837 West Roache Street

Indianapolis, IN 46208

$194,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Discover a unique investment opportunity in the heart of downtown Indianapolis. This income-flowing duplex, perfectly positioned near the Children's Museum, Riverside Park, and Newfields, offers a strategic blend of cultural richness and urban convenience. Featuring a 2-bedroom unit on one side and a 3-bedroom unit on the other, both currently tenant-occupied, this property provides immediate returns on your investment. Recent updates including a new roof, water heater, and furnace, allowing you...Discover a unique investment opportunity in the heart of downtown Indianapolis. This income-flowing duplex, perfectly positioned near the Children's Museum, Riverside Park, and Newfields, offers a strategic blend of cultural richness and urban convenience. Featuring a 2-bedroom unit on one side and a 3-bedroom unit on the other, both currently tenant-occupied, this property provides immediate returns on your investment. Recent updates including a new roof, water heater, and furnace, allowing you to focus on maximizing your investment. With leases extending through February 2025 for unit 837 and October 2024 for unit 839, stability is already built-in. Property includes 2 lots, lot #9 and #10. Home sits on lot #10 and lot #9 is vacant and could be utilized for a future sale or potential residential development. For those looking to expand their portfolio, consider the potential to bundle this purchase with the adjacent listing at 1062/1064 W Roache Street, offering an even more significant opportunity for growth and revenue. This duplex is a gateway to a vibrant lifestyle and a thriving investment future in one of Indianapolis's most sought-after locations. Don't let this chance slip through your fingers. Schedule your showing now to take the first step towards securing your piece of Indianapolis's vibrant heart.
  1. Listed by Eric Forney • Keller Williams Indy Metro S • sold@forneygroup.com
  2. Listed by Lauren Forney • Keller Williams Indy Metro S

Property Details for 837 West Roache Street

Architectural Style
TraditonalAmerican
Subdivision Name
A L Roaches
Township
Center

Location

Listing Courtesy of Keller Williams Indy Metro S
Add your commute
LISTING UPDATED: 04/09/2024 06:08 PM

Property Details for 837 West Roache Street

StatusActive
MLS #21967118
Days on Market40
Taxes$1,345 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1910
Lot Size0.17 AC / 7,405 SF
CountyMarion County

Location

Listing Courtesy of Keller Williams Indy Metro S
Add your commute

Building Information for 837 West Roache Street

Stories-Residences2Year Built1910Building Size-Lot Size0.17 AC / 7,405 SF

Payment Calculator

$1,283 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,059

Property Taxes

$224

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 837 West Roache Street

Summary
Location and General Information
  • City: Indianapolis
  • County Or Parish: Marion
  • Directions: 65N to 21st Street, left on W 21st, right on Dr Martin Luter King, Left on Roache to home on the right.
  • Postal Code: 46208
  • Postal Code Plus4: 5438
  • Road Access: See Remarks
  • State Or Province: IN
Taxes and HOA Information
  • Parcel Number: 490626149256000101
  • Semi Annual Property Tax Amt: 1345
  • Tax Year: 2022
  • TaxLot: 9 & 10
School Information
  • Middle Or Junior School: Northwest Community Middle School
  • School District: Indianapolis Public Schools
Property
Lot Information
  • Acreage: <1/4 Acre
  • Current Use: Residential
  • Lot Description: Access, Curbs, Sidewalks, Street Lights, Mature Trees
  • Lot Size Square Feet: 7500.0
  • Lot Size Acres: 0.17
  • New Construction: False
  • Structure Type: Duplex
  • Year Built Numeric: 1910
  • Living Area Source: Assessor
Property and Assessments
  • Affected by Disclosures: No
  • Conversion: No
  • Inspection Warranties: Not Applicable
  • Legal Subdivision: A L Roaches North Indianapolis Add L9 & L10 B29
  • Photos Count: 20
  • Property Attached: No
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Transaction Type: Sale
Green Features
  • Green Certification: No
Utilities
  • Solid Waste: Yes
Interior and Exterior Features
Exterior Features
  • Construction Materials: Stone, Vinyl Siding
  • Foundation Details: Block, Crawl Space
  • Roof: See Remarks
  • Fencing: Fence Complete, Fence Full Rear, Privacy, Front Yard
Interior Features
  • Basement YN: Yes
  • Cooling: Separate Meters
  • Heating: Forced Air
  • Levels: Two
  • Laundry Features: Connections All
Multi Family
Multi-Family Information
  • Total Units: 2
  • Garage Parking: On Street
Income & Expenses
  • Expenses: 0
  • Gross Income: $.00
Unit 1
  • Unit Kitchen: 12x12
  • Unit Levels: 2
  • Unit Miscellaneous: Eat In Kitchen,Lndry Conn,Range/Oven,Refrigrater
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Fuel Gas,Heat Forced,Hot Wtr Gas
  • Unit Type Type: 2 Bedroom
Unit 2
  • Unit Kitchen: 12x12
  • Unit Levels: 2
  • Unit Miscellaneous: Eat In Kitchen,Lndry Conn,Range/Oven
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Fuel Gas,Heat Forced,Hot Wtr Gas
  • Unit Type Type: 3 Bedroom
Rental
Rental Information
  • Tenant Pays: All Utilities, Electricity, Trash Collection

Property History for 837 West Roache Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 837 West Roache Street

Taxable ValueLand$19,300Additions$122,500Total$141,800
Tax Record2022$3,204 ($267 / month)
Home Facts
Beds3Total Finished SqFt1,172 SqFtAbove Grade Finished SqFt1,172 SqFtStories2Lot Size7,500 SqFtStyleCondominiumYear Built1910ZoningZO01CountyMARIONAPN49-06-26-149-256.000-101

Schools near 837 West Roache Street

This home is within Indianapolis Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Elder W. Diggs School 42
PublicPK to 6

Northwest Community High School (7-8)
Public7 to 8

Arsenal Technical 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.

Similar Homes

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837 West Roache Street is a multi-family home for sale in Indianapolis, IN 46208. This property was listed for sale on March 8, 2024 by Keller Williams Indy Metro S, it's currently listed at $194,000. It has been on the market for a total of 40 days and was last sold on September 18, 2020. This listing's school district is Indianapolis Public Schools. Nearby schools include Elder W. Diggs School 42, Northwest Community High School (7-8) and George Washington Community High School (9-12). 837 West Roache Street is a 0-bed, 0-bath, multi-family home built in 1910.

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 Keller Williams Indy Metro S

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.