Amazing investment opportunity in the heart of Clermont where you will find two 1bd/1ba homes on one parcel. Property is zoned commercial C3/C7 with current use as residential. Both homes were nearly completely remodeled in 2017 to include plumbing, electrical, HVAC, and much more. Both homes are total electric and received all new decking and roofs in 2020. Both homes share water/sewer which landlord pays. Landlord also provides mowing. 9038 is occupied with an amazing long-term tenant who is not currently under lease but wishes to stay (current rent is $700/mo). It is 696 sf. 9038 1/2 is currently vacant and rent ready with fresh paint and new carpet (previously rented at $700/mo). It is 528 sf. Rent has not been adjusted in over 2 years. Property is easy to rent and highly sought after.
*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
2
Baths
—
Stories
1
Lot width
64 ft.
Lot depth
111 ft.
Lot size
7,100 Sq. Ft.
Year renovated
1940
Sq. Ft.
816
Year built
1940
Style
Single Family Residential
County
Marion County
APN
490521138011000904
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 29, 2026.
C3
COMPACT
AIRSPACE SECONDARY ZONING DISTRICT
METRO
Neighborhood Commercial District
The C-3 District is for the development of an extensive range of retail sales and personal, professional and business services required to meet the demands of a fully developed residential neighborhood, regardless of its size. Examples of such types of uses include neighborhood shopping centers, sales of retail convenience or durable goods, shopping establishments, retail and personal and professional service establishments. At this neighborhood scale of retail, a fine-grain of accessibility requisite for all modes of travel must be provided and maintained. It does not make provision, however, for those businesses that draw customers in significant numbers from well beyond a neighborhood boundary and are, therefore, unusually heavy traffic generators, such as theaters. It does not allow those businesses that require the outdoor display, sale or storage of merchandise; or require outdoor operations. In general, to achieve maximum flexibility of permitted land use, the C-3 District makes possible a highly varied grouping of indoor retail and business functions.
Zone overlays
Compact Context Area
Airspace Secondary Zoning District
Metro Context Area
Permitted uses
Include but are not limited to:
General retail
Retail-Grocery
Restaurant
Hospital / medical center
Rehabilitation center
Housing-Other
Bed & breakfast
Office
Medical office
Ground transport
Jan 31, 2017 • Active
Electrical - 1-2 family
Electrical
Feb 7, 2000 • Active
Project
Demolition
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.
Property details
Parking
Parking Information
Garage Parking Other: Other
Parking Features: Common
Garage Spaces: 0
Interior
Interior Sq. Ft. Information
Building Area Total: 696
Living Area: 696
Main Level Sq. Ft.: 696
Upper Level Sq. Ft.: 0
Bedroom Information
Primary Bedroom Description: Closet Walk in
# of Bedrooms Main: 1
Beds MU: 1
Bedrooms MU: 1
Bathroom Information
# of Full Baths (Total): 1
# of Full Baths (Main): 1
Full Baths MU: 1
Full Bathrooms MU: 1
Primary Bathroom Description: Tub Full with Shower
Room 1 Information
Room Features: Carpet
Room Dimensions: 11x12
Room Level: Main
Room 2 Information
Room Type: Kitchen
Room Features: Vinyl
Room Dimensions: 12x12
Room Level: Main
Room 3 Information
Room Type: Living Room
Room Features: Carpet
Room Dimensions: 11x12
Room Level: Main
Room 4 Information
Room Type: Bonus Room
Room Features: Vinyl
Room Dimensions: 6x20
Room Level: Main
Other Rooms Information
Rooms Upper: 0
Rooms Main: 4
Rooms Basement: 0
# of Rooms: 4
Laundry Room Information
Laundry Features: Main Level
Heating & Cooling
Heating Information: Electric, Forced Air
Cooling Information: Central Electric
Interior Features
Interior Features: Walk-in Closet(s), Screens Some, Windows Thermal, Wood Work Painted, Eat-in Kitchen
Appliances: Electric Water Heater, Electric Oven, Refrigerator
Exterior
Exterior Features
Patio And Porch Features: Deck Main Level, Covered Porch
Fence YN: Yes
Fencing: Partial, Privacy
Farm Information
Horse Amenities: None
Property Information
Other Equipment: Smoke Alarm, Sump Pump
Property Type: Residential
Property Condition: Updated/Remodeled
Property Sub Type: Single Family Residence
Land Information
Acres: <1/4 Acre
Lot Information
Lot Size Acres: 0.16
Lot Features: Sidewalks, Street Lights, Not In Subdivision, Mature Trees
Utilities
Utility Information
Utility Prim Sewage Disp: Municipal Sewer Connected
Water Source: Municipal/City
Utilities: Electricity Connected, Gas Nearby, Sewer Connected, Water Connected
Solid Waste Information: Yes
Location
School Information
High School District: MSD Wayne Township
Location Information
Directions: GPS Friendly
Tax Legal Description: J P Martindales Add Ex 115Ft S End L1
Public facts
Beds: 2
Baths: —
Sq. Ft.: 816
Stories: 1.0
Lot Size: 7,100 square feet
Style: Single Family Residential
Year Built: 1940
Year Renovated: 1940
County: Marion County
APN: 490521138011000904
Home facts updated by county records on Jul 29, 2026
Other
Listing Information
Attribution Contact: caranelson21@gmail.com
Green Information
Green Certification YN: No
Home Information
Foundation Details: Block
Construction Materials: Vinyl Siding
Levels: One
Around this home
Schools
Robey Elementary School
Public PreK-6 • Assigned • 0.5mi
6/10
Ben Davis Ninth Grade Center
Public 9 • Assigned • 2.8mi
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
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 • 46234
Average low and high temperatures (°F)
32
16
42
25
60
39
68
47
72
53
82
65
87
69
81
63
81
57
70
47
53
38
42
27
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
$155,000 – $187,000
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