1220 Thompson Road

Indianapolis, IN 46227

$250,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

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.
  1. Listed by Matthew Ford • PMI Indianapolis • matthew@pmiindy.com

Property Details for 1220 Thompson Road

Subdivision Name
No Subdivision
Township
Perry

Location

Listing Courtesy of PMI Indianapolis
Add your commute
LISTING UPDATED: 04/22/2024 06:48 PM

Property Details for 1220 Thompson Road

StatusActive
MLS #21975234
Days on Market11
Taxes$2,736 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Triplex
Year Built1916
Lot Size0.71 AC / 30,927 SF
CountyMarion County

Location

Listing Courtesy of PMI Indianapolis
Add your commute

Building Information for 1220 Thompson Road

Stories-Residences3Year Built1916Building Size-Lot Size0.71 AC / 30,927 SF

Payment Calculator

$1,820 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,364

Property Taxes

$456

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1220 Thompson Road

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
  • 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
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 Thompson Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 1220 Thompson Road

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

Southport Middle School
Public7 to 8

Southport High School
Public9 to 12

Jeremiah Gray-Edison Elementary School
PublicPK to 5

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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1220 Thompson Road is a multi-family home for sale in Indianapolis, IN 46227. This property was listed for sale on April 22, 2024 by PMI Indianapolis, it's currently listed at $250,000. It has been on the market for a total of 11 days and was last sold on May 10, 2021. This listing's school district is Perry Township Schools. Nearby schools include Homecroft Elementary School, Southport Middle School and Southport High School. 1220 Thompson Road is a 0-bed, 0-bath, multi-family home built in 1916.

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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of PMI Indianapolis

Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.