$289,900
Original price: $294,900
6 Beds
2 Baths
513 E 31st St, Indianapolis, IN 46205
Est. Mortgage $1,703/mo*
Get Pre-QualifiedHome Highlights
Multi-Family
Built in 1910
Local Information
- Map ViewExplore the area around 513 E 31st St.
- Schools9 Preschool Schools11 Elementary Schools4 Middle Schools4 High Schools
- Shop & Eat
-- mins to
About this House
Excellent duplex investment opportunity in the rapidly revitalizing Meridian Park/Boulevard Square area, surrounded by numerous renovated homes and ongoing redevelopment. Each side features 3 spacious bedrooms, 1 full bath with a tub/shower combination, durable LVP flooring throughout, and a full basement for additional storage. Both units offer a covered front porch, generous living room, separate dining area, full kitchen with ample cabinetry and counter space, and a rear deck. The functional floor plans and strong rental demand make this an attractive addition to any investment portfolio. Conveniently located with easy access to Fall Creek Parkway, providing quick commutes to Downtown Indianapolis and the Northside. Public transportation is just steps away, including IndyGo bus service and the Red Line. Unit 515 is currently vacant and requires only minor cosmetic touches to be rent-ready, presenting an immediate value-add opportunity. Unit 513 is tenant-occupied at $1,050 per month with a lease in place through March 2027, providing stable income from day one. Major updates include a new roof (April 2022), new A/C units (April 2023), and Sewer line updated & cleanout installed in April 2026. A solid income-producing property in one of Indianapolis' fastest-growing neighborhoods.
Last check for updates: about 3 hours ago
Listing Provided by: Rosie Berzenye
T&H Realty Services, Inc.
Source: MIBOR as distributed by MLS GRID, MLS#22105658
Also Listed on MIBOR as distributed by MLS GRID.
Home Details for 513 E 31st St
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MLS Status: Active |
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Interior Details Basement: Unfinished |
Beds & Baths Number of Bedrooms: 6Number of Bathrooms: 2Number of Bathrooms (main level): 6 |
Appliances & Utilities Laundry: Connections All |
Heating & Cooling Heating: Forced AirHas CoolingAir Conditioning: Central Air,Separate MetersHas HeatingHeating Fuel: Forced Air |
Levels, Entrance, & Accessibility Stories: 2Levels: Two |
Security Security: Smoke Detector(s) |
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Exterior Home Features Foundation: Block, Full |
Parking & Garage Other Parking: Unit Parking(On Street)No CarportNo Attached GarageParking: Alley Access |
Frontage Road Frontage: City Street, Not ApplicRoad Surface Type: Asphalt |
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Cumulative Days on Market: 49Days on Market: 83 |
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Year Built Year Built: 1910 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family, DuplexStructure Type: DuplexArchitecture: Traditional |
Building Building: StorageConstruction Materials: Brick, Vinyl SidingNot a New ConstructionNot Attached Property |
Property Information Usage of Home: ResidentialParcel Number: 490624138196001101 |
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Price List Price: $289,900 |
Status Change & Dates Possession Timing: Close Of Escrow |
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Direction & Address City: IndianapolisCommunity: Boulevard Square |
School Information High School District: Indianapolis Public Schools |
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Listing Agent Listing ID: 22105658 |
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Lot Area: 3049.2 sqft |
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Special Conditions: Sales Disclosure Supplements |
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Expense Tenant Pays: All Utilities |
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Owner Pays: Taxes |
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BasementMls Number: 22105658 |
Around this home
- Carl Wilde School 79
- PK-5
- Public
- 472 Students
4/10GreatSchools RatingParent Rating Average
No reviews available for this school. - Ernie Pyle School 90
- PK-5
- Public
- 268 Students
4/10GreatSchools RatingParent Rating AverageNo reviews available for this school. - James Whitcomb Riley School 43
- PK-5
- Public
- 240 Students
4/10GreatSchools RatingParent Rating AverageNo reviews available for this school. - Jonathan Jennings School 109
- PK-5
- Public
- 275 Students
3/10GreatSchools RatingParent Rating AverageWhenever they host an event, the parents park wherever they want, sucg as the street, the houses in front of them, and they just overflow the parking lot.Other Review1y ago - Lew Wallace School 107
- PK-5
- Public
- 440 Students
4/10GreatSchools RatingParent Rating AverageMy daughter has been going here since second grade and she always came home and told me what an amazing experience she had, this school treats their students very well. 6th grade teacher Mr Carr he taught my daughter math very well and i am proud to see m daughter having teachers that can help her and support her and do their job.Parent Review2y ago - Meredith Nicholson School 96
- PK-5
- Public
- 391 Students
5/10GreatSchools RatingParent Rating AverageThis is the worst experience ever for my daughter and I with bullying racism and lack of teachingParent Review1y 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 - Clarence Farrington School 61
- PK-5
- Public
- 451 Students
3/10GreatSchools RatingParent Rating AverageNo reviews available for this school. - George Washington Carver School 87
- PK-5
- Public
- 246 Students
3/10GreatSchools RatingParent Rating AverageNo reviews available for this school.
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about Mapleton-Fall Creek
At least 48 Trulia users voted on each feature.
91 % Say there are sidewalks
85 % Say it's dog friendly
83 % Say yards are well-kept
79 % Say car is needed
74 % Say parking is easy
68 % Say neighbors are friendly
64 % Say kids play outside
59 % Say there's holiday spirit
54 % Say streets are well-lit
43 % Say there's wildlife
41 % Say there are community events
41 % Say they plan to stay for at least 5 years
40 % Say it's quiet
37 % Say people would walk alone at night
36 % Say it's walkable to restaurants
12 % Say it's walkable to grocery stores
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
$283KSince last month
Increased$2K (+0.8%)Since last year
Increased$19K (+7.1%)Since last sale
Decreased$12K (-4.1%)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 +253% in the last 10 years
| Month | Estimated value |
|---|---|
2026 | |
| September 2026 | $283K |
| August 2026 | $277K |
| July 2026 | $281K |
| June 2026 | $286K |
| May 2026 | $257K |
| April 2026 | $256K |
| March 2026 | $234K |
| February 2026 | $240K |
| January 2026 | $240K |
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 | 04/10/26 | 6 | 2 | - | |
0.04 | Multi-Family Home | $235,000 | 08/03/26 | 8 | 4 | - | |
0.28 | Multi-Family Home | $255,000 | 02/24/26 | 6 | 2 | - | |
0.24 | Multi-Family Home | $325,000 | 03/10/26 | 6 | 2 | - | |
0.16 | Multi-Family Home | $295,000 | 08/20/26 | 6 | 4 | - | |
0.21 | Multi-Family Home | $301,000 | 10/27/25 | 4 | 2 | - | |
0.38 | Multi-Family Home | $325,000 | 03/03/26 | 6 | 2 | - | |
0.14 | Multi-Family Home | $263,000 | 07/22/26 | 3 | 1 | - | |
0.22 | Multi-Family Home | $295,000 | 07/20/26 | 6 | 4 | - | |
0.12 | Multi-Family Home | $422,000 | 03/09/26 | 6 | 6 | - |
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 |
|---|---|---|---|---|---|---|
0.01 | - | - | - | - | Off Market | |
0.03 | $55,000 | - | - | - | For Sale | |
0.03 | $365,600 | 3 | 2.5 | 2,856 | Off Market | |
0.03 | $281,900 | 6 | 2 | 570 | Off Market | |
0.03 | $145,000 | 4 | 3 | 4,043 | Recently Sold | |
0.03 | $357,900 | 3 | 3 | 3,499 | Off Market | |
0.05 | - | 8 | 4 | - | Off Market | |
0.04 | $198,400 | 3 | 1 | 1,935 | Off Market | |
0.05 | $336,600 | 6 | 2 | - | Off Market | |
0.05 | $247,100 | Studio | - | - | Off Market | |
0.06 | $407,900 | 6 | 4 | - | Off Market |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Jul 13, 2026 Source: MIBOR as distributed by MLS GRID #22105658 | PriceChange | $289,900 Price decreased by 2% |
Jun 16, 2026 Source: MIBOR as distributed by MLS GRID #22105658 | Listed For Sale | $294,900 |
Mar 3, 2025 Source: Zillow Rentals | ListingRemoved | $1,000 |
Jan 23, 2025 Source: Zillow Rentals | PriceChange | $1,000 Price decreased by 5% |
Nov 19, 2024 Source: Zillow Rentals | PriceChange | $1,050 Price decreased by 2% |
Oct 15, 2024 Source: Zillow Rentals | PriceChange | $1,075 Price decreased by 2% |
Sep 5, 2024 Source: Zillow Rentals | PriceChange | $1,100 Price decreased by 4% |
Aug 20, 2024 Source: Zillow Rentals | Listed For Rent | $1,150 |
Aug 2, 2023 Source: Zillow Rentals | ListingRemoved | |
Mar 31, 2023 Source: Zillow Rentals | Listed For Rent | $1,150 |
Apr 26, 2022 Source: MIBOR as distributed by MLS GRID #21842115 | Sold | $295,000 |
Mar 24, 2022 Source: MIBOR as distributed by MLS GRID #21842115 | Pending | $299,000 |
Mar 17, 2022 Source: MIBOR as distributed by MLS GRID #21842115 | PriceChange | $299,000 Price decreased by 2% |
Mar 9, 2022 Source: MIBOR as distributed by MLS GRID #21842115 | Listed For Sale | $305,000 |
Mar 4, 2022 Source: MIBOR as distributed by MLS GRID #21819314 | ListingRemoved | |
Feb 9, 2022 Source: MIBOR as distributed by MLS GRID #21819314 | PendingToActive | $305,000 |
Jan 27, 2022 Source: MIBOR as distributed by MLS GRID #21819314 | Pending | $305,000 |
Jan 20, 2022 Source: MIBOR as distributed by MLS GRID #21819314 | Listed For Sale | $305,000 |
Jan 23, 2020 Source: Agent Provided | ListingRemoved | $795 |
Nov 2, 2019 Source: Agent Provided | PriceChange | $795 Price decreased by 4% |
Oct 31, 2019 Source: Agent Provided | Listed For Rent | $825 |
May 9, 2016 Source: N/A | Sold | $89,000 |
Mar 16, 2016 Source: N/A | Sold | $52,000 |
Oct 14, 2015 Source: Agent Provided | ListingRemoved | $65,000 |
Sep 17, 2015 Source: Agent Provided | PriceChange | $65,000 Price decreased by 13% |
Jul 29, 2015 Source: Agent Provided | PriceChange | $75,000 Price decreased by 6% |
Jun 8, 2015 Source: Agent Provided | PriceChange | $79,900 Price decreased by 7% |
Apr 17, 2015 Source: Agent Provided | Listed For Sale | $85,900 |
Mar 14, 2012 Source: MIBOR as distributed by MLS GRID #21141807 | Sold | $20,500 |
Dec 22, 2011 Source: N/A | Sold | $20,500 |
| Year | Property tax | Tax assessment |
|---|---|---|
| 2025 | $3,797 | $164,800 |
Home facts updated by county records
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Rosie Berzenye, T&H Realty Services, Inc.
Based on information submitted to the MLS GRID as of 2026-09-08 06:03:02 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 513 E 31st St
- What is the estimated monthly payment for 513 E 31st St?Based on a $289,900 list price with 20% down at today's rates, the estimated monthly payment for 513 E 31st St in Indianapolis, IN is approximately $1,842 (about $1,535 principal & interest, $232 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
- How does the list price for 513 E 31st St compare to homes in Indianapolis?513 E 31st St in Indianapolis, IN is listed at $289,900, about 16% above the $251K median sale price in Indianapolis.
- What do residents say about the Mapleton-Fall Creek neighborhood?Residents describe the Mapleton-Fall Creek neighborhood in Indianapolis, IN as pedestrian-friendly, dog-friendly, and well-kept. See homes for sale in Mapleton-Fall Creek, Indianapolis.
- What are the closest schools to 513 E 31st St?The closest schools to 513 E 31st St in Indianapolis, IN are Arsenal Technical High School (rated 2/10), Carl Wilde School 79 (Pre-K/Elementary, rated 4/10), Clarence Farrington School 61 (Pre-K/Elementary, rated 3/10).
- Does 513 E 31st St have air conditioning?Yes, 513 E 31st St in Indianapolis, IN has air conditioning.
- Does 513 E 31st St have laundry facilities?Yes, 513 E 31st St in Indianapolis, IN has laundry facilities.
513 E 31st St, Indianapolis, IN 46205 is a 6 bedroom, 2 bathroom multi-family built in 1910. 513 E 31st St is located in Mapleton-Fall Creek, Indianapolis. This property is currently available for sale and was listed by MIBOR as distributed by MLS GRID on Jun 16, 2026. The MLS # for this home is MLS# 22105658.