515 Sutherland Avenue Indianapolis, IN $ 417,000
515 Sutherland Avenue
$ 417,000
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515 Sutherland Avenue

Indianapolis, IN, 46205
$ 417,000
Bedrooms-- Baths0.0

Monthly Estimate*

$ 2,880

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Multi-Family Home for sale in Indianapolis, IN

for $417,000. This home was built in 1900 on a lot size of 0.08.

Live in one side and let the other help pay the mortgage! This updated duplex offers a fantastic opportunity for an owner-occupant looking to house hack or an investor seeking a versatile addition to their portfolio. Each unit features 2 bedrooms, 1.5 baths, plus finished third-floor attic space offering valuable flexibility as a bonus room, home office, dressing area, hobby space, or additional storage. Both units have benefited from numerous updates and improvements. The 515 side features renovated bathrooms, updated kitchen finishes including granite and butcher block countertops, updated plumbing and light fixtures, newer carpeting, a repaired rear porch, replacement dishwasher and recently replaced washing machine. A portion of the exterior sewer line serving the property was also replaced approximately two years ago. The 517 side has been freshly painted throughout and features new granite kitchen countertops, an updated upstairs bathroom, updated plumbing and light fixtures, newer carpeting throughout the stairways and third floor, a newer refrigerator, and recently replaced washer and dryer. The rear deck has also received additional repairs and fresh paint. With two spacious units, flexible finished attic areas, separate living spaces, and extensive updates already completed, this property offers options for a variety of buyers. Live in one unit while generating rental income from the other, rent both units for investment income, or create a multigenerational living arrangement while maintaining separate spaces.Conveniently located with access to everything Indianapolis has to offer, 515-517 Sutherland is ready for its next chapter. Home is on Indiana Historic Landmark Registry (see attached covenant).

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Multi-Family Active

Price

$ 417,000

Property Type

Multi-Family

Taxes

$ 9,248

Style

Craftsman,Traditional

Lot Size

0.08

Year Built

1900

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

22124636

Features
General
Heating Forced Air
Cooling Separate Meters
Possession Closing
Roof Shingle
Architectural Style Craftsman Traditional
Security Features Smoke Detector(s)
Construction Materials Wood Siding
Year Built 1900
Tenant Pays All Utilities
Township Center
Levels Three Or More
Property Subtype Duplex
Tax Year 2025
Current Use Residential
County Marion
New Construction N
Property Type Residential Income
Subdivision Name Wrights Park Ave
Facing Direction North
Status Active
Directions GPS Friendly
City Indianapolis
High School District Indianapolis Public Schools
Number Of Units Total 2
MLS Area 4910 - Marion - Center
Lot Size Square Feet 3311
Property Attached Y/N N
Current Financing Conventional FHA VA
Property Condition Updated/Remodeled
Additional Parcels Y/N N
Structure Type Duplex
Standard Status Active
Tax Lot 25 and 24
Legal Description Wrights Park Ave Add 35Ft W Of 30Ft E End L25& 44.53Ft Wl X 44.58Ft El N Pt L24 S & Adj
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Exterior
Fencing Partial
Lot Features Sidewalks Mature Trees
Foundation Details Brick
Lot Size Acres 0.08
Road Surface Type Asphalt
Road Frontage Type City Street
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Interior
Basement (Y/N) Y
Laundry Features Connections All
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* Excluded Features
List By
F.C. Tucker Company

Broker

dawn.mcclara@talktotucker.com

Email

Affordability Calculator

$3,651
Per Month
79%
21%
0%
Monthly Principal & Interest
$2,880
Monthly Property Taxes
$771
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4044905 Elementary School
4044909 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/5/2026$417,000 Listed Price

Map


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515 Sutherland Avenue, Indianapolis, IN, 46205 is a Multi-Family Home for sale at $417,000 with a lot size of 0.08. 515 Sutherland Avenue has 0.0 baths and was built in 1900. The property's zip code is 46205 which is in Indianapolis, IN