OFF MARKET

Off Market Dec 2024 for $140K

$154,238

•

2 ba

•

1,584

sq ft

4255 Cossell Rd, Indianapolis, IN 46222

About this home

This Duplex sits on 2 lots and is a worthy investment opportunity. The unit on the left is 1 Bed, 1 Bath and the unit on the right is 2 Bed, 1 Bath. Both units are currently leased. The property has a brick exterior that has been well maintained and recent updates include an New A/C in 2024 on 4255 side and a New Refrigerator in 2024 on the 4257 side. The new owner can continue updating to make this duplex a highly sought after rental property. Located just minutes from Speedway and a easy commute to downtown Indy. A home warranty is included and will transfer to the buyer.

Multi-familyProperty Type

1955Year Built

10,237 sq ftLot Size

$97Est. Price/Sq.Ft.

Listed by Regina Jones • Carpenter, REALTORS®

Contact: rjones@callcarpenter.com

Bought with Jennifer Mattos • Garnet Group

Redfin checked: 2 minutes ago

•Source:MIBOR as Distributed by MLS Grid #22015122

Redfin Estimate

$154,238

$14K since sold in December 2024$0 since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 17.9% lower than the average sale price ($188K) of 6 comparable homes.

SOLD JUN 26, 2026
$205,000
A
3 beds2 baths2,528 sq ft
301 N Cole St, Indianapolis, IN 46224
SOLD AUG 7, 2026
$191,000
B
3 beds2 baths1,224 sq ft
4156 Bertha St, Indianapolis, IN 46241
SOLD AUG 14, 2026
$202,000
C
3 beds2 baths2,197 sq ft
323 Cossell Dr, Indianapolis, IN 46224
SOLD AUG 3, 2026
$224,500
D
3 beds1 bath1,536 sq ft
5113 W 12th St, Indianapolis, IN 46224
SOLD JUN 5, 2026
$150,000
E
3 beds2 baths1,854 sq ft
369 S Taft Ave, Indianapolis, IN 46241
SOLD AUG 11, 2026
$155,000
F
3 beds1 bath1,518 sq ft
4931 Rockville Rd, Indianapolis, IN 46224

Claim this home to receive a free report every month with insights on the changing estimate.

Market trends in 46222, IN

Last updated August 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

96.8%

0.2% MoM

Median sale price

$149K

$6K MoM

Avg. days on market

19d

1 days MoM

Recently sold homes

1 MoM

New listings for sale

$99,500
3 beds1 bath1,918 sq ft
1152 N Centennial St, Indianapolis, IN 46222
$169,999
3 beds1 bath2,217 sq ft
436 N Alton Ave, Indianapolis, IN 46222
$219,900
2 beds1.5 baths2,016 sq ft
1929 Kessler Boulevard North Dr, Indianapolis, IN 46220
$315,000
3 beds2.5 baths1,800 sq ft
213 Handley St, Indianapolis, IN 46222
$187,000
2 beds2 baths1,440 sq ft
18 N Pershing Ave, Indianapolis, IN 46222
See all

Provided by Redfin

Sale history for 4255 Cossell Rd

Date

Event

Price

MIBOR as Distributed by MLS Grid #22015122

Dec 31, 2024

Sold

$140,000

$88/sq ft

Dec 23, 2024

Pending

—

Dec 17, 2024

Listed

$138,000

$87/sq ft

MIBOR as Distributed by MLS Grid #21616283

Apr 8, 2019

Sold

$90,000

$57/sq ft

Mar 11, 2019

Pending

—

Feb 8, 2019

Listed

$105,000

$66/sq ft

+25

Come check out a wonderful duplex in the heart of Indy! This building is a great investment opportunity. Currently, both of the units are leased. The property has been well maintained including both the HVAC and water heaters. Both sides have individual utilities. Due to the Municipal codes, the owner has to pay the water bill. This duplex is as close as it gets to all things Downtown! Close to all interstates, downtown Indy, and just a few miles away from the Indianapolis Motor Speedway! It is also near downtown colleges including; IUPUI, University of Indianapolis, and Ivy Tech-Downtown Campus. Photos were taken while units were vacant.

MIBOR as Distributed by MLS Grid #21594502

Jan 16, 2019

Listing Removed

—

Sep 9, 2018

Listed

$110,000

$69/sq ft

MIBOR as Distributed by MLS Grid #21544577

Aug 10, 2018

Listing Removed

—

Apr 10, 2018

Price Changed

$115,000

$73/sq ft

Feb 11, 2018

Listed

$125,000

$79/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$3,455 (+1.1%)

$4,200 + $138,000

$142,200

2024

$3,417 (+8.1%)

$4,200 + $135,200

$139,400

2023

$3,160 (+2.2%)

$4,200 + $135,200

$139,400

2022

$3,092 (+25.1%)

$4,200 + $124,400

$128,600

2021

$2,472 (+16.1%)

$4,200 + $82,400

$86,600

2020

$2,129 (+23.7%)

$4,200 + $82,400

$86,600

2019

$1,722 (+30.9%)

$4,200 + $69,800

$74,000

2018

$1,316 (−1.6%)

$4,200 + $54,800

$59,000

2017

$1,337 (+11.2%)

$4,200 + $47,400

$51,600

2016

$1,202 (+9.4%)

$4,200 + $47,400

$51,600

2015

$1,099 (+28.5%)

$4,200 + $41,800

$46,000

2014

$855 (−3.3%)

$4,200 + $42,600

$46,800

2013

$884

$4,200 + $38,600

$42,800

Tax history for 4255 Cossell Rd

Year

Property tax

Land + Additions

Assessment*

2025

$3,455 (+1.1%)

$4,200 + $138,000

$142,200

2024

$3,417 (+8.1%)

$4,200 + $135,200

$139,400

2023

$3,160 (+2.2%)

$4,200 + $135,200

$139,400

2022

$3,092 (+25.1%)

$4,200 + $124,400

$128,600

2021

$2,472 (+16.1%)

$4,200 + $82,400

$86,600

2020

$2,129 (+23.7%)

$4,200 + $82,400

$86,600

2019

$1,722 (+30.9%)

$4,200 + $69,800

$74,000

2018

$1,316 (−1.6%)

$4,200 + $54,800

$59,000

2017

$1,337 (+11.2%)

$4,200 + $47,400

$51,600

2016

$1,202 (+9.4%)

$4,200 + $47,400

$51,600

2015

$1,099 (+28.5%)

$4,200 + $41,800

$46,000

2014

$855 (−3.3%)

$4,200 + $42,600

$46,800

2013

$884

$4,200 + $38,600

$42,800

*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

84 ft.

Lot depth

122 ft.

Lot size

10,237 Sq. Ft.

Year renovated

1955

Sq. Ft.

792

Year built

1955

Style

Multi-Family (2-4 Unit)

County

Marion County

APN

491105107004000982

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 29, 2026.

AIRSPACE SECONDARY ZONING DISTRICT

COMPACT

Dwelling District Five

The D-5 district is intended for medium and large- lot housing formats, primarily for detached houses, but may incorporate small- scale multi- unit building types in strategic locations. This district can be used for new, walkable suburban neighborhoods or for infill situation in established urban areas, including both low density and medium density residential recommendations of the Comprehensive Plan, and the Suburban Neighborhood and Traditional Neighborhood Typologies of the Land Use Pattern Book.

Zone overlays

Airspace Secondary Zoning District
Compact 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: Parking Lot

Interior

Laundry Room Information
Laundry Features: Connections All

Multi-Family Financial Information
Gross Income: 13800
Expenses: 0

Multi-Unit Information
Multi Beds: 3
Multi Baths: 2
# of Units: 2

Unit Type 1 Information
Kitchen: 11x10
Levels: 1
Miscellaneous: Eat In Kitchen, Range/Oven
Rent: 700
Rent Frequency: Monthly
Utilities: Cl Cntrl Air, Hot Wtr Gas

Unit Type 2 Information
Kitchen: 10x8
Levels: 1
Miscellaneous: Eat In Kitchen,Range/Oven
Rent: 580
Rent Frequency: Monthly
Utilities: Cl Cntrl Air,Fuel Gas,Hot Wtr Gas

Exterior

Property Features
Conversion: Yes

Property Information
Property Type: Residential Income
Property Sub Type: Duplex

Land Information
Current Use: Residential
Acres: <1/4 Acre

Lot Information
Lot Size Acres: 0.24
Lot Features: Access
Road Access: Frontage Road

Utilities

Utility Information
Solid Waste Information: Yes
Building Utilities: Sewer,Water

Location

School Information
High School District: MSD Wayne Township

Location Information
Directions: GPS Friendly
Tax Legal Description: Michigan Terrace

Community Information
Low Maintenance Lifestyle YN: No

Public facts

Beds: 1
Baths: —
Sq. Ft.: 792
Stories: 1.0
Lot Size: 10,237 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1955
Year Renovated: 1955
County: Marion County
APN: 491105107004000982

Home facts updated by county records on Jul 29, 2026

Other

Listing Information
Attribution Contact: rjones@callcarpenter.com

Green Information
Green Certification YN: No

Home Information
Foundation Details: Crawl Space
Construction Materials: Brick
Structure Type: Duplex
Levels: One
Security Features: Smoke Alarm

Around this home

Schools

Garden City Elementary School

Public PreK-6 • Assigned • 0.9mi

3/10

Ben Davis Ninth Grade Center

Public 9 • Assigned • 3.2mi

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

3/10 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

4/10 Air Factor

5 unhealthy days expected this year, 7 days in 30 years

Provided by First Street

Historical weather

Indianapolis, IN • 46222

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 9.6 hours in June and 3.3 hours in December, placing it below the U.S. average for solar exposure.

9.6 hrs

3.3 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$147,000 – $178,000

Sell confidently with a local market expert in Indianapolis. 3 minutes to get started.

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Home values near 4255 Cossell Rd

Data from public records.

Address	Redfin Estimate
4247 Cossell Road, Indianapolis, IN 2 Beds \| 1 Baths \| 1728 Sq. Ft.	$298,974
442 Arthur Avenue, Indianapolis, IN 3 Beds \| 1 Baths \| 1650 Sq. Ft.	$130,796

Address	Redfin Estimate
4245 Cossell Road, Indianapolis, IN 2 Beds \| - Baths \| 864 Sq. Ft.	$121,666
4108 W Michigan Street, Indianapolis, IN 2 Beds \| - Baths \| 840 Sq. Ft.	$99,118

Address	Redfin Estimate
4251 Cossell Road, Indianapolis, IN 3 Beds \| 2.5 Baths \| 2054 Sq. Ft.	—
459 Arthur Avenue, Indianapolis, IN 2 Beds \| - Baths \| 936 Sq. Ft.	$57,053

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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