214 N Forest Ave, Indianapolis, IN, 46201
About This Home
Income-Producing Duplex Investment Opportunity in Indianapolis! Don't miss your chance to own this income-producing duplex at 214 N Forest Avenue. Featuring two spacious units, each offering 3 bedrooms and 2 full bathrooms, this property is an outstanding opportunity for investors seeking reliable cash flow and long-term value. Both units are currently leased for $1,390 per month, providing immediate and consistent rental income. Each unit features a functional floor plan designed for comfortable living, making this property highly desirable for tenants. Whether you're looking to expand your investment portfolio or add a stable, turnkey rental to your holdings, this duplex offers the opportunity to start generating income from day one. With strong rental history, dependable monthly income, and full occupancy already in place, this is a turnkey investment you won't want to miss. Schedule your showing today!
Getting Around
Somewhat Walkable
Some Transit
BikeableSchools
Construction
Condition
- Year built: 1920
Materials
- Foundation: Block
- Roof: Shingle
- Construction materials: Vinyl Siding
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family,Duplex
Interior
Appliances
- Laundry features: Connections All
Basement
- Has basement: Yes
- Basement: Unfinished
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 2
Heating & Cooling
- Heating features: Natural Gas
- Cooling features: Window Unit(s)
Property
Details
- Parcel number: 491005152008000101
Features
- Levels: One
- Stories: 1
Lot
- Lot size: 3,484 sqft
Parking
- Parking features: Attached
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
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 | $1,137 | $13,644 |
| Home Insurance * | $223 | $2,676 |
| Property Taxes | $166 | $1,992 |
| Electricity | $184 | $2,212 |
| Total | $1,710 | $20,520 |
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 |
|---|---|---|
| 2026-08-03 | Price change | $224,900 |
| 2026-07-01 | Listed for sale | $229,900 |
| 2026-05-21 | Listing removed | $1,390 |
| 2026-04-30 | Listed for rent | $1,390 |
| 2026-03-13 | Sold | $115,000 |
| 2026-02-19 | Pending sale | $124,999 |
| 2026-02-16 | Listed for sale | $124,999 |
| 2026-02-05 | Pending sale | $124,999 |
| 2026-01-31 | Price change | $124,999 |
| 2025-10-31 | Listed for sale | $135,000 |
| 2012-10-26 | Sold | $7,000 |
| 2012-09-14 | Price change | $8,500 |
| 2012-08-07 | Listed for sale | $9,900 |
| 2012-07-09 | Sold | $69,955 |
| 2012-07-08 | Listed for sale | $11,900 |
| 2002-01-11 | Sold | $12,000 |
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