3116 N Park Ave, Indianapolis, IN, 46205
About This Home
Exceptional opportunity to own a side-by-side duplex with each unit separately parceled! Welcome to 3116-3118 N Park Ave, where each spacious unit features 3 bedrooms, 2 full bathrooms, and 1 half bathroom, finished attic space, a full basement with the potential to be finished for additional living space, and a detached one-car garage. Each unit also offers a fully fenced backyard with a deck, creating great outdoor living space for future occupants. The property was previously renovated and is now ready for someone to restore it and bring it back to its full potential after deferred maintenance and wear from the previous occupants. The separate parcels provide outstanding flexibility for investors, builders, or owner-occupants looking to build equity. Keep both units as rentals, live in one and sell the other, or sell each property individually. Opportunities like this are hard to find. Conveniently located near downtown Indianapolis, major hospitals, local dining, shopping, and parks. Being sold As-Is.
Getting Around
Car-Dependent
Some Transit
BikeableSchools
Construction
Condition
- Property condition: Fixer
- Year built: 2018
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family,Duplex
Interior
Basement
- Has basement: Yes
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 3
Property
Details
- Parcel number: 490624138198000101
- Special condition: As Is
Features
- Fencing: Fenced
Lot
- Lot size: 2,613 sqft
Parking
- Total spaces: 1
- Parking features: Detached
- Attached garage spaces: 1
- Covered spaces: 1
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
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 | $1,896 | $22,752 |
| Home Insurance * | $251 | $3,012 |
| Property Taxes | $741 | $8,892 |
| Electricity | $184 | $2,212 |
| Total | $3,072 | $36,864 |
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 |
|---|---|---|
| 2026-07-24 | Listed for sale | $375,000 |
| 2026-02-28 | Listing removed | $265,000 |
| 2026-01-29 | Price change | $265,000 |
| 2026-01-13 | Listed for sale | $275,000 |
| 2018-01-09 | Sold | $12,500 |
| 2014-07-24 | Sold | $2,500 |
| 2005-04-07 | Sold | $599 |
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