151 Bakemeyer St, Indianapolis, IN, 46225
About This Home
Turnkey investment opportunity with immediate cash flow and additional upside flexibility. Investor-friendly setup with one unit already stabilized and the second ready for immediate income placement or the perfect opportunity to house hack. Conveniently located with easy access to downtown Indianapolis, major highways and local amenities. Whether you're a seasoned investor or looking to get started, this is a rare chance to secure a high-yield duplex with built-in upside.
Getting Around
Car-Dependent
Some Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Updated/Remodeled
- Year built: 1925
Materials
- Foundation: Block
- Roof: Asphalt
- Construction materials: Aluminum Siding
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family,Duplex
Interior
Basement
- Has basement: Yes
- Basement: Unfinished
Bedrooms & Bathrooms
- Bedrooms: 7
- Bathrooms: 2
Heating & Cooling
- Heating features: Electric
- Cooling features: Central Air
Property
Details
- Parcel number: 491123121016000101
Features
- Levels: Two
- Stories: 2
Lot
- Lot size: 10,454 sqft
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Heat Wave
- Inland Flooding
- Tornado
How This Home’s Risks Compare
FEMA Declared Disasters Across Indiana Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,390 | $16,680 |
| Home Insurance * | $192 | $2,304 |
| Property Taxes | $473 | $5,676 |
| Electricity | $184 | $2,212 |
| Total | $2,239 | $26,868 |
Income You'd Need if You Spent...
Indiana FAIR Plan Programs
Indiana Basic Property Insurance Underwriting Association
Wildfire
Hail
WindHow Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-02 | Listed for sale | $299,900 |
| 2026-02-25 | Listing removed | $1,600 |
| 2026-01-09 | Listed for rent | $1,600 |
| 2026-01-08 | Listing removed | $1,600 |
| 2025-08-14 | Listed for rent | $1,600 |
| 2025-03-31 | Sold | $175,000 |
| 2025-03-07 | Pending sale | $210,000 |
| 2025-02-20 | Price change | $210,000 |
| 2025-01-27 | Price change | $220,000 |
| 2022-10-31 | Listed for sale | $200,000 |
| 2021-10-01 | Listing removed | -- |
| 2021-08-17 | Price change | $185,000 |
| 2021-07-08 | Listed for sale | $200,000 |
| 2018-12-21 | Sold | $43,000 |
| 2018-11-27 | Pending sale | $40,000 |
| 2018-11-26 | Listed for sale | $40,000 |
| 2018-10-30 | Pending sale | $40,000 |
| 2018-10-13 | Listed for sale | $40,000 |
| 2018-06-20 | Sold | $39,958 |
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