2356 Columbia Ave, Indianapolis, IN, 46205
About This Home
Don't miss this incredible, income-generating double, partially updated and ready for your portfolio from Day 1! Each side of this spacious duplex features 3 bedrooms and 2 full bathrooms, offering strong rental appeal and excellent market yields. Whether you are looking for a pure cash-flowing asset or a prime house-hacking opportunity to live in one side and let the neighbor pay your mortgage, this property delivers. Sold as-is. Buyers to conduct their own due diligence. Schedule your showing today and secure your next great investment!
Getting Around
Car-Dependent
Some Transit
BikeableSchools
Construction
Condition
- Year built: 1915
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family,Duplex
Interior
Basement
- Has basement: Yes
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 2
Property
Details
- Parcel number: 490730107168000101
- Special condition: As Is
Lot
- Lot size: 5,662 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
- Inland Flooding
- Cold Wave
- Heat Wave
- 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 | $1,061 | $12,732 |
| Home Insurance * | $140 | $1,680 |
| Property Taxes | $155 | $1,860 |
| Electricity | $184 | $2,212 |
| Total | $1,540 | $18,480 |
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 |
|---|---|---|
| 2026-08-08 | Price change | $260,000 |
| 2026-07-14 | Price change | $210,000 |
| 2026-07-01 | Listed for sale | $230,000 |
| 2026-06-13 | Listing removed | $1,550 |
| 2026-05-27 | Listed for rent | $1,550 |
| 2026-05-14 | Listing removed | $1,575 |
| 2026-04-16 | Listed for rent | $1,575 |
| 2026-01-15 | Sold | $40,000 |
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