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Indianapolis, IN, 46201 • Near Eastside • Marion County
Down payment assistance available
2Beds
2Baths
0.12 acLot
1945Built
Bungalow Style
Built 1945 · 81 years of history
No Subdivision
Near Eastside
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15 days on market
Recently listed
Multi Family · Built 1945
Turnkey Duplex - One Side Leased at $700/Month, Other Side Vacant with $1,000/Month Potential or Owner-Occupy Option! Fantastic investment opportunity in Indianapolis! This 1-bedroom, 1-bathroom per side duplex with a full basement with 2 built out rooms is half occupied and currently generating $700/month in rental income. The other side is vacant and ready - with potential to rent for around $1,000/month or for you to move in and live while building equity. Convenient Location: Close to downtown Indy, shopping, dining, and major highways. The area is surrounded by remodeled and new construction homes, giving this property excellent long-term growth potential. Investor Friendly: One tenant already in place providing stability and cash flow from day one, with immediate upside potential on the vacant unit. At a list price of $179,900, this property meets the 1% rule, making it an attractive buy-and-hold investment. Bonus: The neighboring duplex at 224 N Tacoma Ave is also available. Prefer to sell both as a package, giving you the rare chance to own two side-by-side income-producing properties.
Based on current rates
Est. 6.84% rate · 30yr fixed · $139,920 loan
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3 schools rated nearby
Indianapolis, IN, 46201
6 events
16 years of records
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Indianapolis, IN • Marion County
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Based on information submitted to the MLS GRID as of 2026-04-08 17:43:03 PDT. 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. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)
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