Skip to content

515 Sutherland Avenue

Indianapolis, IN 46205

ActiveListed Sep 5, 2026 · 43 days on market

Key facts

Lot
0.08 acres
Year built
1900
Type
Residential Income · Duplex
Stories
Three or more
MLS #
22124636
County
Marion
Subdivision
Wrights Park Ave

About this home

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).

Description provided by the listing brokerage.

Interior

Laundry
Connections All
Security
Smoke Detector(s)
Condition
Updated/Remodeled

Exterior

Roof
Shingle
Construction
Wood Siding
Foundation
Brick
Style
CraftsmanTraditional
Fencing
Partial

Systems

Heating
Forced Air
Cooling
Separate Meters

Lot and HOA

Lot features
SidewalksMature Trees

Schools

School district
Indianapolis Public Schools

Taxes

Estimated annual tax
$9,248 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$3,019per month, estimated
Principal and interest $2,102Property tax $771Insurance $146
20% · $83,400
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.

Talk to a lender we trust
Talk to Roots

Want us to run the numbers with you?

Book a consultation and a Roots agent will help you pressure-test the payment, repairs, resale, and rent.

Listed at$417,000
Talk to Roots

Ready to plant roots in Indianapolis?

Book a consultation and a Roots agent will help you turn the next move into a real plan.