Sheldon Barnes
For Sale — 1421 King Avenue, Indianapolis, IN 462221421 King Avenue
Indianapolis, Indiana 46222
A V Browns Riverside Park
$125,000
Schedule a Showing3
Beds
1
Baths
1,120
Sq Ft
1920
Year Built
0.1
Acres
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ABOUT THIS HOME
Excellent investment opportunity near Speedway! This rental is a three bedroom single family home with long term tenant in place, currently month to month and wants to renew. Rent is $1,175 per month. Additional 7 properties available from same seller/agent, varying conditions. Property is sold in Receivership - requires UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK approval of contract prior to closing. Property is sold as-is. Buyer to be responsible for all costs on the settlement statement except for Seller paid commissions and management fees. Please see the attached documents. The Seller Addendum must be executed and delivered with all Purchase Offers along with all disclosures and proof of funds. Property is sold as-is. Seller will not assume responsibility for any required repairs to the home to qualify for financing. Seller Addendum is required and must be delivered along with Purchase Offer, disclosures, and proof of funds/pre-approval. See MLS docs. Minimum 24 hour notice for showing requests as tenant must be notified. Management office is open Mon-Fri 9am-4pm.
Key things to know
- Established tenant in place
- 1,175/month rental income
- Near speedway
- Portfolio opportunity (7 additional properties available)
Monthly payment
Estimate · $125,000
$833/mo
≈ $665 principal & interest · $168 tax
Estimate only. Actual payment depends on lender, taxes, insurance, and HOA. Down payment $25,000 on a loan of $100,000.
Price history
- Listedat $125,000
Apr 14, 2026
A V Browns Riverside Park · activity
past 6 months
- Sold
- 7
- Median price
- $20,250
- Median DOM
- 26 days
Recent comparable sales
$73,400
328 S Addison Street
2bd · 1ba · 864 sqft
Sold May 2026
$102,000
1059 N Elder Avenue
2bd · 1ba · 1,008 sqft
Sold May 2026
$195,100
1909 N Goodlet Avenue
4bd · 2ba · 1,176 sqft
Sold May 2026
$178,900
4047 Arcadia Street
3bd · 1ba · 972 sqft
Sold May 2026
$85,000
2609 Jackson Street
3bd · 1ba · 1,201 sqft
Sold Apr 2026
Comparative value
5 comps in this range
This home is 23% above median for similar nearby sales.
Want to know anything specific? Ask about updates, finishes, the basement, the yard — I read the listing's photos, MLS data, and remarks and cite what I find.
FEATURES & AMENITIES
Interior
Climate
THE FACTS
Pricing trajectory, room-by-room layout, schools, and what's nearby.
Price history
$125,000Listed· Apr 14, 2026
1 days on market
Layout
Schools
MSD Wayne Township
Neighborhood
- Downtown Indianapolis2.7 mi
- Zionsville Community HS12.4 mi
- Carmel Central Park12.6 mi
- Monon Trail (Carmel)12.7 mi
- Carmel High School13.4 mi
- Carmel Arts & Design District14.0 mi
PROPERTY DETAILS
Combined data from the listing and Hamilton County records
Living Area
1,120 sq ft
Year Built
1920
Stories
One
Subdivision
A V Browns Riverside Park
Bedrooms
3
Bathrooms
1 full
School District
MSD Wayne Township