301 E Southern Ave

Indianapolis, IN 46225

$205,000
Price
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Beds
—
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
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per Sq. Ft.
Listed By Compass
Listed By Compass

Description

Don't miss this exceptional duplex located in the highly desirable Garfield Park area! With significant investment and revitalization efforts underway, this is a prime opportunity to secure a property in a flourishing neighborhood. Perfect for a first-time homebuyer that wants to use a renovation loan to buy and renovate, or an newer investor that could live on one side and rent the other side out. This duplex is currently occupied by tenants who are on a month-to-month lease, providing $1,950 total/month,...Don't miss this exceptional duplex located in the highly desirable Garfield Park area! With significant investment and revitalization efforts underway, this is a prime opportunity to secure a property in a flourishing neighborhood. Perfect for a first-time homebuyer that wants to use a renovation loan to buy and renovate, or an newer investor that could live on one side and rent the other side out. This duplex is currently occupied by tenants who are on a month-to-month lease, providing $1,950 total/month, with market rent potential of $2,420 total/month. Addresses are 301 and 303 E Southern Ave. Recent updates to the property include a newer roof, fresh paint, modern light fixtures, updated appliances, and renovated kitchen and bathroom, ensuring it's attractive to tenants and requires minimal upkeep. Located conveniently on the west side, this property offers easy access to a variety of amenities, including schools, parks, and shopping centers. Enjoy seamless connectivity to S Meridian St, Raymond St, Madison Ave, and highways I-70/65. Major employment hubs such as 16 Tech, IU Health Methodist Hospital, Eli Lilly, and downtown Indianapolis are just a short commute away, enhancing the property's desirability.

Listing Agent

  1. Andy Tresize

    Andy Tresize

    Listing Agent

    Compass

    andy.tresize@compass.com

    P: (317)-701-4289

    CallTextEmail

Property Details for 301 East Southern Avenue

Architectural Style
Traditional
Subdivision Name
No Subdivision
Township
Center
LISTING UPDATED: 11/02/2025 09:46 AM

Property Details for 301 East Southern Avenue

StatusActive
MLS #22038501
Days on Market151
Taxes$2,236 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1920
Lot Size0.25 AC / 10,890 SF
CountyMarion County

Location

Add your commute

Building Information for 301 East Southern Avenue

Stories-Residences2Year Built1920Building Size-Lot Size0.25 AC / 10,890 SF

Payment Calculator

$1,386 per month

30 year fixed, 6.28% Interest

Principal and Interest

$1,013

Property Taxes

$373

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 301 East Southern Avenue

Summary
Location and General Information
  • City: Indianapolis
  • County Or Parish: Marion
  • Directions: GPS Friendly
  • Postal Code: 46225
  • Postal Code Plus4: 2122
  • Road Access: Street Cuts
  • Road Frontage Type: City Street
  • State Or Province: IN
Taxes and HOA Information
  • Parcel Number: 491124131028000101
  • Semi Annual Property Tax Amt: 2236
  • Tax Year: 2024
  • TaxLot: 0
School Information
  • School District: Indianapolis Public Schools
Owner
  • Owner Pays: Insurance, Taxes
Property
Lot Information
  • Acreage: 1/4-1/2 Acre
  • Current Use: Apt<20
  • Lot Size Square Feet: 11021.0
  • Lot Size Acres: 0.25
  • New Construction: False
  • Structure Type: Duplex
  • Year Built Numeric: 1920
  • Living Area Source: Assessor
Property and Assessments
  • Affected by Disclosures: No
  • Conversion: No
  • DPRYN: Yes
  • Legal Subdivision: Pt Sw1/4 S24 T15 R3 605.26' W Ne Cor P.O.B. W62' S178.43' E62' N178.43' To Beg 0.25 Ac
  • Photos Count: 2
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Road Surface Type: Asphalt
  • Transaction Type: Sale
  • Property Condition: Updated/Remodeled
Utilities
  • Building Utilities: Municipal Storm Connected,Water
  • Solid Waste: No
Interior and Exterior Features
Exterior Features
  • Construction Materials: Wood Siding
  • Foundation Details: Block
  • Roof: Asphalt
Interior Features
  • Basement Description: Unfinished
  • Basement YN: Yes
  • Heating: Forced Air, Natural Gas
  • Levels: Two
Multi Family
Multi-Family Information
  • Total Units: 2
  • Garage Parking: On Street
Income & Expenses
  • Expenses: 12412
  • Gross Income: $22,800.00
Unit 1
  • Unit Kitchen: 16x13
  • Unit Levels: 2
  • Unit Miscellaneous: Range/Oven,Refrigerator
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Fuel Gas,Heat Forced,Hot Wtr Gas
  • Unit Type Type: 2 Bedroom
Unit 2
  • Unit Kitchen: 16x13
  • Unit Levels: 2
  • Unit Miscellaneous: Range/Oven,Refrigerator
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Fuel Gas,Heat Forced,Hot Wtr Gas
  • Unit Type Type: 2 Bedroom
Rental
Rental Information
  • Tenant Pays: All Utilities

Property History for 301 East Southern Avenue

DateEvent & SourcePriceAppreciation
Jul 16, 2025

Listed (Active)

MIBORMLS #22038501

$205,000—
Aug 27, 2012

Expired

MIBORMLS #21162928

—
Feb 27, 2012

Listed (Active)

MIBORMLS #21162928

$49,900—
Dec 1, 2011

Sold (Public Record)

Public Record #322125227

$7,900

-17.5% / yr

Sep 12, 2010

Expired

MIBORMLS #21020425

—
Apr 15, 2010

Listed (Active)

MIBORMLS #21020425

$49,900—
May 16, 2006

Sold

MIBORMLS #2570396

$24,000—
May 12, 2006

Sold (Public Record)

Public Record #238713499

$23,000—
May 3, 2006

Pending

MIBORMLS #2570396

—
Nov 17, 2005

Listed (Active)

MIBORMLS #2570396

$44,900—
DateEvent & SourcePrice
07/16/2025

Listed (Active)

MIBORMLS #22038501

$205,000
08/27/2012

Expired

MIBORMLS #21162928

—
02/27/2012

Listed (Active)

MIBORMLS #21162928

$49,900
12/01/2011

Sold (Public Record)

Public Record #322125227

$7,900

-17.5% / yr

09/12/2010

Expired

MIBORMLS #21020425

—
04/15/2010

Listed (Active)

MIBORMLS #21020425

$49,900
05/16/2006

Sold

MIBORMLS #2570396

$24,000
05/12/2006

Sold (Public Record)

Public Record #238713499

$23,000
05/03/2006

Pending

MIBORMLS #2570396

—
11/17/2005

Listed (Active)

MIBORMLS #2570396

$44,900

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

Public Records for 301 East Southern Avenue

Taxable ValueLand$13,000Additions$160,800Total$173,800
Tax Record2024$4,124 ($344 / month)
Home Facts
Total Finished SqFt1,218 SqFtAbove Grade Finished SqFt1,218 SqFtStories2Lot Size11,021 SqFtStyleMulti-Family Dwelling (2-4)Year Built1920ZoningZO01CountyMARIONAPN49-11-24-131-028.000-101

Schools near 301 East Southern Avenue

This home is within Indianapolis Public Schools.
Rating
School
Type
Grades
Distance
William McKinley School 39
Public - PK to 6
Christian Park School 82
Public - PK to 6
Ralph Waldo Emerson School 58
Public - PK to 6
Eleanor Skillen Elementary School 34
Public - PK to 6
Rating
School
Distance
William McKinley School 39
PublicPK to 6

Christian Park School 82
PublicPK to 6

Ralph Waldo Emerson School 58
PublicPK to 6

Eleanor Skillen Elementary School 34
PublicPK to 6

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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More information about 301 East Southern Avenue, Indianapolis, IN 46225

301 East Southern Avenue is a multi-family home for sale in Indianapolis, IN 46225. This property was listed for sale on July 16, 2025 by Compass, it's currently listed at $205,000. It has been on the market for a total of 151 days and was last sold on December 1, 2011. This listing's school district is Indianapolis Public Schools. Nearby schools include William McKinley School 39, Christian Park School 82 and Ralph Waldo Emerson School 58. 301 East Southern Avenue is a 0-bed, 0-bath, multi-family home built in 1920.

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 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.

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 12/15/2025 06:30 PM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.