423 N Holmes Ave, Indianapolis, IN, 46222
About This Home
Completely renovated just three years ago, this triplex offers an excellent investment opportunity with major updates already completed, including new drywall in many areas, fresh interior and exterior paint, updated flooring throughout, newer plumbing and electrical fixtures, updated cabinetry, newer appliances, and beautifully renovated bathrooms featuring new ceramic tile finishes. Conveniently located near downtown Indianapolis and Eskenazi Hospital, the property offers strong rental demand and income potential with market rents estimated at $1,100 per month for Units A and B and $750 per month for Unit C. This property consists of 2 two bedroom units, and 1 one bedroom unit. The property is currently vacant, providing the opportunity for an owner-occupant or investor to lease the units at market rents from day one and maximize returns.
Getting Around
Very Walkable
Some Transit
BikeableSchools
Construction
Condition
- Year built: 1910
Materials
- Construction materials: Aluminum Siding
Type & Style
- Home type: MultiFamily
- Architectural style: Other
- Property subType: Multi Family,Triplex
Interior
Appliances
- Laundry features: Other
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Main level bathrooms: 3
Property
Details
- Parcel number: 491104141008000901
Features
- Levels: Two
- Stories: 2
Lot
- Lot size: 5,662 sqft
- Features: Not Applicable
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
- Lightning
- Strong Wind
- Tornado
- Winter Weather
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 | $1,087 | $13,044 |
| Home Insurance * | $228 | $2,736 |
| Property Taxes | $430 | $5,160 |
| Electricity | $184 | $2,212 |
| Total | $1,929 | $23,148 |
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)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-17 | Pending sale | $215,000 |
| 2026-07-16 | Price change | $215,000 |
| 2026-07-02 | Listed for sale | $225,000 |
| 2022-08-12 | Sold | $80,000 |
| 2022-07-06 | Pending sale | $120,000 |
| 2022-05-18 | Listed for sale | $120,000 |
| 2022-04-26 | Pending sale | $120,000 |
| 2022-04-18 | Listed for sale | $120,000 |
| 2019-10-01 | Listing removed | $75,000 |
| 2019-03-08 | Price change | $75,000 |
| 2019-01-19 | Listed for sale | $55,000 |
| 2016-03-23 | Sold | $30,000 |
| 2013-11-08 | Sold | $4,000 |
| 2013-10-12 | Pending sale | $35,500 |
| 2013-10-10 | Listed for sale | $35,500 |
| 2013-10-09 | Pending sale | $35,500 |
| 2013-09-06 | Price change | $35,500 |
| 2013-07-27 | Listed for sale | $38,900 |
| 2013-06-24 | Sold | $4,000 |
| 2013-01-27 | Sold | $31,000 |
| 2012-09-10 | Sold | $10,000 |
| 2012-06-20 | Listed for sale | $19,900 |
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