Excellent duplex investment opportunity in the rapidly revitalizing Meridian Park/Boulevard Square area, surrounded by numerous renovated homes and ongoing redevelopment. Each side features 3 spacious bedrooms, 1 full bath with a tub/shower combination, durable LVP flooring throughout, and a full basement for additional storage. Both units offer a covered front porch, generous living room, separate dining area, full kitchen with ample cabinetry and counter space, and a rear deck. The functional floor plans and strong rental demand make this an attractive addition to any investment portfolio. Conveniently located with easy access to Fall Creek Parkway, providing quick commutes to Downtown Indianapolis and the Northside. Public transportation is just steps away, including IndyGo bus service and the Red Line. Unit 515 is currently vacant and requires only minor cosmetic touches to be rent-ready, presenting an immediate value-add opportunity. Unit 513 is tenant-occupied at $1,050 per month with a lease in place through March 2027, providing stable income from day one. Major updates include a new roof (April 2022), new A/C units (April 2023), and Sewer line updated & cleanout installed in April 2026. A solid income-producing property in one of Indianapolis' fastest-growing neighborhoods.
Excellent opportunity for investors or house hackers at 3140 Asbury St! This side-by-side ranch duplex features two mirror-image units, each offering 2 bedrooms, 1 full bath, and 728 square feet. Both units have dedicated off-street driveways, while the left unit also includes a private garage and the right unit has a large storage shed. The vacant left unit is clean, well-maintained, and move-in ready, with attractive laminate flooring, a spacious living room and dining area, central heat and air, and a full-size side-by-side laundry area. The bathroom offers a tiled tub/shower surround, newer vanity, and updated light fixture. The kitchen is functional as-is but presents an excellent opportunity for cosmetic improvements and added value. The occupied unit rents for $1,049 per month through 11/30/26, providing immediate income, while estimated market rent for the vacant unit is approximately $1,100 per month. Once fully occupied, the property is projected to generate over $2,100 in monthly gross rent and exceed the coveted 1% rule. Utilities are not separately metered and are paid by the owner. Landscaping is also the owners responsibility. Situated on a spacious, flat .30-acre lot, both units enjoy generous front and rear yard space. The property features a brick front with low-maintenance vinyl siding and is located in a quiet residential neighborhood near University Heights and Garfield Park, approximately 10 minutes from downtown Indianapolis. Sarah Shank Golf Course is just blocks away, with Garfield Park and Sarah T. Bolton Park also nearby. Professionally managed by PMI Midwest, whose services may be retained for a seamless transition.
Attention Investors: Immediate Cash Flow & Turnkey Convenience! Welcome to 340 S LaSalle St-a fully renovated, dual-income property generating $3,146 in gross monthly rent with Section 8 tenants already in place. Main House: A beautifully updated 4-bed, 2-bath home featuring a private primary ensuite. Completely remodeled from top to bottom with a new roof, modern flooring, a fresh kitchen, and dedicated laundry space. Section 8 tenant secured on a 1-year lease at $2,046/month. Rear ADU: A separate, fully renovated 1-bedroom unit also occupied by a Section 8 tenant, bringing in an additional $1,150/month. With all major capital improvements completed and reliable, government-backed income guaranteed from day one, this is the ultimate low-maintenance addition to your portfolio.
An exceptional turn-key investment or premier "house-hacking" opportunity awaits at 3701 N Capitol Ave, a charming Indianapolis duplex packed with recent capital improvements. Capitalize on immediate rental income from one side currently generating $725/month, while utilizing the vacant, newly refreshed unit that features a fresh bathroom remodel (2024), a newer water heater (installed within the last 5 years), and a robust pro forma rental potential of $900-$950/month. The property features a whole-house exterior paint refresh (June 2026), alongside long-term mechanical peace of mind provided by a newer roof and a fully installed perimeter fence (both completed in 2018). Tenants and owner-occupants alike will appreciate the convenient off-street dedicated parking pad located directly behind the home via alley access, eliminating the hassle of street-only parking. Situated just minutes from downtown Indianapolis, this location offers unbeatable proximity to the heart of the city, bustling local shops, dining hotspots, and public transit, making it a stellar addition to any real estate portfolio or the perfect place to live for free while your tenant pays the mortgage.
Turnkey investment opportunity featuring a new construction duplex in a rapidly developing area near downtown Indianapolis. This well-maintained property offers modern finishes that attract and retain quality tenants, including granite countertops, white shaker cabinetry, stainless steel appliances, luxury flooring, and spacious open-concept living areas. Each unit is thoughtfully designed with private entrances, dedicated parking, in-unit laundry, and functional floor plans that provide strong rental appeal. Located just minutes from downtown Indianapolis, major employers, hospitals, universities, and interstate access, the property benefits from a highly desirable location with consistent rental demand. With low-maintenance construction, contemporary finishes, and established tenancy, this asset provides investors the opportunity to acquire a stabilized income-producing property with long-term growth potential in one of Indianapolis's most active rental markets.
Beautifully renovated inside & out duplex & ready for immediate move in! Ready to house hack or generate a high ROI? This is the ONE! A true hard-to-find opportunity in the heart of Indianapolis! within minutes of downtown, close to shopping, parks & much more!
House Hack Opportunity!! This duplex offers a lot of flexibility and opportunity if you are looking for a renter to pay your mortgage or if you are an investor just looking for a great addition to your portfolio. Both units have recently had extensive renovations to them with on unit rented at $695/month and the other ready for a new tenant or to move right into. Both units offer many classic finishes such as the hardwood floors, but also have updates such as the kitchen/bath improvements, paint, and more! If you are looking for an affordable yet solid duplex, then this is the one for you !
Don't miss this fantastic duplex opportunity just minutes from downtown Indianapolis! Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the other, this property offers flexibility and strong potential. Each spacious unit features; 2 bedrooms, 1 bathroom, Approximately 1,300 sq ft of living space. This is a Perfect opportunity for Investors seeking cash flow and long-term appreciation, or owner occupants looking to live in one unit and cash flow on the second. Properties with this much space and versatility in such a desirable location don't come along often. Schedule your showing today!
Attention AirBNB investors: Add a high-performing asset to your portfolio with this beautifully decorated, fully furnished duplex. Completely remodeled in 2022, this property boasts a stellar "Guest Favorite" track record with rock-solid financials and a strong rental history to prove it. Private documents include TTM report showing $80,531.47 of gross income in trailing 12 months. Perfectly positioned to capture premium rates, this prime location is a magnet for Indiana's massive tourism and convention drivers, including Grand Park, Gen Con, the Indiana Convention Center, major sports games, concerts, and the Indy 500. Unlike standard rentals, this duplex is built for high-revenue, multi-guest, and extended stays. Each unit features a full kitchen and an abundance of bathrooms, making it the ultimate setup for sports teams and corporate groups who stay longer. Investor Highlights: 100% Turnkey: Sold fully furnished with durable, high-end decor optimized for guest comfort. Smart Tech: Equipped with Yale smart locks for seamless, remote code management. Owner Storage: Includes a full basement and 4 garage bays locked off from guests-perfect for turnover supplies, linens, or spare vehicles. ***Note*** This is an active Airbnb. To protect the guest experience, there is no signage on-site. Showings must be flexible and scheduled around guest check-outs. Step into immediate cash flow on day one with a battle-tested property that is ready to dominate your portfolio!
Brand-New 4-Unit Multifamily Quadplex in Monon Yard - in the permit stage. Construction will begin in June. Presenting an exceptional opportunity to own a newly constructed four-unit apartment building located in the growing Monon Yard neighborhood. This purpose-built multifamily asset is designed for strong rental performance, modern tenant appeal, and low-maintenance long-term ownership. Each of the four units offers 983 square feet of well-planned living space, providing a highly rentable layout. With all units delivered new, buyers can expect reduced operating costs, minimal maintenance, and strong demand from tenants seeking modern living near one of Indy's most active redevelopment corridors. Drawings are in supplements. Photos are from a recently completed unit. Location Highlights: * Close proximity to the Monon Trail * Easy access to Downtown Indianapolis, Broad Ripple, IU Health and major employment centers * Surrounded by continued investment and new residential development * Walkable and bike-friendly area with improving amenities This is a rare chance to acquire a brand-new four-unit building. Ideal for investors seeking stable long-term returns, low vacancy potential, and a property positioned for strong appreciation. This is also an excellent opportunity for an owner occupant to reside in one unit and rent the others.
1% rule or better possible!! Also great for house hacking. Live in one side and rent the other. Make someone else pay your mortgage :-) Fully Renovated Duplex Investment Opportunity! This beautifully renovated duplex features two identical units, each offering 2 bedrooms and 1 bathroom. The property has been completely redone from top to bottom, with extensive updates throughout both the interior and exterior making this a perfect move-in-ready opportunity for investors or owner-occupants alike. Don't miss the chance to own a turnkey duplex with modern finishes and major improvements already completed. DOUBLE LOT TO THE EAST IS FOR SALE FOR 40K IF INTERESTED AS WELL.
Recently renovated this quadplex offers an exceptional investment opportunity in one of the city's most desirable and rapidly developing locations. Each upper unit features 3 bedrooms and 2 full baths, while the two lower-level units offer 1 bedroom and 1 bath, creating an ideal mix of unit sizes for strong rental demand and income flexibility. The property has been updated with newer furnace systems, water heaters, modern finishes, and thoughtfully designed layouts throughout, leaving zero deferred maintenance for the next owner. Positioned near major employers, downtown access, and popular neighborhood amenities, this high-yield asset is surrounded by continued growth and development, making it a prime plug-and-play opportunity for investors seeking long-term appreciation and immediate cash flow.
Put on your Investor hat and consider adding 1114-1116 W 31st Street to your portfolio. Fully updated interior with new LVP flooring, fresh paint, new kitchen and baths and updated fixtures. Rents are projected conservatively at $1275/month/side. Come see today!
Introducing 3441 Prospect! This top/bottom duplex has been fully renovated and ready to earn you great cashflow! Lower unit is currently rented at $1600/month, upper unit vacant and advertised at $1400/month. Come see today!
Incredible turnkey investment opportunity in the heart of Near Eastside! This entire residential multi-family building features both units completely and newly remodeled this year (2026), offering a seamless, maintenance-free addition to your portfolio. Structurally sound with a historical 1910 character and an effective modern design, the property is split into two perfectly layout-optimized units. Each side delivers an expansive 3-bedroom, 2-full bathroom floor plan, featuring a spacious front living area, a functional modern kitchen, and a primary bedroom situated quietly in the back on the first floor. Capitalize on strong rental demand with completely updated interiors, modern flooring, pristine updates, and an easy-access frontage road lot layout with minimal maintenance. Perfect for a savvy landlord looking for immediate cash flow or an owner-occupant wanting a premier house-hack setup. Don't miss out on this fully renovated, double-income generating asset!
Don't miss this exceptional income-producing duplex offering two spacious 3-bedroom, 1.5-bath units a perfect opportunity for investors and aspiring house hackers alike. Thoughtfully updated and move-in ready, this property features central air, new entry doors, washer and dryer, updated appliances, brand-new attic insulation, and a roof that's less than one year old. The 1056 unit has also been freshly painted throughout, giving it a clean, modern feel that's ready for its next occupant. Whether you're looking to expand your investment portfolio or take advantage of the house hacking strategy by living in one unit while renting the other, this property checks all the boxes. With average rents in the area ranging from $1,300 to $1,450 per 3-bedroom unit, the income potential is outstanding. Conveniently located just minutes from I-65, you'll enjoy quick access to downtown and an easy commute to major employers, shopping, dining, and entertainment. As an added incentive, the seller is open to offering reasonable concessions with a full-price offer, creating additional value and flexibility for qualified buyers. Opportunities like this don't stay on the market for long. Whether you're an investor seeking strong cash flow or a buyer looking to offset your mortgage by renting one side, this turnkey duplex is ready to help you build long-term wealth through real estate.
Welcome to a rare investment and lifestyle opportunity to own a beautifully renovated duplex in the heart of the desirable Fountain Square neighborhood on a quiet and residential street just two blocks from FS's vibrant center and iconic fountain, you'll enjoy easy access to popular restaurants, cafes, and local shopping. This high producing mid-term property has a 4.9-star airbnb review and has been completely transformed through an extensive gut renovation. Each side of the duplex is a 2-story townhouse with 3 bedrooms and 3.5 bathrooms and provides ideal separation between living and sleeping areas as well as an abundance of bathrooms for convenience for residents and guests alike. Additional highlights include 4 dedicated parking spaces created at the rear of the property. Currently operating as high-performing mid-term furnished rentals and corporate housing (1 to 6 month stays) with exceptional revenue, this property presents a turnkey investment opportunity with strong income potential. Higher income potential if operated as short-term rentals.
Unbeatable investment opportunity to own a 6-unit building in the prime of the historic Irvington district. Currently operating as high-performing mid-term furnished rentals this 4.8-star airbnb review and corporate housing (1 to 6 month stays) with high ROI, this property presents a turnkey investment opportunity with strong income potential.This property features Perfectly positioned on a quiet residential street just 1.5 blocks from Irvington's vibrant center, this property is close to popular restaurants, cafes, and local shopping. Each of the six 1 bedroom/1 bathroom units have been thoughtfully renovated a few years back. As part of the renovations, the basement was transformed to create a laundry room, supplies room and storage rooms. Additional highlights include a parking lot with 6 dedicated parking spaces at the rear of the property with space for 2 extra spots. Higher income potential if operated as short-term rentals.
Great investment opportunity to own a renovated duplex in the Bates Hendricks neighborhood. Currently operating as high-performing 4.9-star airbnb mid-term furnished rentals and corporate housing (1 to 6 month stays) with high ROI, this property presents a turnkey investment opportunity with strong income potential. Located on a quiet residential street, it is only a mile from the center of Fountain Square's vibrant area with popular restaurants, cafes, and local shopping as well as only 1.5 mile from downtown Indianapolis. Completely renovated a few years back, each side of the duplex is a 2-story townhouse with 3 bedrooms and 2 full bathrooms and provides ideal separation between living and sleeping areas. Higher income potential if operated as short-term rentals.
Experience a turnkey investment opportunity of a renovated duplex on the east side of the desirable Fountain Square neighborhood. This is a standout 4.8-star review high performing mid-term airbnb located less than a mile from the center of Fountain Square's vibrant area with popular restaurants, cafes, and local shopping. Completely renovated a few years back, each side of the duplex is a 2-story townhouse with 2 bedrooms and 2 full bathrooms and provides ideal separation between living and sleeping areas. Operating as high-performing mid-term furnished rentals and corporate housing (1 to 6 month stays) with high ROI, this property presents a turnkey investment opportunity with strong income potential. Higher income potential if operated as short-term rentals.
Rent-ready duplex on Indy's east side! The American Foursquare architectural style, with its traditional lines, provides a timeless appeal. Enjoy the seamless indoor-outdoor living with a welcoming porch, perfect for morning coffee, and a covered deck, ideal for evening relaxation and entertaining. This property offers a lifestyle of comfort and convenience, ready for you to make it your own. Close to schools, shopping and minutes from downtown Indianapolis.
Rare opportunity to purchase two furnished, income-producing mid-term rental properties preferably sold as a pair in one of Indy's most convenient near-downtown locations. Located at 1119 and 1123 S Randolph St, these two neighboring homes share a backyard and have been successfully utilized as furnished rent-by-the-room stays, primarily serving healthcare professionals and traveling tenants looking for flexible housing near downtown Indianapolis, Fountain Square, local hospitals, and major employment hubs. The properties offer a strong current income, operational flexibility, and long-term upside. Each home is already furnished and currently operating as a room-by-room rental, creating a turnkey opportunity for an investor looking to step into an existing mid-term rental model rather than build one from scratch. Income for 1119 S Randolph St generated $36,157.17 in total gross income, while 1123 S Randolph St generated $32,215.26 in total gross income. Together, the two properties produced $68,372.43 in total gross income during that period. Whether continuing the current furnished rent-by-the-room strategy, transitioning to traditional mid-term rentals, or exploring another furnished housing model, this package gives investors multiple paths to operate and optimize. With proximity to downtown Indy, Fountain Square, local hospitals, major interstates, restaurants, nightlife, and employment centers, these homes are well-positioned for continued tenant demand from traveling healthcare workers, professionals, and renters seeking flexible furnished housing.
Investment opportunity, owner-occupant dream, or short-term rental potential in one of Indianapolis' most sought-after locations! Situated just off College Avenue and 54th Street, this classic duplex offers the perfect blend of updated amenities, historic charm, and unbeatable convenience. The 642 side has been fully updated and features a newer HVAC system and water heater providing peace of mind for years to come. Currently leased at $1,725 per month through January, it offers immediate income for investors. The 644 side is vacant and move-in ready, showcasing timeless character with beautiful original hardwood floors and endless possibilities for an owner-occupant or new tenant. Enjoy double covered front porches with separate entrances for each unit, creating privacy and curb appeal, along with private rear parking for added convenience. The roof was replaced in December of 2024 and whether you're looking to house hack, expand your rental portfolio, or live in one unit while generating income from the other, this property checks all the boxes. Located in the heart of Midtown Indianapolis, you're just minutes from Downtown, Broad Ripple, and major northside destinations. Walk to popular restaurants, coffee shops, parks, and neighborhood favorites while enjoying easy access to everything the city has to offer. For investors seeking flexibility, the area's prime location and strong demand make it an attractive option for short-term rentals as well. Opportunities like this in such a desirable location don't come around often!
This distinguished duplex, constructed in 1925, stands as a testament to enduring quality and offers an inviting, ready-to-move-in condition. The exterior of this residence showcases an American Foursquare architectural style, blending traditional elements with a timeless appeal. A welcoming porch extends an invitation to enjoy the surroundings. Further enhancing its appeal, the property includes a functional basement, providing additional utility and storage options. The substantial 5184 square foot lot offers ample outdoor space. We invite you to discover the charm of this remarkable two-story property!
Discover a unique opportunity at 2825 / 2827 E Michigan ST, INDIANAPOLIS, IN, USA. This inviting duplex, originally built in 1923, offers a ready-to-move-in condition, presenting a seamless transition to your new lifestyle. Its distinct character and enduring appeal provide a foundation for comfortable and convenient living. The property features a welcoming porch, offering an ideal space for morning coffee or evening relaxation. This versatile outdoor area extends the living space, perfect for enjoying the vibrant neighborhood atmosphere. Embrace the possibility of dual living or an income-generating asset in this charming duplex; inquire today to schedule your personal viewing.
Albert Wright Page, License RB14038157, Xome Inc., License RC51300094, [email protected], 844-400-XOME (9663), 4471 North Billman Estates, Shelbyville, IN 46176
Listings courtesy of MIBOR as distributed by MLS GRID. Based on information submitted to the MLS GRID as of {{last updated}}. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. © 2024 Metropolitan Indianapolis Board of REALTORS®. All Rights Reserved.
Indianapolis is located in Indiana. Indianapolis, Indiana has a population of 880,104. Indianapolis is less family-centric than the surrounding county with 26.56% of the households containing married families with children. The county average for households married with children is 26.96%.
The median household income in Indianapolis, Indiana is $54,321. The median household income for the surrounding county is $54,601 compared to the national median of $69,021. The median age of people living in Indianapolis is 34.3 years.
The average high temperature in July is 84 degrees, with an average low temperature in January of 19.5 degrees. The average rainfall is approximately 42.4 inches per year, with 21.6 inches of snow per year.
