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).
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!
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%.
Welcome to 1288-1290 N Edmondson Ave, a rare find in the quiet and desirable area of Warren Township, Indianapolis. This impeccably maintained brick duplex offers an exceptional opportunity for both owner-occupants and investors. The property features two well-designed units: a tenant-occupied side (1288) with 2 bedrooms and 1 bathroom, and an owner-occupied side (1290) with 3 bedrooms and 1 bathroom that will be vacant and ready for a new buyer at closing. Both units have their own entrances and 1-car garages, ensuring privacy and convenience. Sitting on just over half an acre, the property also has a large yard and an asphalt driveway with additional parking for guests or extra vehicles. This move-in-ready duplex has seen numerous recent updates, including a roof with 25-year dimensional shingles, soffits, and gutters all replaced 8 years ago. Both units are heated with efficient boiler systems, with the boiler on the 1288 side replaced 8 years ago, and a new water heater on 1290 installed 6 years ago. All windows were upgraded to double-hung 8 years ago for enhanced energy efficiency, and new glass block windows were added to the basement earlier this year. The driveway has been professionally seal-coated every two years, most recently in 2023. Built solidly with brick construction, this property has been cared for with long-term durability in mind. Enjoy nearby shopping and dining at Shadeland Station, convenient commuting via I-70 and I-465, and the scenic beauty of Ellenberger Park, minutes from the historic Irvington District, and the scenic Pleasant Run Golf Course. This duplex is perfect for an owner-occupant looking to live in one unit and rent out the other to offset expenses or for investors seeking a fully rented property in a high-demand area. Move-in-ready duplexes like this are hard to find, and this property is sure to attract attention quickly. Don't miss you chance-schedule a showing today and see all that 1288-1290 N Edmondson Ave has to offer!
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 3-bedroom, 2-bath duplex in the sought-after Bates-Hendricks neighborhood offers the perfect blend of comfort and investment potential. Just minutes from downtown Indy and Fountain Square, it's ideal for homeowners and investors alike. Live in one unit and rent out the other to offset your mortgage-one side is already operating as an Airbnb! Or, rent both sides out with all the tenants looking to live in the area. With brand-new electrical, plumbing, appliances, an electric fireplace, and a sleek tiled shower, the home is fully updated and move-in ready. This is a great opportunity to enjoy modern living, while generating passive income.
House Hackers - Take note! This versatile home offers the perfect opportunity for first-time investors or co-housing! Use it as an investment and cut your monthly expenses in half OR MORE! This fully furnished home features 6 bedrooms, 2 living areas, 2 kitchens, and 2 dining/flex spaces, plus a total of four baths, which can be opened up for communal living or completely divided and closed off with a fire-rated steel door concealed by a sliding barn door! Share this home and purchase with friend(s) or family, OR if you're looking for extra income, keep it set up as a fully furnished rental! Utilities are metered separately. Large living areas feature electric fireplaces, and an adjacent dining area can also be used as an office or playroom. The updated kitchens boast stainless appliances, engineered stone countertops, and white cabinets with pantries. Front porches offer space for outdoor entertaining as does the large backyard. Off-street paved parking is available in the 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 (perfect for travel nurse guests), the convention center, and all the best Indy has to offer. Secure primary residence financing on your future profitable double furnished rental! Homes on this street have sold for $1M+!!!
Welcome to this beautifully renovated 3-bedroom, 2-bathroom duplex located in the vibrant and sought-after Bates-Hendricks neighborhood, just minutes from downtown Indianapolis and the popular Fountain Square district. This charming property offers a fantastic opportunity for homeowners and investors alike, with endless potential as a primary residence, Airbnb, mid-term rental, or short-term rental. Whether you're looking to settle in or generate rental income, this home is move-in ready and versatile. The spacious layout features modern updates throughout while maintaining the character and charm that make homes in Bates-Hendricks so desirable. The updated kitchen boasts shaker cabinetry, butcher block countertops, and stainless steel appliances, making meal preparation a breeze. Each of the three generously sized bedrooms offers comfort and privacy, with ample closet space. Whether you need a peaceful retreat after a long day or a fresh, clean space for guests, this home has it all. Outside, you'll find a low-maintenance yard, perfect for enjoying your morning coffee or evening gatherings. The property is currently unoccupied, making it a seamless transition for new owners or renters. Its prime location offers easy access to the best that Indianapolis has to offer, from the arts and dining of Fountain Square to the cultural and business centers of downtown. This property is a must-see for anyone looking to invest in one of Indianapolis's hottest neighborhoods. With its turnkey condition and prime location, it's a perfect choice for those looking to capitalize on the growing demand for Airbnb, short-term, or mid-term rentals. Don't miss this opportunity to own a piece of Bates-Hendricks-schedule your showing today!
Are you in the market for a cash-flowing duplex or a perfect house hack? Look no further! This duplex was fully remodeled in 2023 - offering two spacious units, each featuring 2 bedrooms and 1 bath with over 1,000 square feet of well-designed living space. Both units boast updated bathrooms, fresh paint, new windows, flooring, and much more. Enjoy the benefits of a property that's ready to go-each side is move-in ready with modern finishes. The property also includes a generous covered front porch for relaxing, a large backyard, and a detached 1-car garage that provides extra income potential. On-site laundry adds convenience for both owners and tenants. Average rental rate is $1,100 - $1,300 in this area. Located just 5 minutes from downtown Indy, you'll have quick access to local favorites like The Bottleworks District and Neidhammer Coffee. Whether you're looking for a turn-key investment or a new home, this duplex offers both excellent rental potential and a comfortable living space. Make this duplex your next turn key investment or home today!
Investment opportunity near Eli Lilly Technology Center and only 3 miles to Downtown! Duplex is fully leased with professionally screened tenants. Each unit has a cute front porch, 2 large bedrooms upstairs and 1 full bath. Plenty of parking in the back. Unit 1360 leased at $949 per month. Unit 1362 leased at $999 per month. No showings without an accepted offer. Property is being sold "as is".
**Charming All-Brick Duplex in Prime Location - A Rare Investment Opportunity** Welcome to 3903 Bartlett Avenue, a beautifully maintained duplex nestled on nearly half an acre of lush, tree-lined property. Area market shows a potential monthly rent range of $1050-$1295 per unit. This turn-key ready duplex boasts two identical units, each offering 870 square feet of well-appointed living space, featuring 2 bedrooms and 1 bathroom per unit. Each unit is thoughtfully designed with its own private driveway and carport, along with a convenient storage shed and washer/dryer hookup. Recent renovations in 2023 have elevated this property to modern standards, ensuring comfort and style for tenants and owners alike. Upgrades include: Additional insulation between units for improved soundproofing. Brand new luxury vinyl plank (LVP) flooring throughout. Completely remodeled with contemporary finishes. All new interior and exterior paint for a crisp, updated appearance. New PEX plumbing supply lines, PVC drain pipes and recent replacements of electrical panels and water heaters (within the last 5 years) New ceiling fans, new back entry door on the Bartlett unit (2023), new front entry door on the Pacific unit (2022). A vapor barrier has been installed to enhance the property's longevity. The oversized lot offers ample space for future expansion. Consider adding a garage or accessory building, or explore the potential to split the parcel and develop a separate single-family residence (SFR). The duplex is equipped with separately metered electric and gas utilities, while water and sewer services are currently covered by the owner. Whether you're looking to generate consistent rental income or seeking a home thatoffers additional income potential, this duplex has it all. The Pacific unit is currently leased at $1035/month through March 2025, while the Bartlett unit is vacant and movein ready-perfect for a new tenant or an owner-occupant. Please do not disturb tenants.
Conveniently located, fully updated duplex just minutes from downtown Indianapolis! Both sides feature 3 bedrooms, 1.5 bathrooms, in-unit laundry, well appointed kitchen with stainless appliances and granite counters, comfy living room with neutral paint and LVP flooring, updated bathrooms with custom tile surrounds and a fenced in backyard and large front porch. One side (unit 25) is fully furnished and perfect for an Airbnb or for a traveling nurse. All furnishings are negotiable. The other side (unit 27) is newly vacant and is either waiting for it's new tenant or the perfect spot for you to move in and occupy. Both units are viewable with easy showing.
The most affordable way to buy an investment - purchase this duplex and let the tenant in 1926B pay the bulk of the mortgage...possibly live in 1926A or use for short term rental income! House-hackers -- Seller will buy down your rate for a WIN-WIN! COMPLETELY Renovated down to the studs in 2021. High end homes surround this duplex and you can easily get to great amenities like the Bottleworks District, Mass Ave, downtown Indy - or even walk to West Fork Whiskey Distillery, Scarlet Lane Gastropub & the popular Monon Trail (running/walking/cycling trail). 1926B currently pays $2400 in rent. Both units have 9 ft +/- ceilings, stylish kitchens, granite tops, stainless steel appliances and updated bathrooms. Great natural light. Off street parking in rear. Potential for even more upside if used as an Air BnB or VRBO!
Calling all investors! This spacious duplex located in Indys near Eastside features 2 bedrooms and 1 bathroom in each unit. Duplex is conveniently situated near the bus line and close to shopping. Being sold AS-IS.
With one side just recently rented and the other side with a stable, longer term renter, this duplex is a no-brainer of an investment. Each side is a larger 3-bedroom, 1 bathroom unit. Downstairs both units have the living room, dining room, and kitchen while the bedrooms and bathrooms are upstairs. These units are primed and ready for the next owner, so don't miss out!
Welcome to 3036 East New York Street, an exceptional property in the heart of Indianapolis, offering incredible potential for savvy investors and homeowners alike. This multi-unit duplex, with the potential to convert into a triplex, is a unique find in a thriving neighborhood. This well-maintained property has undergone significant updates since its last sale. Currently configured as a duplex, this property offers two spacious units, each with its own private entrance, and living areas. With a little creativity, the layout can be easily adapted to create a third unit, enhancing its rental income potential and increasing overall profitability. Nestled in a desirable investment area in Indianapolis, this property is conveniently located near major roadways, schools, parks, and shopping centers. Its central location ensures high demand for rental units and makes it an attractive option for future tenants.Whether you're looking to expand your real estate portfolio or start your investment journey, this property offers a fantastic opportunity. The current setup provides immediate rental income, while the potential triplex configuration allows for increased revenue and diversified rental options. The property also features a generous backyard, providing tenants with a private outdoor space. 3036 East New York Street is more than just a property-it's a promising investment opportunity in a vibrant and growing area. Don't miss out on this chance to secure a versatile, income-generating asset.
Great opportunity to acquire a duplex in Broad Ripple, a top desired location for young professionals moving to Indy. Both units have been completely renovated, with beautiful quarts counter tops, new shaker cabinets, new high end appliances and each their own gas FIREPLACE. Bathrooms are brand new, new electrical wiring, new plumbing, and new flooring. One unit has Closet Concepts done in both bedrooms. Each unit is 2 bdrm, 2 ba, with kitchen/family room and basement with their OWN w/washer & Dryer. There is a 2 car garage, that is rented to one of the tenants for $300 monthly. Current rental for the 2 units is $4350 mo (because it is rented to family friends), but easily verify market rent of $2500 or more per UNIT/mo. The units have a strong rental history and low vacancy rates. Both units are rented until April 30, 2025. Proximity to the IndyGo Red Line strengthens the desire for renters. Home was considered in a flood zone when seller bought, but now believe the flood zone has been lifted. The last two owners chose not to have flood insurance. It is up to buyer to confirm if insurance is needed. This home is being sold as one unit (although two separate units). Because units are rented, 48 hrs notice is required for showing. Don't miss this rare opportunity!
Investors alert! Rare opportunity for investors! Add this property to your portfolio today! This property is a quadruplex! A perfect blend of comfort and convenience. This four unit offers distinct features that make it a delightful living space. The property boast 1 two bedroom one bath unit, 1 one bedroom with den and one bath (lower level units) and 2 one bedroom one bath ( upper units) . This property is 75% occupied and generates great income! Seller Financing option is available when agreed to financing terms and conditions are met.
FOURPLEX - 803-805 E. 64th St. and 800-802 Main St. Located on the southeast corner of East 64th and Carrollton Ave. in the heart of Broad Ripple this investment property has not been offered for sale in over twenty years. Opportunity to own a great investment property with great upside. Four - 2 bedrooms, 1 bath units have long term tenants with month-to-month tenancy. Rents range from $885 to $895 per month with tenants responsible for gas/electric.
Cash buyer discount available! Schedule your showing today for this charming duplex with 2 bedrooms and 1 bath on each side. This is a great investment opportunity! Live in one side and rent the other! High ceilings, newer carpet on one side, large back yard with alley access! Se habla espanol.
Excellent investment opportunity on the Near Eastside. This duplex contains one bedroom, one bathroom, living room, and kitchen on each side. North unit is currently rented, but the South unit is vacant and can be shown. Arrangements will be made to view North side with tenants authorization upon second showing. Property being sold as-is.
Excellent Investment Opportunity: Seize the opportunity to invest in this updated and well-maintained duplex situated in the vibrant Tuxedo Park neighborhood on Indianapolis' east side. Each unit offers 2 bedrooms, 1 bathroom, and 1,213 square feet of comfortable living space. Enjoy immediate rental income as both units are currently tenant occupied, providing steady cash flow from day one. Benefit from the property's proximity to local amenities, transportation, and community features that enhance its rental appeal. This property is professionally managed, and comprehensive property management services are available to the new owner. With strong investor activity in the area, this property promises immediate cash flow and future appreciation. Don't miss out on this great investment opportunity!
The median home value in Indianapolis, IN is $249,900. This is higher than the county median home value of $219,900. The national median home value is $338,100. The average price of homes sold in Indianapolis, IN is $249,900. Approximately 48.52% of Indianapolis homes are owned, compared to 40.53% rented, while 10.95% are vacant. Indianapolis real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Indianapolis real estate agent to arrange a tour today!
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.