4731 E 18th St, Indianapolis, IN, 46218
About This Home
Income-producing single-family rental on the near east side of Indianapolis, offered at $150,000. This 2-bedroom, 1-bathroom home sits on a slab foundation and is currently occupied by a tenant in place approximately four years with a consistent payment history, providing immediate cash flow with no lease-up period. Approximately 768 square feet. Recent system ages include roof at eight to nine years, mechanical systems at approximately eight years, and flooring at approximately five years, with the most recent rehab completed roughly four years ago. The property averages about two maintenance calls per year and the tenant pays all utilities. No open code violations. Located in the Hawthorne Manor area with quick access to downtown Indianapolis and the Emerson Avenue corridor. One of thirteen buildings in a 17-unit Indianapolis rental portfolio available individually or as a package. Current lease and rent roll available upon request. Property sold as-is.
Getting Around
Somewhat Walkable
Some Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1940
Materials
- Foundation: Crawl Space
- Construction materials: Vinyl Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subType: Residential,Single Family Residence
Interior
Appliances
- Appliances included: Convection Oven,Refrigerator,Electric Water Heater
Bedroom2
- Level: Main
- Area: 144
- Dimensions: 12x12
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Features
- Attic Access,Eat-in Kitchen
- Attic: Access Only
Heating & Cooling
- Heating features: Forced Air,Electric,Natural Gas
- Cooling features: None
Interior Area
- Total structure area: 768
- Total interior livable area: 768 sqft
Kitchen
- Level: Main
- Area: 120
- Dimensions: 10x12
Living Room
- Level: Main
- Area: 252
- Dimensions: 14x18
Master Bedroom
- Level: Main
- Area: 144
- Dimensions: 12x12
Property
Details
- Parcel number: 490733177067000101
- Special condition: As Is
- Horse amenities: None
Features
- Levels: One
- Stories: 1
Lot
- Lot size: 6,098 sqft
Parking
- Parking features: None
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
- Strong Wind
- 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 | $757 | $9,084 |
| Home Insurance * | $190 | $2,280 |
| Property Taxes | $264 | $3,168 |
| Electricity | $184 | $2,212 |
| Total | $1,395 | $16,740 |
Income You'd Need if You Spent...
Indiana FAIR Plan Programs
Indiana Basic Property Insurance Underwriting Association
Wildfire
HailWindHow 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 |
|---|---|---|
| 2026-07-29 | Price change | $149,900 |
| 2026-06-25 | Listed for sale | $150,000 |
| 2021-03-24 | Listing removed | -- |
| 2019-07-18 | Listing removed | $645 |
| 2019-07-14 | Price change | $645 |
| 2019-06-23 | Price change | $650 |
| 2019-06-06 | Price change | $680 |
| 2019-05-21 | Listed for rent | $745 |
| 2018-06-09 | Listing removed | $675 |
| 2018-06-05 | Listed for rent | $675 |
| 2018-05-23 | Sold | $52,000 |
| 2018-05-11 | Pending sale | $58,000 |
| 2018-04-30 | Listed for sale | $58,000 |
| 2018-04-19 | Listing removed | $595 |
| 2018-04-08 | Listed for rent | $595 |
| 2015-07-03 | Listing removed | $595 |
| 2015-05-11 | Sold | $55,300 |
| 2015-04-03 | Listed for rent | $595 |
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