OFF MARKET

Off Market Apr 2017 for $224K

—

Studio

•

— ba

•

—

sq ft

2920 Bluff Rd, Indianapolis, IN 46225

About this home

6 unit apartment building, each unit featuring 1 bdrm and 1 bath. Recent upgrades include new roof(2017), water heater(2016), windows(2014),sewer(2014) and all units except 1 have had interior upgrades within the last 2 years. Tenants pay electric, landlord pays sewer and gas heat which is supplied by a very economical hot water boiler system. Net profit of $33,000 a year, occupancy rates are close to 100%. Property does lie in a flood zone, but has never flooded.

1963Year Built

0.55 acresLot Size

Listed by Dean Ehrgott • Tower 1 Realty

Contact: tower1realty@aol.com

Bought with Dean Ehrgott • Tower 1 Realty

Redfin checked: a minute ago

•Source:MIBOR as Distributed by MLS Grid #21462539

Redfin Estimate

Unfortunately, we don't have enough data to generate an accurate Estimate at this time.

Market trends in 46225, IN

Last updated August 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-List Price

96.0%

1.5% MoM

Median sale price

$206K

$4K MoM

Avg. days on market

48d

10 days MoM

Recently sold homes

6 MoM

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Provided by Redfin

Sale history for 2920 Bluff Rd

Date

Event

Price

MIBOR as Distributed by MLS Grid #21462539

Apr 22, 2017

Sold

$224,300

Mar 27, 2017

Pending

—

Feb 20, 2017

Listed

$255,000

MIBOR as Distributed by MLS Grid #21308210

Sep 10, 2014

Listing Removed

—

Sep 10, 2014

Sold

$124,900

Aug 6, 2014

Listed

$125,900

This 6 unit apartment building has little competition in the area! (It's easy to rent) Low maintenance brick building with 6 one BR units that rent for $550/mo each. Hardwood floors in the living & bed rooms, with vinyl in the kitchens & baths. 2 paved parking spaces per unit. The owner-controlled utility room contains the gas fired hot water heat system, well tank and water softener. New windows and sewer connection in the past year or two. This one has been in the family since day 1!

Year

Property tax

Land + Additions

Assessment*

2025

$5,575 (+13.6%)

$73,600 + $154,300

$227,900

2024

$4,907 (+24.3%)

$73,600 + $124,300

$197,900

2023

$3,948 (+19.7%)

$73,600 + $124,300

$197,900

2022

$3,298 (+10.8%)

$36,800 + $121,000

$157,800

2021

$2,976 (−0.1%)

$33,400 + $87,300

$120,700

2020

$2,980 (+1.5%)

$33,400 + $87,300

$120,700

2019

$2,936 (−0.6%)

$33,400 + $87,300

$120,700

2018

$2,954 (+13.1%)

$33,400 + $83,400

$116,800

2017

$2,611 (+6.3%)

$33,400 + $81,800

$115,200

2016

$2,456 (+0.9%)

$33,400 + $81,800

$115,200

2015

$2,435 (+4.0%)

$33,400 + $77,200

$110,600

2014

$2,341 (+4.0%)

$33,400 + $77,200

$110,600

2013

$2,251

$33,400 + $74,900

$108,300

Tax history for 2920 Bluff Rd

Year

Property tax

Land + Additions

Assessment*

2025

$5,575 (+13.6%)

$73,600 + $154,300

$227,900

2024

$4,907 (+24.3%)

$73,600 + $124,300

$197,900

2023

$3,948 (+19.7%)

$73,600 + $124,300

$197,900

2022

$3,298 (+10.8%)

$36,800 + $121,000

$157,800

2021

$2,976 (−0.1%)

$33,400 + $87,300

$120,700

2020

$2,980 (+1.5%)

$33,400 + $87,300

$120,700

2019

$2,936 (−0.6%)

$33,400 + $87,300

$120,700

2018

$2,954 (+13.1%)

$33,400 + $83,400

$116,800

2017

$2,611 (+6.3%)

$33,400 + $81,800

$115,200

2016

$2,456 (+0.9%)

$33,400 + $81,800

$115,200

2015

$2,435 (+4.0%)

$33,400 + $77,200

$110,600

2014

$2,341 (+4.0%)

$33,400 + $77,200

$110,600

2013

$2,251

$33,400 + $74,900

$108,300

*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

—

Stories

Lot width

—

Lot depth

—

Lot size

3,197 Sq. Ft.

Year renovated

1980

Sq. Ft.

3,484

Year built

1963

Style

Other

County

Marion County

APN

491123115014000101

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 29, 2026.

COMPACT

Dwelling Agriculture District

The D-A District holds the agricultural lands of Marion County and provides for a variety of agricultural uses. It is intended to provide for animal and poultry husbandry, farming, cultivation of crops, dairying, pasturage, floriculture, horticulture, viticulture, apiaries, aquaculture, hydroponics, together with necessary, accompanying accessory uses, buildings, or structures for housing, packing, treating, or storing said products; or lands devoted to a soil conservation or forestry management program. A single-family dwelling is intended to be permitted as a part of such agricultural uses. A secondary provision of this District is large estate development of single-family dwellings. This District fulfills the very low density residential classification of the Comprehensive General Land Use Plan. This District does not require public water and sewer facilities.

Zone overlays

Compact Context Area

Permitted uses

Include but are not limited to:

Agriculture
Housing-Group
Housing-Single unit
Research & development
Communications tower
Veterinary clinic
Park & open space

Property details

Parking

Parking Information
Unit Parking: Guest Parking,Parking Lot,Paved Area

Interior

Interior Sq. Ft. Information
Building Area Total: 0
Living Area: 0

Laundry Room Information
Laundry Features: No Laundry Facil.

Heating & Cooling
Cooling Information: Separate Meters

Exterior

Building Information
Building Information: Handicap Access

Property Features
Conversion: No

Property Information
Property Type: Commercial Sale
Property Sub Type: Multi-Family 5+

Land Information
Acres: 1/2-1 Acre

Lot Information
Lot Size Acres: 0.6
Road Surface Type: Asphalt
Road Frontage Type: City Street
Lot Features: Access, Sidewalks, Mature Trees

Utilities

Utility Information
Utilities: Cable Connected, Electricity Connected, Gas, Sewer Connected
Solid Waste Information: No
Building Utilities: Sewer,Well,Private Well

Location

Multi-Family Financial Information
Owner Pays: Insurance, Lawncare, Taxes, Sewer, Trash Collection
Net Operating Income: 33100
Gross Income: 40800
Expenses: 7700

Multi-Unit Information
# of Units: 6

Unit Type 1 Information
Kitchen: 10x16
Levels: 1
Miscellaneous: Eat In Kitchen, Range/Oven, Refrigrater, Water Softener Rented
Rent: 550
Rent Frequency: Monthly
Utilities: Cl Wall Unit, Fuel Gas, Hot Wtr Gas

Unit Type 2 Information
Kitchen: 10x16
Levels: 1
Miscellaneous: Eat In Kitchen,Range/Oven,Refrigrater
Rent: 600
Rent Frequency: Monthly
Utilities: Cl Wall Unit

Unit Type 3 Information
Kitchen: 10x16
Levels: 1
Miscellaneous: Eat In Kitchen,Range/Oven,Refrigrater
Rent Frequency: Monthly
Rent: 550
Utilities: Cl Wall Unit

Unit Type 4 Information
Kitchen: 10x16
Levels: 11
Miscellaneous: Eat In Kitchen,Range/Oven,Refrigrater
Rent: 600
Rent Frequency: Monthly
Utilities: Cl Wall Unit

Unit Type 5 Information
Kitchen: 10x16
Levels: 1
Miscellaneous: Eat In Kitchen,Range/Oven,Refrigrater
Rent: 550
Rent Frequency: Monthly
Utilities: Cl Wall Unit

Unit Type 6 Information
Kitchen: 10x16
Levels: 1
Miscellaneous: Eat In Kitchen,Range/Oven,Refrigrater
Rent: 550
Rent Frequency: Monthly
Utilities: Cl Wall Unit

School Information
High School District: Indianapolis Public Schools

Location Information
Directions: 1 block north of Troy Avenue on Bluff Road to sign on west side of road
Tax Legal Description: 173.47FT ON BLUFF RD X 18

Public facts

Beds: —
Baths: —
Sq. Ft.: 3,484
Stories: 1.0
Lot Size: 3,197 square feet
Style: Other
Year Built: 1963
Year Renovated: 1980
County: Marion County
APN: 491123115014000101

Home facts updated by county records on Jul 29, 2026

Other

Listing Information
Attribution Contact: tower1realty@aol.com

Green Information
Green Certification YN: No

Home Information
Foundation Details: Block
Construction Materials: Brick
Structure Type: Apartment Complex
Levels: One

Around this home

Schools

James A. Garfield School 31

Public PreK-5 • Assigned • 1.7mi

5/10

Christel House Academy - South

Charter K-8 • Assigned • 1.1mi

4/10

Christel House Watanabe Manual High School

Charter 9-12 • Assigned • 1.1mi

3/10

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, 18 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 • 46225

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

Try the sun simulator tool to see how light moves across the property at different times of day and year.

Provided by Shadowmap

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New listings for sale in 46225

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338 Sanders St, Indianapolis, IN 46225

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3D WALKTHROUGH

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2835 S Pennsylvania St, Indianapolis, IN 46225

OPEN SUN, 3PM TO 5PM

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Home values near 2920 Bluff Rd

Data from public records.

Address	Redfin Estimate
2926 Bluff Rd, Indianapolis, IN 2 Beds \| 1.5 Baths \| 1950 Sq. Ft.	$226,737
2910 Bluff Rd, Indianapolis, IN 3 Beds \| - Baths \| 1819 Sq. Ft.	$222,579

Address	Redfin Estimate
2909 Bluff Rd, Indianapolis, IN 4 Beds \| 1 Baths \| 2638 Sq. Ft.	$203,871
2908 Bluff Rd, Indianapolis, IN 3 Beds \| - Baths \| 2312 Sq. Ft.	$480,404

Address	Redfin Estimate
2815 Bluff Rd, Indianapolis, IN 3 Beds \| - Baths \| 1440 Sq. Ft.	$163,449
2928 Bluff Rd, Indianapolis, IN 4 Beds \| 1.5 Baths \| 3329 Sq. Ft.	$274,503

Property information provided by MIBOR as Distributed by MLS Grid when last listed in 2017. This data may not match . Learn more.

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