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About this home
Income-Producing Duplex Portfolio - Four Fully Rented Units Excellent investment opportunity featuring two duplex properties with four total units, all currently rented. The portfolio offers a strong rental history, with all tenants demonstrating a consistent record of on-time payments. In addition to the four residential units, the property includes four separate garages currently available to be rented for storage, providing an additional income stream. The properties are well maintained and have benefited from numerous recent improvements. Three of the four units have been renovated, including new flooring, lighting, drywall, and interior paint. A new roof and gutters were installed in 2024, and three of the four units have received new water heaters between 2023 and 2025. Two of the four units have new HVAC systems, further enhancing the property's reliability and appeal. Electrical panels have all been replaced and are up to code. Both properties are serviced by well and septic system and have been carefully maintained, with all major systems and components reported to be in good working order. This is a turnkey investment opportunity with established tenants, multiple income sources, and a strong history of ongoing maintenance and improvements.
Amazing investment opportunity! All brick duplex features 2 bedrooms, 1 bathroom on each side and also has its own private 1 car garage for each unit. All units are rented. Immediately cash flow. Surrounded by mature trees and easy access to interstate.
MIBOR as Distributed by MLS Grid #21770763
Apr 19, 2021
Sold
$155,000
$99/sq ft
Mar 11, 2021
Pending
—
Mar 10, 2021
Listed
$155,000
$99/sq ft
Amazing investment opportunity! All brick duplex features 2 bedrooms, 1 bathroom on each side and also has its own private 1 car garage for each unit. Surrounded by mature trees and easy access to interstate.
MIBOR as Distributed by MLS Grid #2905798
Feb 16, 2010
Listing Removed
—
Feb 4, 2009
Listed
$58,400
$37/sq ft
MIBOR as Distributed by MLS Grid #2860962
Oct 27, 2008
Listed
$26,500
$17/sq ft
MIBOR as Distributed by MLS Grid #2126591
Dec 31, 2001
Listing Removed
—
Jun 6, 2001
Listed
$115,000
$74/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$5,580 (+11.5%)
$15,400 + $199,900
$215,300
2024
$5,006 (+5.4%)
$15,400 + $175,000
$190,400
2023
$4,752 (+31.2%)
$15,400 + $175,000
$190,400
2022
$3,622 (+4.5%)
$15,400 + $165,300
$180,700
2021
$3,467 (+6.9%)
$15,400 + $112,400
$127,800
2020
$3,244 (+13.3%)
$15,400 + $112,400
$127,800
2019
$2,864 (+21.6%)
$15,400 + $103,200
$118,600
2018
$2,354 (+2.0%)
$15,400 + $88,100
$103,500
2017
$2,308 (−2.5%)
$15,400 + $67,900
$83,300
2016
$2,368 (+18.7%)
$15,400 + $67,900
$83,300
2015
$1,995 (+13.5%)
$15,400 + $70,200
$85,600
2014
$1,758 (−0.2%)
$15,400 + $63,400
$78,800
2013
$1,762
$15,400 + $57,100
$72,500
Public record
Public record
Zoning
Beds
2
Baths
—
Stories
1
Lot width
—
Lot depth
—
Lot size
0.41 Acres
Year renovated
1976
Finished Sq. Ft.
780
Unfinished Sq. Ft.
—
Total Sq. Ft.
780
Year built
1976
Style
Multi-Family (2-4 Unit)
County
Marion County
APN
491421121011000500
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 29, 2026.
D5
AIRSPACE SECONDARY ZONING DISTRICT
METRO
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
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
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
2/10 Air Factor
2 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Indianapolis, IN • 46217
Average low and high temperatures (°F)
33
18
43
26
62
40
69
48
72
54
83
66
88
72
84
66
82
60
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
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.7 hrs
5.7 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 8465 Bluff Rd
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $249,900 and $335,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $250K to $335K.