Last Sold Price
2861 S Roena St, Indianapolis, IN 46241

Description

Great investment opportunity!.. Bring your Cash/Conv Buyers for a quick close. This 4-Plex sits on .24 acres (lot size 10411) which would allow for expansion to 9 units. The 4-Plex has 2 1-bdrm Units in front- housing 2 long term tenants- and 2 2-bdrm Vacant, move-in ready Units in rear- one was used as an AIRBNB and is ready for additional money making opportunities, or an owner can live in one unit and rent out the other 3 units. Rents are currently below market. The units have separate Gas Meters...Great investment opportunity!.. Bring your Cash/Conv Buyers for a quick close. This 4-Plex sits on .24 acres (lot size 10411) which would allow for expansion to 9 units. The 4-Plex has 2 1-bdrm Units in front- housing 2 long term tenants- and 2 2-bdrm Vacant, move-in ready Units in rear- one was used as an AIRBNB and is ready for additional money making opportunities, or an owner can live in one unit and rent out the other 3 units. Rents are currently below market. The units have separate Gas Meters and share electrical and water. The sale Includes 2851 S Roena- An Empty Lot in front that has already been permitted for a 3-bdrm house. There is also on-site Laundry with a coin-operated washer and dryer. Currently, taxes are $2518 per half. For Viewing- there will be a combination lock box on each vacant unit to access by this weekend 8/4/2024. We must give 48 hours notice to view 2 occupied tenant units, PLEASE DO NOT DISTURB THE TENANTS. Hurry in, this one will not last long! (Note: Video tours and additional photos are being processed and labeled for publishing on here soon).
LISTING CLOSED: 09/18/2024 12:00 AM

  1. Listed by Desi Jones • Pinnacle Group International
    P: (317) 545-4510 C: (317) 414-3634 d_g_i@msn.com

Property Details for 2861 South Roena Street

Status
MLS #
21993054
Days on Market
58
Taxes
$2,518 semi-annually
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential Income / Fourplex
Year Built
1939
Lot Size
0.24 AC / 10,454 SF
Subdivision Name
Marshill
Township
Wayne

Recent comparable sales

Median sold price

$230,000

Avg days on market

36

Sale-to-list ratio

92.2%

Indianapolis, IN

9 comparable properties found

$230,000 | 2955 Mars Hill Street, Indianapolis, IN 46241
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1

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Bedrooms
Unavailable
Bathrooms
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Square Feet
0.17
Acres
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Bathrooms
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Square Feet
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Acres
$253,000 | 1049 South Tremont Street, Indianapolis, IN 46221
1/40
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Sold 10/31/25

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Bathrooms
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Square Feet
0.11
Acres
$187,000 | 2834 South McClure Street, Indianapolis, IN 46241
1/4
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Sold 05/07/25

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$175,000 | 2409-11 South Lockburn Street, Indianapolis, IN 46241
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Bathrooms
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Square Feet
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Acres
$275,000 | 2986 South Roena Street, Indianapolis, IN 46241
1/60
6

$275,000

Sold 04/10/26

Unavailable
Bedrooms
Unavailable
Bathrooms
6,469
Square Feet
0.77
Acres
$135,000 | 2850 South McClure Street, Indianapolis, IN 46241
1/45
7

$135,000

Sold 11/04/24

Unavailable
Bedrooms
Unavailable
Bathrooms
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Square Feet
0.24
Acres
$220,000 | 635 South Norfolk Street, Indianapolis, IN 46241
1/44
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$220,000

Sold 10/07/25

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Bedrooms
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Bathrooms
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Square Feet
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Acres
$265,000 | 2715 West Washington Street, Indianapolis, IN 46222
1/2
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Sold 05/02/25

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Bedrooms
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Bathrooms
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Square Feet
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Acres

Location

Listing Courtesy of Pinnacle Group International

Sold By @properties

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Building Information for 2861 South Roena Street

Stories-Residences4Year Built1939Building Size-Lot Size0.24 AC / 10,454 SF

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Principal and Interest

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Property Taxes

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HOA Dues

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Property Information for 2861 South Roena Street

Summary
Location and General Information
  • City: Indianapolis
  • County Or Parish: Marion
  • Directions: GPS Friendly
  • Postal Code: 46241
  • Postal Code Plus4: 5926
  • Road Access: Not Applic
  • State Or Province: IN
Taxes and HOA Information
  • Parcel Number: 491120108006000900
  • Semi Annual Property Tax Amt: 2518
  • Tax Year: 2023
  • TaxLot: 900
School Information
  • School District: MSD Wayne Township
Owner
  • Owner Pays: Electricity, Water
Property
Lot Information
  • Acreage: <1/4 Acre
  • Current Use: Residential
  • Lot Size Square Feet: 10411.0
  • Lot Size Acres: 0.24
  • New Construction: False
  • Year Built Numeric: 1939
  • Living Area Source: Assessor
Property and Assessments
  • Affected by Disclosures: No
  • Conversion: Yes
  • DPRYN: No
  • Legal Subdivision: Mars Hill L147 & L148
  • Photos Count: 41
  • Property Sub Type: Fourplex
  • Property Type: Residential Income
  • Transaction Type: Sale
  • Buyer Financing: FHA
Green Features
  • Green Certification: No
Utilities
  • Solid Waste: Yes
Interior and Exterior Features
Interior Features
  • Basement YN: No
  • Cooling: Window Unit(s)
  • Levels: Two
Multi Family
Multi-Family Information
  • Total Units: 4
Income & Expenses
  • Expenses: 500
  • Gross Income: $4,400.00
Unit 1
  • Unit Kitchen: 80
  • Unit Levels: 1
  • Unit Rent Frequency: Monthly
Unit 2
  • Unit Kitchen: 80
  • Unit Levels: 1
  • Unit Rent Frequency: Monthly
Unit 3
  • Unit Kitchen: 80
  • Unit Levels: 1
  • Unit Rent Frequency: Monthly
Unit 4
  • Unit Kitchen: 80
  • Unit Levels: 1
  • Unit Rent Frequency: Monthly
Rental
Rental Information
  • Tenant Pays: Gas

Property History for 2861 South Roena Street

DateEvent & SourcePriceAppreciation
Sep 18, 2024

Sold

MIBORMLS #21993054

$300,000
Aug 5, 2024

Pending

MIBORMLS #21993054

Jun 7, 2024

Listed (Active)

MIBORMLS #21993054

$300,000
DateEvent & SourcePrice
09/18/2024

Sold

MIBORMLS #21993054

$300,000
08/05/2024

Pending

MIBORMLS #21993054

06/07/2024

Listed (Active)

MIBORMLS #21993054

$300,000

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

Public Records for 2861 South Roena Street

Taxable ValueLand$22,500Additions$370,300Total$392,800
Tax Record2025$6,329 ($527 / month)
Home Facts
Baths3Total Finished SqFt3,054 SqFtAbove Grade Finished SqFt3,054 SqFtStories2Lot Size10,411 SqFtStyleMiscellaneous CommercialYear Built1939Year Renovated1990ZoningZO01CountyMARIONAPN49-11-20-108-006.000-900

Schools near 2861 South Roena Street

This home is within M S D Wayne Township.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 8
Public - 9
Public - 10 to 12
Rating
School
Distance
Stout Field Elementary School
PublicPK to 6

Lynhurst 7th & 8th Grade Center
Public7 to 8

Ben Davis Ninth Grade Center
Public9

Ben Davis High School
Public10 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

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 Pinnacle Group International

Based on information submitted to the MLS GRID as of 10/16/2024 06:05 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.