Looking to add to your rental portfolio, or just getting started? Here is an affordable rental with so much potential, and it's already been a money maker for the seller. 2850 side has 2 bedrooms, 1 bath, newer counter kitchen counter and includes the stove. Laundry lines have been recently replaced and there is a small pantry in the laundry room. There is also an enclosed porch off this side that leads to the garage. 2852 technically is a 1 bedroom, however there's a room that could easily be converted to be a 2nd bedroom here as well. Flat part of the roof has been replaced this year. Home does need some updates/love, but priced accordingly. Sold strictly As-Is, seller is not willing to do any further work to it. Please do your due diligence. Home was built specifically to be a duplex, not single family. Missing siding from last weeks storm being put back on this week.
Located down the street from Lucas Oil Stadium, The White River, and a large parcel owned by IEDC that appears to be being redeveloped. This property has a total of six revenue generating apartments. The 2nd floor is a 2 bedroom apartment that is rented for $300 per month. The two bedroom unit would make a great location for the property manager/owner. There is an office unit that gets $300 per month. There are 4 other efficiency apartments that each generate $250 per month in gross rent. There is a large oversized 2 car detached garage in back. An addition was built on the front of the garage giving you even more dry storage. There is tons of dry storage for business equipment and this location is conveniently a block from I70. Become a landlord and get storage for your business. This place is an investors dream. The current owner has kept rents low and there is certainly room to raise them closer to market levels. Schedule your showing today!
Renovated fully occupied 3 bedroom per side duplex!! Rents total $4220 and are section 8. 3247 rents for $2110 and is leased through 6/30/25. 3249 rents for $2110 and is leased through 6/30/25.
Check out this income producing duplex. One side is rented for $775/mo. The other side is vacant for owner occupied or immediate tenant placement. A couple minor cosmetic items to do, otherwise easy to rent. Large back yard and individual parking areas for each.
Don't miss this opportunity to own a well-maintained, tenant-occupied, full brick double in the heart of Meridian-Kessler. Walk to Patachou, Sullivan's, Fresh Market and other local shops and restaurants. Charm and character throughout with hardwood floors, 9 ft ceilings on main level, covered front porches, built-ins, fireplaces and basements. Owner has made considerable updates including new kitchen and addition of 1/2 bath on 430 side. Upstairs you'll find 3 nice-sized bedrooms and updated full baths in both units. Gas furnace and water. Subject to tenants rights.
Turnkey investment opportunity you've been waiting for! This fully occupied duplex is bringing in $2,100 a month in rent, making it a no-brainer for investors. Each side offers 2 beds and 1 bath, with brand new LVP flooring, updated electrical, and original hardwoods underneath. Both units are rent-ready, featuring spacious living rooms, dining areas, and fresh carpet in the upstairs bedrooms. Townhouse conversions are on the rise in the area, and with solid market rent potential (especially through subsidized housing), the options here are endless. Plumbing's been completely redone, and the basement is dry-locked and solid. Don't miss out-schedule your showing today!
Welcome to this exceptional multi-family property offering a solid investment opportunity. This all-brick four-plex stands out with its recent upgrades to kitchens and bathrooms, ensuring modern comfort and style. The property is 100% occupied, and each unit features 2 bedrooms and 1 bath, demonstrating its appeal in the rental market. The location is superb, just a short distance from educational, transit, shopping, and recreational amenities that enhance tenant living experiences and property value. Whether you want to expand your investment portfolio or venture into the real estate market, this property offers a compelling location, condition, and income potential package.
Welcome to this exceptional multi-family property offering a solid investment opportunity. This all-brick four-plex stands out with its recent upgrades to kitchens and bathrooms, ensuring modern comfort and style. The property is 100% occupied, and each unit features 2 bedrooms and 1 bath, demonstrating its appeal in the rental market. With a practical and well-maintained parking lot at the rear, this property provides ample parking space for tenants, adding to its desirability. The location is superb, just a short distance from educational, transit, shopping, and recreational amenities that enhance tenant living experiences and property value. Whether you want to expand your investment portfolio or venture into the real estate market, this property offers a compelling location, condition, and income potential package.
WOW! What a great opportunity! Renovated in 2022, this property is situated in a well-established and well-maintained neighborhood. Its proximity to schools, shopping centers, and churches makes it ideal for those seeking convenience and lifestyle. This duplex offers 2 bedroom/1 bath on each side and aligns perfectly with the quality of the surrounding area. Whether you're looking a home that is minutes from downtown Indy, Fall Creek park and the Monon trail. a rental property, or a home to flip, the location and amenities make this an excellent long-term solid investment What are you waiting for? Come and see this home today!
**Investor Special: Cash-Flowing 2-Bed/1.5-Bath Duplex in Indianapolis** Part of a portfolio! Attention investors! This well-maintained, cash-flowing 2-bedroom, 1.5-bathroom duplex in Indianapolis offers both immediate returns and long-term potential. Key updates include a full electrical overhaul, a new roof in 2021, and durable vinyl plank flooring throughout the first floor, with cozy new carpet in both bedrooms. The vacant unit (#1031) was recently updated in 2024, featuring a modern kitchen with granite countertops, subway tile backsplash, and new cabinetry. The bathroom has also been fully renovated with a tiled shower and new flooring, making it move-in ready for a tenant or owner-occupant. With one unit already generating income and the other ready to rent, this property is a prime investment opportunity in the Indianapolis market! This property is included in a portfolio.Total Portfolio includes MLS listings #22003397, #21995212, #22003404 & #22003403.Total portfolio price is $1,100,000.00.Portfolio may be sold in groups, individually or as a whole. Photo credit in Marketing material provided by PMI Meridian Property Management Group.
GREAT RENTAL INCOME OPPORTUNITY FOR INVESTORS OR LIVE IN ONE SIDE AND RENT OUT THE OTHER SIDE. Recently updated one story duplex with one tenant in place. This single family home has been converted into two rental units. The one bedroom unit is located in the front of the home and offers a family room with large picture window, updated kitchen with white cabinets, newer countertop, vinyl planking floors, refrigerator and plenty of room for storage plus one bedroom and full bath with skylight and new sink/vanity. The studio unit is located in the back of the home with a separate private entrance. It offers a nice kitchen with refrigerator and plenty of storage, bedroom/family room combo, and full bath with tub. The back yard is tree lined and includes a shed. Make your appointment to see this duplex today!
This beautifully remodeled duplex situated in the central Meridian-Kessler locale of Indianapolis offers a fantastic investment opportunity with tenants already in place. Completely updated in 2021, this property boasts modern amenities and a prime location, perfect for both owner-occupants or investors. Property Features: 2 units, 4925 Broadway & 4927 Broadway, with separate entrances and utilities. Each unit has been fully renovated to compliment each other in 2021, including new flooring, updated kitchens and bathrooms, and modern fixtures along with new Furnaces/AC units, electrical, plumbing, and separate back porches! The divided 2-car garage was constructed with private parking and storage for both units in addition to the alley-adjacent parking pad. Unit 4927 is equipped with a 220v electric vehicle charging port, a rare and convenient feature. Located in a desirable neighborhood with great walkability and easy access to everything Indianapolis has to offer including local shops, restaurants, and entertainment. This duplex is an ideal blend of modern comfort and convenience for you and/or your tenant(s).
Modern conveniences both inside this home AND just minutes from your doorstep! What does that mean? This interior offers completely modern and updated finishes and fixtures - from the kitchens to the bathrooms... trim and light fixtures/fans. No stone unturned with this updated duplex! Outside you will find a fresh, new privacy fenced in yard and a polished front porch with new steps. Minutes from your door step you will find convenience shopping, the Children's Musuem, Tarkington Park, eateries and nightlife, Butler University -- the works. 12 minutes to the circle and everything downtown has to offer. A popular rental that is turnkey. Both units are similarly updated - only one unit is vacant for showing purposes. Photos available for 3732 upon request. House hackers -- let 3732 pay the bulk of your mortgage and live almost free!
Fully Occupied Fourplex Near Downtown - Excellent Investment Opportunity! This meticulously renovated fourplex offers a blend of modern amenities and classic charm. The property has undergone a comprehensive studs-in/out renovation, featuring new mechanical systems including electrical, HVAC, and plumbing. Each unit boasts a fully equipped kitchen with a complete appliance package, including a washer and dryer. Additional upgrades include new bathrooms, updated flooring, windows, drywall finishes, and more. All units are separately metered for electric and gas, while water is on a shared meter. One unit also includes a finished basement, adding extra living space. Current rents range from $950 to $1,175 per month, offering substantial room for future rental growth. Situated in a prime location near downtown, with proximity to Woodruff Place, Emerson Heights, and Irvington, this property is poised for appreciation. Don't miss this incredible opportunity to maximize rental income in a rapidly developing area. Note: the vacant lot next door is not included in the sale. All units feature consistent, high-quality finishes throughout.
Discover this stunning brand-new duplex home for sale! Buy a home with a unit producing income or buy a solid investment option! Each residence boasts 4 bedrooms, 3 full baths, soaring 10-foot ceilings, and a spacious 1,036 square foot loft on the second floor - an ideal space for hosting gatherings, creating additional rooms, establishing a home office, or crafting a play area! The expansive primary bedroom measures 13x18 and includes walk-in closets, while the master bath showcases a walk-in shower, luxurious soaker tub, and a 72-inch vanity. Abundant can lighting illuminates the entire home, enhancing its inviting ambiance. The kitchen is appointed with elegant 42-inch white cabinets, granite countertops, stainless steel appliances, and cabinet lighting. Outside, smart siding, a generous deck, and mature trees adorn the exterior, adding to the home's charm. Don't miss the opportunity to explore this exceptional property today!
INVESTORS do not miss out on this incredible investment opportunity with this duplex located just minutes from downtown and within walking distant of Willard Park. Live on one side and rent the other. This duplex offers great rental potential and is perfect for investors looking to expand their portfolio. The vacant duplex is in need of renovations. Windows are 8 years old, heating, a/c and water heater less than 2 years old. Call for your showing today.
Charming Updated Cash Flowing Duplex! This property gross's $1750/mo in rental income. It was updated prior to the tenants moving in. Ideal for investors looking for a turn-key, well-maintained income generating property.
This is a 1945's rehabbed single story 4 bedroom 2 bath 2 laundry 2 kitchens duplex or SFR transitional housing opportunity. For the non-traditional investment approach at $200 per bed per week this recently improved investment can be filled within 30 days. We have the management piece already put together for you. At the suggested rate the investment is projected to Gross $44,000. Expense estimates/projections: Water/Sewer/Gas $87 per month, Electric $128 per month, Insurance $150 per month, Property Taxes $93 per month, Property Management $733 per month. We inflated utility expenses to approximately $250 per month to give us a pro-forma of $14,720 in total expenses (including management fee). Cash Flow on the investment would bring an estimated $17,855 per year for an investor bringing 20% down and a mortgage payment of $952 per month. Bringing a proforma cash on cash return estimate of 45%.
Nestled in the heart of Indianapolis' sought-after Bates-Hendricks neighborhood, this well-maintained duplex offers a fantastic investment opportunity or the perfect chance to live in one unit while renting out the other. Each side of this duplex features 2 bedrooms and 1 bathroom, providing comfortable living spaces for occupants. The home boasts a fenced-in backyard on both sides, offering privacy and outdoor enjoyment. A convenient parking pad is located at the back of the property, along with a charming covered back porch-ideal for relaxing or entertaining. 411 side has been newly refurbished, while the 409 side offers great potential for customization. This property is just minutes from downtown Indianapolis, offering easy access to local shops, restaurants, parks, and entertainment. Don't miss out on this great opportunity in a vibrant and rapidly developing community!
Discover the potential of this vacant duplex, a fantastic income property ready for the next investor or homeowner looking to generate rental income. This newly built duplex features two units, each offering 1,170 square feet of living space. Each side includes spacious living areas, kitchens, 2 bedrooms, and 1.5 baths, perfect for future tenants. With both units vacant, this property offers the flexibility to set rents live in one side while renting out the other. Whether you're a seasoned investor or a first-time buyer looking for passive income, this property is ready to start generating cash flow!
Welcome to this meticulously maintained duplex in the dynamic neighborhood of Fountain Square, just a stone's throw from Downtown Indianapolis. Presenting a remarkable opportunity for both savvy investors and those looking to dip their toes into the real estate market while offsetting living expenses. This property has been successfully utilized as both a short-term and mid-term rental, demonstrating a robust history of consistent revenue generation. With its dual-unit configuration, investors can continue to leverage its income-producing potential across different rental markets, enhancing both flexibility and financial returns. It's an deal live-in investment for those considering an owner-occupant approach, this duplex offers an optimal solution. Reside in one unit and rent out the other to help cover mortgage costs, effectively reducing living expenses while building equity in a thriving market. Key Features Include: Contemporary kitchens in each unit, complete with all the modern conveniences needed for a turnkey operation. Generously sized living spaces designed to ensure comfort and appeal in the rental market. Strategic separation between units to ensure privacy and tenant satisfaction. This property is located perfectly for growth and convenience situated minutes from downtown, tenants or homeowners can enjoy easy access to Indianapolis's top attractions, culinary hotspots, and retail options. Fountain Square itself is renowned for its vibrant arts scene and community-centric events, boosting the locale's desirability and rental appeal. Don't miss out on this dual-purpose property, ideal for those aiming to invest in a lively area with proven demand and growth potential. A perfect starter investment or a smart addition to your portfolio, ready to generate income from day one.
This beautifully remodeled and renovated 3-bedroom, 2-bathroom duplex is nestled in the sought-after Bates-Hendricks neighborhood, just minutes from downtown Indianapolis and the vibrant Fountain Square district. Whether you're a homeowner or an investor, this charming property offers endless potential as both a primary residence and a source of passive income. Perfect for house hacking, this duplex allows you to live in one unit while renting out the other, helping offset your mortgage and living expenses. Notable features include brand-new electrical and plumbing systems, all-new appliances, an electric fireplace, a tiled shower, and a fully updated kitchen. With its turnkey condition and prime location, this home presents a fantastic opportunity to live comfortably while generating income-making it a smart investment.
Welcome to the combined duplex (6 bedrooms/4 baths/2 kitchens.) Incredible near-north downtown Indy location - right on the Monon Trail in the up and coming Monon16 district. The immediate area offers some quaint restaurants, breweries/distilleries and coffee shops all within walking distance! Freshly renovated interior that's fully furnished offers you and your guests the perfect retreat for your downtown visit! 4 kings & 2 queens on 1st floor! Lightning-fast Wifi & high-end amenities! also close to Mass Ave, Lucas Oil, convention center, hospitals and fairgrounds. House Hackers - Take note! This versatile home offers the perfect opportunity for first-time investors or co-housing! Use as an investment and cut your monthly expense in half! This fully-furnished home offers 6 bedrooms, 2 living areas, 2 kitchens and 2 dining/flex spaces plus a total of four baths (2 full and 2 half) that can be opened up for communal living or completely divided and closed off with a fire-rated steel door that is concealed by a sliding barn door! Share this home and purchase with friend(s) or family... OR if you are looking for some extra income keep it set up as a fully furnished rental! Utilities are metered separately. Large living areas with electric fireplaces, an adjacent dining area that could also be an office or playroom, updated kitchens with stainless appliances, engineered stone tops, white cabinets w/ pantries. Front and rear covered porches for outdoor entertaining plus a fully fenced yard that is currently divided down the middle (could easily be removed). Off street paved parking in rear. In this challenging economy, consider this a way to make your life easier! Only one block from the Monon Trail... and just minutes from IUPUI, Lucas Oil, Mass Ave/Bottleworks, hospitals (for travel nurse guests), the Convention Center... all the best Indy has to offer.
Awesome House-Hack Opportunity or use as Move-In Ready 4/5BR 2BA! Live in one side and rent the other with added bonus of homestead exemption lowering property taxes. Large side is a 3-bedroom, 1-bathroom home. The efficiency apartment/in-law suite rents for $700/month on month to month lease, includes a kitchen, bedroom, and bathroom and its own separate entrance. Spacious family room with walls of windows providing tons of natural light. Open floor plan connects to kitchen with tons of cabinet & counter space, features a center island with butcher block and breakfast bar, making meal prep a breeze. All kitchen appliances, including a brand-new gas stove, are included. New water heater. Massive primary bedroom. Newer laminate flooring throughout adds a contemporary touch. The separate laundry room comes equipped with a washer and dryer. Reconnecting this suite to the main home is easy with the removal of a single wall. Tucked away from the street, this property offers a long driveway with ample parking. Located just minutes from downtown, major highways, shopping, dining, parks, schools, and entertainment. Don't miss this incredible opportunity!
Albert Wright Page, License RB14038157, Xome Inc., License RC51300094, [email protected], 844-400-XOME (9663), 4471 North Billman Estates, Shelbyville, IN 46176
The information is being provided by Metropolitan Indianapolis Board of REALTORS®. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. © 2021 Metropolitan Indianapolis Board of REALTORS®. All Rights Reserved.
Indianapolis is located in Indiana. Indianapolis, Indiana has a population of 853,431. Indianapolis is less family-centric than the surrounding county with 26.4% of the households containing married families with children. The county average for households married with children is 26.59%.
The median household income in Indianapolis, Indiana is $44,709. The median household income for the surrounding county is $44,869 compared to the national median of $57,652. The median age of people living in Indianapolis is 34.1 years.
The average high temperature in July is 84 degrees, with an average low temperature in January of 19.9 degrees. The average rainfall is approximately 42.7 inches per year, with 21.9 inches of snow per year.
