OFF MARKET

Off Market Oct 2024 for $215K

$247,288

•

3666 ba

•

3,786,800

sq ft

1220 E Thompson Rd, Indianapolis, IN 46227

About this home

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.

Multi-familyProperty Type

1916Year Built

0.71 acresLot Size

2 car garageParking

Listed by Matthew Ford • PMI Indianapolis

Contact: matthew@pmiindy.com

Bought with Denis O'Brien • Keller Williams Indy Metro Partners

Redfin checked: 2 minutes ago

•Source:MIBOR as Distributed by MLS Grid #21975234

Redfin Estimate

$247,288

$32K since sold in October 2024$1,000 since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 0.6% higher than the average sale price ($246K) of 6 comparable homes.

SOLD JUL 10, 2026
$315,000
A
4 beds8 baths4,832 sq ft
1637 Lawrence Ave, Indianapolis, IN 46227
SOLD JAN 27, 2026
$175,000
B
3 beds2 baths2,402 sq ft
1625 E Thompson Rd, Indianapolis, IN 46227
SOLD APR 3, 2026
$250,000
C
4 beds2 baths1,800 sq ft
3903 Bartlett Ave, Indianapolis, IN 46227
SOLD MAR 13, 2026
$270,000
D
4 beds2 baths3,166 sq ft
3143 Carson Ave, Indianapolis, IN 46227
SOLD JUN 5, 2026
$245,000
E
3 beds1.5 baths2,400 sq ft
3624 Brill Rd, Indianapolis, IN 46227
SOLD AUG 14, 2026
$220,000
F
4 beds4 baths2,400 sq ft
955 E Mills Ave, Indianapolis, IN 46227

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Earn from this home

Sell

$65,009

Est. take-home

List your home with Redfin and save $2,473

Market trends in 46227, IN

Last updated August 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

97.7%

0.4% MoM

Median sale price

$240K

$5K MoM

Avg. days on market

19d

3 days MoM

Recently sold homes

158

11 MoM

New listings for sale

NEW 5 HRS AGO
$249,900
3 beds2 baths1,336 sq ft
3408 Cold Harbor Dr, Indianapolis, IN 46227
NEW 13 HRS AGO
$349,900
3 beds2.5 baths2,744 sq ft
2202 Redfern Dr, Indianapolis, IN 46227
NEW 21 HRS AGO
$292,000
3 beds1 bath2,634 sq ft
6021 Shelby St, Indianapolis, IN 46227
NEW 23 HRS AGO
$332,000
5 beds6 baths5,172 sq ft
1902 Lawrence Ave, Indianapolis, IN 46227
NEW 26 HRS AGO
$240,000
3 beds1 bath2,180 sq ft
827 E Mills Ave, Indianapolis, IN 46227
NEW 27 HRS AGO
$229,900
3 beds1.5 baths2,028 sq ft
506 Lawrence Ave, Indianapolis, IN 46227
NEW 27 HRS AGO
$269,000
4 beds2 baths1,816 sq ft
3602 Redwood Dr, Indianapolis, IN 46227
$215,000
2 beds1 bath1,370 sq ft
6105 Homestead Dr, Indianapolis, IN 46227
$285,000
5 beds3.5 baths4,202 sq ft
8724 Shelby St, Indianapolis, IN 46227
$170,000
3 beds1 bath912 sq ft
1515 E Mills Ave, Indianapolis, IN 46227
See all

Provided by Redfin

Sale history for 1220 E Thompson Rd

Date

Event

Price

MIBOR as Distributed by MLS Grid #21975234

Oct 10, 2024

Sold

$215,000

$0/sq ft

Sep 2, 2024

Pending

—

Aug 16, 2024

Price Changed

$235,000

$0/sq ft

Jun 21, 2024

Relisted

—

Jun 10, 2024

Pending

—

May 29, 2024

Price Changed

$240,000

$0/sq ft

Apr 22, 2024

Listed

$250,000

$0/sq ft

MIBOR as Distributed by MLS Grid #21775021

May 10, 2021

Sold

$214,000

$0/sq ft

Apr 7, 2021

Pending

—

Apr 2, 2021

Listed

$225,000

$0/sq ft

+28

Attn Investors! Hard to find triplex with lots of updates on a huge .71 acre lot. Entire main floor is one unit. 2 BR / 1 Ba, refinished hardwood floors through family room & bedrooms, new kitchen floors, updated bathroom, double doors leading to sunroom. New furnace for main floor. Unfinished basement w/ laundry hookup. Upstairs has 2 separate apartments. 1 BR / 1 Ba each. New carpet, new bathrooms, freshly painted, new doors. One unit with all new kit. Baseboard heat upstairs. 2 car detached garage. All electrical throughout is new. Most plumbing is new. Exterior freshly painted (Mar ’21)

MIBOR as Distributed by MLS Grid #21582605

Jan 4, 2019

Listing Removed

—

Sep 5, 2018

Price Changed

$900

$0/sq ft

Aug 20, 2018

Price Changed

$1,000

$0/sq ft

Jul 19, 2018

Listed

$1,450

$0/sq ft

MIBOR as Distributed by MLS Grid #21576512

Jun 25, 2018

Listed

$150,000

$0/sq ft

Jun 25, 2018

Sold

$100,000

$0/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$5,704 (−11.2%)

$19,700 + $195,300

$215,000

2024

$6,422 (+4.3%)

$19,700 + $223,800

$243,500

2023

$6,156 (+8.3%)

$19,700 + $223,800

$243,500

2022

$5,684 (+18.2%)

$19,700 + $213,400

$233,100

2021

$4,807 (+9.3%)

$19,700 + $157,000

$176,700

2020

$4,398 (+11.9%)

$19,700 + $157,000

$176,700

2019

$3,930 (+3.4%)

$19,700 + $140,500

$160,200

2018

$3,802 (−3.4%)

$9,000 + $132,700

$141,700

2017

$3,936 (−3.5%)

$9,000 + $134,700

$143,700

2016

$4,078 (+5.2%)

$9,000 + $134,700

$143,700

2015

$3,878 (+7.4%)

$9,000 + $140,100

$149,100

2014

$3,611 (−0.5%)

$9,000 + $143,600

$152,600

2013

$3,628

$9,000 + $139,200

$148,200

Tax history for 1220 E Thompson Rd

Year

Property tax

Land + Additions

Assessment*

2025

$5,704 (−11.2%)

$19,700 + $195,300

$215,000

2024

$6,422 (+4.3%)

$19,700 + $223,800

$243,500

2023

$6,156 (+8.3%)

$19,700 + $223,800

$243,500

2022

$5,684 (+18.2%)

$19,700 + $213,400

$233,100

2021

$4,807 (+9.3%)

$19,700 + $157,000

$176,700

2020

$4,398 (+11.9%)

$19,700 + $157,000

$176,700

2019

$3,930 (+3.4%)

$19,700 + $140,500

$160,200

2018

$3,802 (−3.4%)

$9,000 + $132,700

$141,700

2017

$3,936 (−3.5%)

$9,000 + $134,700

$143,700

2016

$4,078 (+5.2%)

$9,000 + $134,700

$143,700

2015

$3,878 (+7.4%)

$9,000 + $140,100

$149,100

2014

$3,611 (−0.5%)

$9,000 + $143,600

$152,600

2013

$3,628

$9,000 + $139,200

$148,200

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning
Permits

Beds

Baths

0.5

Stories

Lot width

80 ft.

Lot depth

388 ft.

Lot size

0.71 Acres

Year renovated

1916

Sq. Ft.

2,251

Year built

1916

Style

Multi-Family (2-4 Unit)

County

Marion County

APN

491031113033000500

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 29, 2026.

TOD

METRO

Dwelling District Three

The D-3 District provides for low or medium intensity residential development. Land in this District should have good thoroughfare access, be relatively flat in topography, and be afforded pedestrian linkages to community and neighborhood services and facilities (schools, parks, shopping areas, etc.). Recreational facilities developed for the neighborhood complement the treed yards on the individual lots. Predominantly single-family detached dwellings are envisioned with two-family dwellings on corner lots in this District. The D-3 District has a typical density of 2.6 units per gross acre. This District fulfills the low density residential classification of the Comprehensive General Land Use Plan. All public utilities and facilities must be present. Development plans, which may include the use of clustering, should incorporate and promote environmental and aesthetic considerations, working within the constraints and advantages presented by existing site considerations, including vegetation, topography, drainage and wildlife.

Zone overlays

Transit Oriented Development Secondary Zoning District
Metro Context Area

Permitted uses

Include but are not limited to:

Housing-Group
Housing-Single unit
Housing-Multiple units
Communications tower
Housing-Mobile home park
Park & open space

Property details

Parking

Parking Information
Unit Parking: 2 Car Garage
Parking Features: Detached
Garage Spaces: 2

Interior

Basement Information
Has Basement

Multi-Family Financial Information
Owner Pays: All Utilities
Gross Income: 2965
Expenses: 0

Multi-Unit Information
# of Units: 3

Unit Type 1 Information
Kitchen: 150
Levels: 1
Miscellaneous: Range/Oven, Refrigrater
Rent: 913
Rent Frequency: Monthly
Utilities: Other
Unit Type: 1 Bedroom

Unit Type 2 Information
Kitchen: 200
Levels: 1
Miscellaneous: Range/Oven,Refrigrater
Rent: 1239
Rent Frequency: Monthly
Utilities: Cl Cntrl Air,Cl Heat Pump
Unit Type: 2 Bedroom

Unit Type 3 Information
Kitchen: 150
Levels: 1
Miscellaneous: Range/Oven,Refrigrater
Rent Frequency: Monthly
Rent: 813
Utilities: Other
Unit Type: 1 Bedroom

Exterior

Property Features
Conversion: Yes

Property Information
Property Type: Residential Income
Property Sub Type: Triplex

Land Information
Current Use: Residential
Acres: 1/2-1 Acre

Lot Information
Lot Size Acres: 0.71
Road Access: Not Applic

Utilities

Utility Information
Solid Waste Information: Yes

Location

School Information
High School District: Indianapolis Public Schools

Location Information
Directions: GPS Friendly
Tax Legal Description: Longacre Add Pt L39 Beg 836.25Ft E & 10Ft Nof Sw Cor N 390Ft E80ft S 385Ft Sw 80.16Ftto Beg .714Ac

Public facts

Beds: 5
Baths: 0.5
Sq. Ft.: 2,251
Stories: 2.0
Lot Size: 0.71 acres
Style: Multi-Family (2-4 Unit)
Year Built: 1916
Year Renovated: 1916
County: Marion County
APN: 491031113033000500

Home facts updated by county records on Jul 29, 2026

Other

Listing Information
Attribution Contact: matthew@pmiindy.com

Green Information
Green Certification YN: No

Home Information
Levels: Two

Around this home

Schools

Southport 6th Grade Academy

Public 6 • Assigned • 1.1mi

4/10

Southport High School

Public 9-12 • Assigned • 1.6mi

5/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

4/10 Heat Factor

7 days above 101° expected this year, 19 days in 30 years

2/10 Wind Factor

1% chance of strong winds in next 30 years

3/10 Air Factor

2 unhealthy days expected this year, 3 days in 30 years

Provided by First Street

Historical weather

Indianapolis, IN • 46227

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.7 hours in June and 3.3 hours in December, placing it below the U.S. average for solar exposure.

9.7 hrs

3.3 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$235,000 – $285,000

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Home values near 1220 E Thompson Rd

Data from public records.

Address	Redfin Estimate
1254 E Thompson Road, Indianapolis, IN 3 Beds \| 3 Baths \| 3296 Sq. Ft.	$279,914
1230 E Thompson Road, Indianapolis, IN 4 Beds \| 2 Baths \| 2404 Sq. Ft.	$244,279

Address	Redfin Estimate
1103 E Thompson Road, Indianapolis, IN 3 Beds \| 1 Baths \| 2173 Sq. Ft.	—
1262 E Thompson Road, Indianapolis, IN 3 Beds \| 2 Baths \| 1248 Sq. Ft.	$266,824

Address	Redfin Estimate
1246 E Thompson Road, Indianapolis, IN 2 Beds \| - Baths \| 1060 Sq. Ft.	$189,140
1270 E Thompson Road, Indianapolis, IN 3 Beds \| - Baths \| 1284 Sq. Ft.	$201,949

Property information provided by MIBOR as Distributed by MLS Grid when last listed in 2024. This data may not match . Learn more.

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