1421 King Ave, Indianapolis, IN, 46222
About This Home
Excellent investment opportunity near Speedway! This rental is a three bedroom single family home with long term tenant in place, currently month to month and wants to renew. Rent is $1,175 per month. Additional 7 properties available from same seller/agent, varying conditions. Property is sold in Receivership - requires UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK approval of contract prior to closing. Property is sold as-is. Buyer to be responsible for all costs on the settlement statement except for Seller paid commissions and management fees. Please see the attached documents. The Seller Addendum must be executed and delivered with all Purchase Offers along with all disclosures and proof of funds. Property is sold as-is. Seller will not assume responsibility for any required repairs to the home to qualify for financing. Seller Addendum is required and must be delivered along with Purchase Offer, disclosures, and proof of funds/pre-approval. See MLS docs. Minimum 24 hour notice for showing requests as tenant must be notified. Management office is open Mon-Fri 9am-4pm.
Getting Around
Somewhat Walkable
Some Transit
BikeableSchools
Construction
Condition
- Year built: 1920
Materials
- Foundation: Block
- Construction materials: Brick,Vinyl Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subType: Residential,Single Family Residence
Interior
Appliances
- Appliances included: None
Basement
- Has basement: Yes
- Basement: Unfinished
Bedroom2
- Level: Main
- Area: 121
- Dimensions: 11x11
Bedroom3
- Level: Main
- Area: 121
- Dimensions: 11x11
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 3
Features
- Eat-in Kitchen
- Finished area below ground: 0
Heating & Cooling
- Heating features: Forced Air,Natural Gas
- Cooling features: None
Interior Area
- Total structure area: 1,680
- Total interior livable area: 1,680 sqft
Kitchen
- Level: Main
- Area: 156
- Dimensions: 13x12
Living Room
- Level: Main
- Area: 168
- Dimensions: 14x12
Master Bedroom
- Level: Main
- Area: 156
- Dimensions: 13x12
Property
Details
- Parcel number: 490633126174000901
- Special condition: As Is
- Horse amenities: None
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered
Lot
- Lot size: 4,356 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
- 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 | $581 | $6,972 |
| Home Insurance * | $122 | $1,464 |
| Property Taxes | $184 | $2,208 |
| Electricity | $184 | $2,212 |
| Total | $1,071 | $12,852 |
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 |
|---|---|---|
| 2026-04-14 | Listed for sale | $125,000 |
| 2023-08-09 | Sold | $10,000 |
| 2023-07-16 | Pending sale | $12,000 |
| 2023-07-16 | Listed for sale | $12,000 |
| 2020-06-11 | Listing removed | $950 |
| 2020-05-30 | Listed for rent | $950 |
| 2020-05-28 | Sold | $65,000 |
| 2009-12-08 | Sold | $3,500 |
View on Zillow