1338 S Talbott St
Indianapolis, IN 46225
Near Southside
2 Beds
1 Bath
2 Beds
1 Bath
Local Information
- Map ViewExplore the area around 1338 S Talbott St.
- Schools3 Preschool Schools4 Elementary Schools1 Middle School4 High Schools
- Shop & Eat
-- mins to
Description
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. Whether you're a seasoned investor searching for your next addition or someone interested in
Home Highlights
Parking
2 Parking Spaces
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
No Info
Listed
Less than a day ago
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(2 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: 4Days on Market: <1 day on Trulia |
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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 |
Last check for updates: about 15 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.
Market trends in Indianapolis
Last updated May 2026
Avg. sale price
$238K
$16.58KMoM
Sale-to-List Price
98.7%
0.4%MoM
Price per sq ft
$141
$7MoM
Available listings
3812
187MoM
Price History for 1338 S Talbott St
| Date | Price | Event | Source |
|---|---|---|---|
| 07/06/2026 | $299,999 | Listed For Sale | MIBOR as distributed by MLS GRID #22102103 |
| 09/20/2024 | $999 | ListingRemoved | Zillow Rentals |
| 12/15/2023 | ListingRemoved | Zillow Rentals | |
| 11/07/2023 | $999 | PriceChange | Zillow Rentals |
| 11/02/2023 | $1,100 | Listed For Rent | Zillow Rentals |
| 09/21/2023 | ListingRemoved | Zillow Rentals | |
| 09/06/2023 | $1,150 | PriceChange | Zillow Rentals |
| 08/23/2023 | $1,199 | PriceChange | Zillow Rentals |
| 07/20/2023 | $1,250 | PriceChange | Zillow Rentals |
| 07/06/2023 | $1,350 | PriceChange | Zillow Rentals |
| 06/20/2023 | $1,400 | PriceChange | Zillow Rentals |
| 05/25/2023 | $1,500 | Listed For Rent | Zillow Rentals |
| 12/02/2022 | $275,000 | Sold | MIBOR as distributed by MLS GRID #21890121 |
| 11/02/2022 | $289,000 | Pending | MIBOR as distributed by MLS GRID #21890121 |
| 10/25/2022 | $289,000 | Listed For Sale | MIBOR as distributed by MLS GRID #21890121 |
| 02/23/2021 | ListingRemoved | N/A | |
| 04/25/2020 | $1,699 | ListingRemoved | N/A |
| 04/24/2020 | $1,699 | PriceChange | N/A |
| 03/28/2020 | $1,600 | PriceChange | N/A |
| 01/02/2020 | $1,475 | Listed For Rent | N/A |
| 03/02/2018 | $73,000 | Sold | N/A |
| 10/12/2010 | $6,366 | Sold | N/A |
| 06/10/2010 | $6,950 | Listed For Sale | Agent Provided |
| 01/07/2009 | $10,676 | Sold | N/A |
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Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $5,555 |
| Assessment | $220,500 |
Home facts updated by county records
Comparable Sales for 1338 S Talbott St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.04 | Multi-Family Home | $310,000 | 07/02/26 | 2 | 1 | - | |
0.10 | Multi-Family Home | $90,000 | 12/02/25 | 2 | 2 | - | |
0.26 | Multi-Family Home | $281,750 | 11/24/25 | 4 | 2 | - | |
0.15 | Multi-Family Home | $280,000 | 08/05/25 | 6 | 4 | - | |
0.37 | Multi-Family Home | $272,750 | 05/11/26 | 6 | 3 | - | |
0.07 | Multi-Family Home | $130,000 | 08/06/25 | 6 | 4 | - | |
0.34 | Multi-Family Home | $160,000 | 09/04/25 | 4 | 2 | - | |
0.95 | Multi-Family Home | $295,000 | 12/19/25 | 3 | 1 | - |
Nearby homes
Get a sense of prices in the area by checking nearby homes.
FOR SALETotalis Real Estate Solutions, Active
OFF MARKETCompass Indiana, LLC, Sold
SOLDMAY 29, 2026Bell Realty Group, Sold
OFF MARKETKenter Real Estate, LLC, Sold
OFF MARKETLandtree, REALTORS®, Sold
FOR SALESullivan Realty Group, LLC, Active
FOR SALESullivan Realty Group, LLC, Active
SOLDAPR 3, 2026HSI Commercial & Residential Group, Inc, Sold
SOLDFEB 2, 2026F.C. Tucker Company, Sold
Assigned Schools
These are the assigned schools for 1338 S Talbott St.
- Arsenal Technical High School
- 9-12
- Public
- 2360 Students
1/10GreatSchools RatingParent Rating AverageMy experience with the school has been excellent at distinct levels. I rate this school high in safety and teaching. The teachers are dedicated and caring. Too often, the media focuses on deficit views of the school, yet the assets offered by this school are often ignored.Parent Review3y ago - Crispus Attucks Medical Magnet High School (9-12)
- 9-12
- Public
- 1269 Students
1/10GreatSchools RatingParent Rating AverageMt child is new to Attucks this year and it has been amazing. The staff and atmosphere is wonderful for a child wi th health issues.Other Review10y ago - Francis W. Parker School 56
- PK-8
- Public
- 274 Students
4/10GreatSchools RatingParent Rating AverageI wouldn't recommend sending your children hereParent Review4y ago - James A. Garfield School 31
- PK-5
- Public
- 173 Students
3/10GreatSchools RatingParent Rating AverageReally positive. We know this school has had a pretty bad rap for years, but we wanted our kids to be a part of a neighborhood school and we have seriously had no regrets. Much has changed in the past couple years and by all accounts that change has momentum to continue to get better. At this school our child is known by a really professional staff who genuinely care about him, he is learning a lot, and the atmosphere is super positive. They also have a really great after-school program run by a local community nonprofit :-) We love this school.Parent Review6y ago - William Bell School 60 - A Butler Lab Reggio Emilia School
- PK-5
- Public
- 381 Students
5/10GreatSchools 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 - Center for Inquiry School 2
- K-5
- Public
- 303 Students
7/10GreatSchools RatingParent Rating AverageIt's one of the best schools definitely is preparing me college the teachers are respectful better than any public school in the area I'm in the 8th grade and the curriculum is amazingStudent Review1y ago - George Washington Community High School (9-12)
- 9-12
- Public
- 729 Students
1/10GreatSchools RatingParent Rating AverageThis school has several bright points and also many challenges. I think the school does a really good job with providing a quality place to learn; many awesome teachers, some not as great, that's the way it would go at any school. The principal cares about the students and, in my experience, so do the teachers. Maybe it's not a 5/5, but it's also not a 1, so I want to balance it out.Other Review3y ago - Shortridge High School
- 9-12
- Public
- 1206 Students
2/10GreatSchools RatingParent Rating Averagenever been here but like my online friend goes here and he's like super cooool wsp brandon how u doinOther Review2y ago 
Check out schools near 1338 S Talbott St.
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.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Maurice Brown, Berkshire Hathaway Home
Based on information submitted to the MLS GRID as of 2026-07-06 09:52:53 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
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.