REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by rolonda lolla • Austyn Avenue Real Estate
$ 179,900
Est. payment | /mo
5,227 Sqft Lot
$ 179,900
Est. payment | /mo
5,227 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision No Subdivision
MLS Listing ID 22062126
Year Built 1945
Tax Year 2024
Lot Size 5,227 Sqft
Acres 0.12
Property Sub-Type Duplex
Property Description
Turnkey Duplex - Fully Leased, $1,850/Month Income! Fantastic investment opportunity in Indianapolis! This 1-bedroom, 1-bathroom per side duplex with a full basement is fully occupied and generating $1,850/month in rental income. Each unit is on a current lease, providing stability and cash flow from day one. Convenient Location: Close to downtown Indy, shopping, dining, and major highways. This duplex is surrounded by remodeled and new construction homes giving it great future potential. Investor Friendly: With tenants already in place, this is a true turnkey rental. a list price of $179,900, this property comfortably meets the 1% rule, making it a great buy-and-hold investment. Bonus: The neighboring property at 228 N Tacoma Ave, a similar duplex, is also available. Would prefer to sell both as a package, giving you the opportunity to own two side-by-side income-producing properties.
Location
State IN
County Marion
Rooms
Basement Unfinished
Interior
Heating Forced Air, Natural Gas
Cooling Window Unit(s)
Fireplace N
Exterior
Roof Type Shingle
Building
Story One
Foundation Block
New Construction false
Schools
School District Indianapolis Public Schools
© 2025 Listings courtesy of MIBOR as distributed by MLS GRID. All Rights Reserved.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "