413 S Main St

Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Investor opportunity in the heart of Lapel! This well-maintained duplex at 413-415 S Main Street offers a strong rental history and excellent income-producing potential. Whether you're looking to expand your investment portfolio or take advantage of owner-occupancy by living in one unit while renting the other, this property provides flexibility and long-term value. Each unit features 1 bedroom, 1 full bathroom, and a detached 1-car garage, providing comfortable living space and added convenience...Investor opportunity in the heart of Lapel! This well-maintained duplex at 413-415 S Main Street offers a strong rental history and excellent income-producing potential. Whether you're looking to expand your investment portfolio or take advantage of owner-occupancy by living in one unit while renting the other, this property provides flexibility and long-term value. Each unit features 1 bedroom, 1 full bathroom, and a detached 1-car garage, providing comfortable living space and added convenience for tenants or owner-occupants. Utilities are separately metered, making management simple and efficient while allowing tenants to pay their own utility expenses. Ideally located near local amenities, parks, schools, and major commuter routes, this property benefits from established rental demand and multiple ownership opportunities. Don't miss your chance to own a versatile income-producing property with proven rental history and long-term potential.
  1. Listed by Ray Podesta • Stone & Gable Realty
    P: (317)-538-3226 C: (317)-538-3226 ray@stoneandgable.com

Property Details for 413 South Main Street

Architectural Style
Bungalow
Subdivision Name
No Subdivision
Township
Stony Creek
Waterfront
No
LISTING UPDATED: 06/24/2026 01:22 PM

Property Details for 413 South Main Street

StatusPending
MLS #22109439
Days on Market4
Taxes$1,344 semi-annually
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1951
Lot Size0.20 AC / 8,712 SF
CountyMadison County

Location

Listing Courtesy of Stone & Gable Realty
Add your commute

Building Information for 413 South Main Street

Stories-Residences2Year Built1951Building Size-Lot Size0.20 AC / 8,712 SF

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$1,220 per month

30 year fixed, 6.36% Interest

Principal and Interest

$996

Property Taxes

$224

HOA Dues

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Property Information for 413 South Main Street

Summary
Location and General Information
  • City: Lapel
  • County Or Parish: Madison
  • Directions: GPS Friendly
  • Postal Code: 46015
  • Road Access: Not Applic
  • State Or Province: IN
  • View: No
Taxes and HOA Information
  • Parcel Number: 481028401120000032
  • Semi Annual Property Tax Amt: 1344
  • Tax Year: 2025
  • TaxLot: 163
School Information
  • Elementary School: Lapel Elementary School
  • High School: Lapel Sr High School
  • Middle Or Junior School: Lapel Middle School
  • School District: Frankton-Lapel Community Schools
Parking
  • Garage Spaces: 2.0
Property
Lot Information
  • Acreage: <1/4 Acre
  • Current Use: Residential
  • Lot Size Square Feet: 8712.0
  • Lot Size Acres: 0.2
  • New Construction: False
  • Structure Type: Duplex
  • Year Built Numeric: 1951
  • Living Area Source: Assessor
Property and Assessments
  • Affected by Disclosures: No
  • Conversion: No
  • DPRYN: Yes
  • Legal Subdivision: Woodwards 5th 0.0000Acres Str: 00000 Section: Plat: 00 In: Out:
  • Photos Count: 27
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Transaction Type: Sale
Utilities
  • Solid Waste: No
Interior and Exterior Features
Interior Features
  • Basement YN: No
Multi Family
Multi-Family Information
  • Total Units: 2
  • Garage Parking: 1 Car Garage
Income & Expenses
  • Expenses: 0
  • Gross Income: $1,400.00
Unit 1
  • Unit Kitchen: 15x12
  • Unit Levels: 1
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Cl Cntrl Air,Fuel Gas,Heat Forced
  • Unit Type Type: 1 Bedroom
Unit 2
  • Unit Kitchen: 15x12
  • Unit Levels: 1
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Cl Cntrl Air,Fuel Gas,Heat Forced
  • Unit Type Type: 1 Bedroom

Property History for 413 South Main Street

DateEvent & SourcePriceAppreciation
Jun 24, 2026

Pending

MIBORMLS #22109439

Jun 21, 2026

Listed (Active)

MIBORMLS #22109439

$199,900
DateEvent & SourcePrice
06/24/2026

Pending

MIBORMLS #22109439

06/21/2026

Listed (Active)

MIBORMLS #22109439

$199,900

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

Schools near 413 South Main Street

This home is within South Madison Com Sch Corp.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 8
Public - 9 to 12
Rating
School
Distance
Pendleton Elementary School
PublicPK to 6

Pendleton Heights Middle School
Public7 to 8

Pendleton Heights 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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Listing Courtesy of Stone & Gable Realty

Based on information submitted to the MLS GRID as of 06/24/2026 01:22 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.