 0.71
  • New Construction: False
  • Year Built Numeric: 1916
  • Living Area Source: Assessor
Property and Assessments
  • Affected by Disclosures: No
  • Conversion: Yes
  • DPRYN: Yes
  • Legal Subdivision: Longacre Add Pt L39 Beg 836.25Ft E & 10Ft Nof Sw Cor N 390Ft E80ft S 385Ft Sw 80.16Ftto Beg .714Ac
  • Photos Count: 45
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Transaction Type: Sale
  • Buyer Financing: Conventional
Green Features
  • Green Certification: No
Utilities
  • Solid Waste: Yes
Interior and Exterior Features
Interior Features
  • Basement YN: Yes
  • Levels: Two
Multi Family
Multi-Family Information
  • Total Units: 3
  • Garage Parking: 2 Car Garage
Income & Expenses
  • Expenses: 0
  • Gross Income: $2,965.00
Unit 1
  • Unit Kitchen: 200
  • Unit Levels: 1
  • Unit Miscellaneous: Range/Oven,Refrigrater
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Cl Cntrl Air,Cl Heat Pump
  • Unit Type Type: 2 Bedroom
Unit 2
  • Unit Kitchen: 150
  • Unit Levels: 1
  • Unit Miscellaneous: Range/Oven,Refrigrater
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Other
  • Unit Type Type: 1 Bedroom
Unit 3
  • Unit Kitchen: 150
  • Unit Levels: 1
  • Unit Miscellaneous: Range/Oven,Refrigrater
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Other
  • Unit Type Type: 1 Bedroom
Rental
Rental Information
  • Tenant Pays: Other

Property History for 1220 East Thompson Road

DateEvent & SourcePriceAppreciation
Oct 10, 2024

Sold

MIBORMLS #21975234

$215,000—
Sep 2, 2024

Pending

MIBORMLS #21975234

—
Aug 16, 2024

Price Change

MIBORMLS #21975234

$235,000—
DateEvent & SourcePrice
10/10/2024

Sold

MIBORMLS #21975234

$215,000
09/02/2024

Pending

MIBORMLS #21975234

—
08/16/2024

Price Change

MIBORMLS #21975234

$235,000

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

Public Records for 1220 East Thompson Road

Taxable ValueLand$19,700Additions$223,800Total$243,500
Tax Record2024$6,198 ($517 / month)
Home Facts
Beds5Baths0.5Total Finished SqFt2,251 SqFtAbove Grade Finished SqFt2,251 SqFtStories2Lot Size31,058 SqFtStyleSingle Family ResidenceYear Built1916CountyMARIONAPN49-10-31-113-033.000-500Fireplace TypeMasonry

Schools near 1220 East Thompson Road

This home is within Perry Township Schools.
Rating
School
Type
Grades
Distance
Public - 1 to 5
Public - 6
Public - 7 to 8
Public - 9 to 12
Rating
School
Distance
Homecroft Elementary School
Public1 to 5

Southport 6th Grade Academy
Public6

Southport Middle School
Public7 to 8

Southport High School
Public9 to 12

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.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 1220 East Thompson Road, Indianapolis, IN 46227
$215,000
–
–
–
30,927
$207,500
4
2,404
31,581
–
–
–
9,216
30,586
$300,000
–
–
2,800
39,874
$215,000
2
1
1,856
32,017
–
–
–
2,655
27,957

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of PMI Indianapolis

Based on information submitted to the MLS GRID as of 10/16/2024 03:06 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.