Investment opportunity! Two-story duplex offering two spacious units. One unit features 3 bedrooms and 1.5 baths, while the second unit offers 4 bedrooms and 1.5 baths, with 4th bedroom on main level. The property also features backyard space and a detached 2-car garage. Convenient access to I-465 providing easy connectivity throughout Indianapolis with shopping, dining and other amenities nearby. Property is being sold AS-IS. Don't miss out on this opportunity to add this versatile multi-family property to your investment portfolio!
Multi-familyProperty Type
1966Year Built
0.3 acresLot Size
$122Price/Sq.Ft.
2 car garageParking
Listed by Lorraine Bent• Keller Williams Indy Metro Partners
2 story duplex. South side has 4 bedrooms and N side has 3 bedrooms. Each has 1.5 baths. Tenants share kitchen, baths, common space and detached 2 car garage. Great Investment opportunity! Owner collects $400 per room from each tenant.
MIBOR as Distributed by MLS Grid #2746954
Jan 17, 2008
Listing Removed
—
Jul 17, 2007
Listed
$159,000
$68/sq ft
MIBOR as Distributed by MLS Grid #2657968
Jul 16, 2007
Listing Removed
—
Sep 6, 2006
Listed
$159,000
$68/sq ft
MIBOR as Distributed by MLS Grid #2469636
Jun 30, 2005
Listing Removed
—
Dec 30, 2004
Listed
$172,000
$74/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$6,146 (+11.7%)
$12,400 + $242,800
$255,200
2024
$5,502
$12,400 + $213,300
$225,700
2023
$5,500 (+4.4%)
$12,400 + $213,300
$225,700
2022
$5,268 (+5.7%)
$12,400 + $213,300
$225,700
2021
$4,986 (+17.4%)
$12,400 + $165,300
$177,700
2020
$4,247 (+10.1%)
$12,400 + $165,300
$177,700
2019
$3,857 (+207.7%)
$12,400 + $138,100
$150,500
2018
$1,253 (−1.4%)
$12,400 + $123,800
$136,200
2017
$1,271 (+4.8%)
$6,200 + $69,700
$75,900
2016
$1,213 (+17.2%)
$6,200 + $69,700
$75,900
2015
$1,035 (+29.7%)
$6,200 + $66,300
$72,500
2014
$798 (−8.8%)
$6,200 + $65,300
$71,500
2013
$875
$6,200 + $59,100
$65,300
Public record
Public record
Zoning
Permits
Beds
2
Baths
0.5
Stories
2
Lot width
—
Lot depth
—
Lot size
0.3 Acres
Year renovated
1966
Finished Sq. Ft.
2,338
Unfinished Sq. Ft.
—
Total Sq. Ft.
2,338
Year built
1966
Style
Multi-Family (2-4 Unit)
County
Marion County
APN
490536124003000982
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 29, 2026.
D3
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
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
Mar 1, 1996 • Final
Heating & cooling permit-1-2 family-replacement
HVAC
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
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
3/10 Heat Factor
7 days above 101° expected this year, 18 days in 30 years
2/10 Wind Factor
0% chance of strong winds in next 30 years
4/10 Air Factor
4 unhealthy days expected this year, 5 days in 30 years
Provided by First Street
Historical weather
Indianapolis, IN • 46224
Average low and high temperatures (°F)
33
17
42
26
60
40
68
48
72
54
83
66
87
71
82
65
82
58
71
49
54
39
42
28
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
92/ 100
Exceptional sunlight
Sunscore
This home receives average direct sun exposure in Indianapolis. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.6 hrs
5.9 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1338 N High School Rd
$280,692
$4,208 under list price of $285K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $240K to $320K.