$299,999
2 Beds
1 Bath
1338 S Talbott St, Indianapolis, IN 46225
Est. Mortgage $1,872/mo*
Get Pre-QualifiedHome Highlights
Multi-Family
Built in 1940
2 Parking Spaces
Local Information
- Map ViewExplore the area around 1338 S Talbott St.
- Schools9 Preschool Schools12 Elementary Schools4 Middle Schools4 High Schools
- Shop & Eat
-- mins to
About this House
Opportunities like this don't come along often. Whether you're looking to grow your investment portfolio or purchase a property that helps offset your monthly mortgage, this fully occupied duplex offers flexibility, dependable income, and room for future growth in a location that continues to see strong demand. Situated just minutes from downtown Indianapolis, Eli Lilly, Lucas Oil Stadium, Fountain Square, and many of the city's top restaurants, entertainment venues, and major employers, the location makes it an attractive option for both tenants and future owners. Built as a true duplex, the property was designed to provide privacy between units while offering practical layouts that continue to appeal to renters. Each unit has its own HVAC system and separate utility meters, allowing tenants to pay their own gas, electric, internet, cable, and other individual utilities. Owner responsibilities are limited to property taxes, insurance, property management, and routine maintenance, making day-to-day ownership simple and predictable. Inside, you'll find features that help set this property apart, including finished lower-level living space, in-unit laundry, hardwood flooring, private outdoor areas, and garage parking. These amenities contribute to long-term tenant satisfaction while helping the property remain competitive in today's rental market. For buyers looking to add value over time, there is also the opportunity to make thoughtful improvements that could increase both rental income and overall property value. Combined with the continued investment and redevelopment taking place throughout the surrounding area, this property offers more than just immediate cash flow-it provides the potential for long-term appreciation as well. Convenient access to major highways, downtown employers, sporting events, parks, and everyday amenities only adds to the property's appeal.
Last check for updates: about 7 hours ago
Listing Provided by: Maurice Brown
Berkshire Hathaway Home
Source: MIBOR as distributed by MLS GRID, MLS#22102103
Also Listed on MIBOR as distributed by MLS GRID.
Home Details for 1338 S Talbott St
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MLS Status: Active |
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Beds & Baths Number of Bedrooms: 2Number of Bathrooms: 1 |
Appliances & Utilities Laundry: In Basement |
Heating & Cooling Heating: Natural GasHas CoolingAir Conditioning: Separate MetersHas HeatingHeating Fuel: Natural Gas |
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Parking & Garage Number of Garage Spaces: 2Number of Covered Spaces: 2Other Parking: Unit Parking(1 Car Garage)No CarportNo Attached GarageParking Spaces: 2Parking: Detached |
Frontage Road Frontage: City Street, Access RdRoad Surface Type: Asphalt |
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Cumulative Days on Market: 41Days on Market: 60 |
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Year Built Year Built: 1940 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family, Duplex |
Building Not a New Construction |
Property Information Parcel Number: 491113146115000101 |
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Price List Price: $299,999 |
Status Change & Dates Possession Timing: Negotiable |
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Direction & Address City: IndianapolisCommunity: Mc Cartys Subdivision |
School Information High School District: Indianapolis Public Schools |
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Listing Agent Listing ID: 22102103 |
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Lot Area: 4791.6 sqft |
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Expense Tenant Pays: All Utilities, Cable TV, Electricity, Insurance |
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Owner Pays: Insurance, Grounds Care, Taxes |
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BasementMls Number: 22102103 |
Around this home
- Christian Park School 82
- PK-5
- Public
- 251 Students
3/10GreatSchools RatingParent Rating Average
No reviews available for this school. - Daniel Webster School 46
- PK-5
- Public
- 416 Students
4/10GreatSchools RatingParent Rating Averagei hate it here it is the worts dint sebd yiyr juds gereParent Review3y ago - Eleanor Skillen Elementary School 34
- PK-5
- Public
- 328 Students
3/10GreatSchools RatingParent Rating AverageNo reviews available for this school. - George W. Julian School 57
- PK-5
- Public
- 165 Students
4/10GreatSchools RatingParent Rating AverageMy son attends and we have loved it!Parent Review6y ago - James A. Garfield School 31
- PK-5
- Public
- 173 Students
5/10GreatSchools RatingParent Rating AverageNo reviews available for this school. - Ralph Waldo Emerson School 58
- PK-5
- Public
- 241 Students
5/10GreatSchools RatingParent Rating Averageits very good i am not a bot just a person that is 1001010101001101010101010011100010100010101010111010101Parent Review4y ago - William Bell School 60 - A Butler Lab Reggio Emilia School
- PK-5
- Public
- 381 Students
4/10GreatSchools RatingParent Rating AverageAs a current 8th Grade student in this school, I love it. The style of schooling might not be for everyone but I really enjoy it. I've been here since kindergarten and loved everything from elementary to middle school. I'm mostly leaving this review as I've noticed some very negative reviews from years back when middle school was just developing. Now though the middle school is great with tons of amazing teachers. This school isn't for everybody but I would definitely recommend at least checking it out.Student Review3y ago - William McKinley School 39
- PK-5
- Public
- 386 Students
6/10GreatSchools RatingParent Rating AverageNo reviews available for this school. - Frederick Douglass School 19
- PK-5
- Public
- 259 Students
2/10GreatSchools RatingParent Rating AverageNo reviews available for this school.
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about Near Southside
At least 56 Trulia users voted on each feature.
95 % Say there are sidewalks
86 % Say yards are well-kept
81 % Say it's dog friendly
72 % Say car is needed
67 % Say kids play outside
65 % Say it's walkable to restaurants
65 % Say parking is easy
64 % Say streets are well-lit
63 % Say there's holiday spirit
59 % Say neighbors are friendly
59 % Say there's wildlife
48 % Say people would walk alone at night
43 % Say they plan to stay for at least 5 years
41 % Say it's walkable to grocery stores
41 % Say it's quiet
39 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
Market trends in Indianapolis
Last updated July 2026
Avg. sale price
$251K
$10KMoM
Sale-to-List Price
99.6%
0.3%MoM
Price per sq ft
$145
$3MoM
Available listings
4043
154MoM
Home Value
Trulia Estimate
$291KSince last month
Increased$500 (+0.2%)Since last year
Increased$26K (+9.8%)Since last sale
Increased$16K (+5.9%)Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.
Trulia Estimate
The of this home's value increased by +464% in the last 10 years
| Month | Estimated value |
|---|---|
2026 | |
| September 2026 | $291K |
| August 2026 | $288K |
| July 2026 | $291K |
| June 2026 | $254K |
| May 2026 | $259K |
| April 2026 | $259K |
| March 2026 | $253K |
| February 2026 | $253K |
| January 2026 | $251K |
2025 | |
2024 | |
2023 | |
2022 | |
2021 | |
2020 | |
2019 | |
2018 | |
2017 | |
2016 | |
Comparable sales
These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.04 | Multi-Family Home | $310,000 | 07/02/26 | 2 | 1 | - | |
0.33 | Multi-Family Home | $182,000 | 07/17/26 | 1 | 1 | - | |
0.32 | Multi-Family Home | $357,426 | 07/02/26 | 2 | 2 | - | |
0.10 | Multi-Family Home | $90,000 | 12/02/25 | 2 | 2 | - | |
0.26 | Multi-Family Home | $281,750 | 11/24/25 | 4 | 2 | - | |
0.37 | Multi-Family Home | $272,750 | 05/11/26 | 6 | 3 | - | |
0.95 | Multi-Family Home | $295,000 | 12/19/25 | 3 | 1 | - | |
0.83 | Multi-Family Home | $117,500 | 03/24/26 | 2 | 1 | - |
Nearby home prices
Get a sense of expected prices in the area by checking the value of nearby homes.Address | Distance | Price | Bed | Bath | Sqft | Status |
|---|---|---|---|---|---|---|
0.04 | $310,000 | 2 | 1 | - | Recently Sold | |
0.06 | $272,000 | 2 | 2 | 1,280 | For Sale | |
0.07 | $282,900 | 4 | 4 | - | Off Market | |
0.08 | $439,000 | 4 | 2.5 | 2,177 | Recently Sold | |
0.09 | $232,500 | 4 | 2 | 2,750 | Off Market | |
0.04 | $189,700 | 3 | 1 | 1,934 | Off Market | |
0.04 | $328,900 | 3 | 3 | 2,082 | For Sale | |
0.04 | $319,000 | 3 | 3 | 2,168 | For Sale | |
0.11 | $404,750 | 4 | 2.5 | 2,177 | Recently Sold | |
0.05 | $257,800 | 4 | 3 | 2,304 | Recently Sold | |
0.05 | $426,000 | 4 | 2.5 | 2,173 | Recently Sold |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Jul 6, 2026 Source: MIBOR as distributed by MLS GRID #22102103 | Listed For Sale | $299,999 |
Sep 20, 2024 Source: Zillow Rentals | ListingRemoved | $999 |
Dec 15, 2023 Source: Zillow Rentals | ListingRemoved | |
Nov 7, 2023 Source: Zillow Rentals | PriceChange | $999 Price decreased by 9% |
Nov 2, 2023 Source: Zillow Rentals | Listed For Rent | $1,100 |
Sep 21, 2023 Source: Zillow Rentals | ListingRemoved | |
Sep 6, 2023 Source: Zillow Rentals | PriceChange | $1,150 Price decreased by 4% |
Aug 23, 2023 Source: Zillow Rentals | PriceChange | $1,199 Price decreased by 4% |
Jul 20, 2023 Source: Zillow Rentals | PriceChange | $1,250 Price decreased by 7% |
Jul 6, 2023 Source: Zillow Rentals | PriceChange | $1,350 Price decreased by 4% |
Jun 20, 2023 Source: Zillow Rentals | PriceChange | $1,400 Price decreased by 7% |
May 25, 2023 Source: Zillow Rentals | Listed For Rent | $1,500 |
Dec 2, 2022 Source: MIBOR as distributed by MLS GRID #21890121 | Sold | $275,000 |
Nov 2, 2022 Source: MIBOR as distributed by MLS GRID #21890121 | Pending | $289,000 |
Oct 25, 2022 Source: MIBOR as distributed by MLS GRID #21890121 | Listed For Sale | $289,000 |
Feb 23, 2021 Source: N/A | ListingRemoved | |
Apr 25, 2020 Source: N/A | ListingRemoved | $1,699 |
Apr 24, 2020 Source: N/A | PriceChange | $1,699 Price increased by 6% |
Mar 28, 2020 Source: N/A | PriceChange | $1,600 Price increased by 8% |
Jan 2, 2020 Source: N/A | Listed For Rent | $1,475 |
Mar 2, 2018 Source: N/A | Sold | $73,000 |
Oct 12, 2010 Source: N/A | Sold | $6,366 |
Jun 10, 2010 Source: Agent Provided | Listed For Sale | $6,950 |
Jan 7, 2009 Source: N/A | Sold | $10,676 |
| Year | Property tax | Tax assessment |
|---|---|---|
| 2025 | $5,555 | $220,500 |
Home facts updated by county records
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Maurice Brown, Berkshire Hathaway Home
Based on information submitted to the MLS GRID as of 2026-09-04 01:03:05 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Click here for more information
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Frequently asked questions about 1338 S Talbott St
- What is the estimated monthly payment for 1338 S Talbott St?Based on a $299,999 list price with 20% down at today's rates, the estimated monthly payment for 1338 S Talbott St in Indianapolis, IN is approximately $1,902 (about $1,587 principal & interest, $240 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
- How does the list price for 1338 S Talbott St compare to homes in Indianapolis?1338 S Talbott St in Indianapolis, IN is listed at $299,999, about 20% above the $251K median sale price in Indianapolis.
- What do residents say about the Near Southside neighborhood?Residents describe the Near Southside neighborhood in Indianapolis, IN as pedestrian-friendly, well-kept, and dog-friendly. See homes for sale in Near Southside, Indianapolis.
- What are the closest schools to 1338 S Talbott St?The closest schools to 1338 S Talbott St in Indianapolis, IN are Arsenal Technical High School (rated 2/10), Christian Park School 82 (Pre-K/Elementary, rated 3/10), Crispus Attucks Medical Magnet High School (9-12) (rated 4/10).
- Does 1338 S Talbott St have air conditioning?Yes, 1338 S Talbott St in Indianapolis, IN has air conditioning.
- Does 1338 S Talbott St have laundry facilities?Yes, 1338 S Talbott St in Indianapolis, IN has laundry facilities.
1338 S Talbott St, Indianapolis, IN 46225 is a 2 bedroom, 1 bathroom multi-family built in 1940. 1338 S Talbott St is located in Near Southside, Indianapolis. This property is currently available for sale and was listed by MIBOR as distributed by MLS GRID on Jul 6, 2026. The MLS # for this home is MLS# 22102103.