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257 N Tacoma Avenue

Indianapolis, IN 46201

ActiveListed Mar 19, 2026 · 199 days on market

Key facts

Beds
4
Baths
4 full
Living area
2,120 sqft
Lot
0.1 acres
Year built
1955
Type
Residential · Single Family Residence
Stories
Two
MLS #
22090355
County
Marion
Subdivision
A M Ogle Et Al East Park
Total building area
2,392 sqft

About this home

$4,100/Month in Rental Income! Fully renovated, turnkey investment property offering immediate income potential! Both units are currently tenant-occupied, with the 4-bedroom, 4-bathroom main home generating $2,700/month & the converted garage featuring a 2-bedroom, 1-bathroom apartment generating an additional $1,400/month. With a combined rental income of $4,100/month, this property presents an excellent opportunity for investors seeking a move-in-ready, income-producing asset. Both units can also be delivered vacant at closing, offering flexibility for owner-occupants or investors looking to establish their own rental arrangements.

Description provided by the listing brokerage.

Interior

Appliances
Electric CooktopDishwasherMicrowaveOvenDouble OvenRefrigerator
Interior features
Breakfast BarHigh CeilingsEat-in KitchenPantryKitchen Island
Basement
Unfinished
Laundry
Connections All
Rooms
7
Main-level bedrooms
2
Condition
Updated/Remodeled

Exterior

Exterior features
BalconyFire Pit
Patio and porch
Deck
Construction
Wood Siding
Foundation
BlockCrawl SpacePartial
Style
Craftsman
Parking and garage
Alley AccessOn Street
Fencing
FullFront Yard

Systems

Heating
Gas
Cooling
Central Air
Water
Public

Schools

School district
Indianapolis Public Schools

Taxes

Estimated annual tax
$2,838 / yearTwice the semi-annual installment the listing reports.
Tax year
2024

Estimate your monthly payment

$2,366per month, estimated
Principal and interest $1,991Property tax $237Insurance $138
20% · $79,000
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

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Listed at$395,000
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