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Indianapolis, IN, 46227 • University Heights • Marion County
$212/sqft
2Beds
2Baths
1,014Sqft
0.75 acLot
1952Built
Trees/Woods Views
Trees/Woods
Traditional Style
Built 1952 · 74 years of history
No Subdivision
University Heights
Outdoor Living
Patio
Storage
Storage
4-Car Garage
Carport · Converted Garage · Detached · Gravel
This home is getting attention
Listed 33 days ago · 22 views
Demand and pricing signals for this listing
22 views
People checking out this listing
33 days on market
Established listing
$212/sqft
Price per square foot
This home ranks in the top 49% of listings most likely to go under contract soon, based on market activity and demand signals.
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Single Family · Built 1952
Investors! This fully rehabbed 2-bed, 2-bath property delivers turnkey convenience with multiple income-producing possibilities. Completely renovated in 2022 with NEW electrical, can lighting, plumbing, drywall, roof, gutters, HVAC, siding, and concrete sidewalks-plus a brand-new septic system in 2023. Inside, you'll find fresh paint, new flooring, custom tile showers, and walk-in closets, offering the modern appeal short-term and mid-term renters love. Sitting on a .70-acre lot, this property includes an additional parcel that can be split off, developed, or used for expanded rental amenities. The 4-car garage has been converted into a flexible fitness studio with two bonus rooms-perfect for guest storage, office space for traveling professionals, or added rental features. A carport, shed, and fresh gravel driveway provide ample parking and convenience for multiple occupants or guests. With NO HOA, you have the freedom to operate as an Airbnb, Furnished Finder listing, or college rental without restrictions. And the location could not be better-walking distance to UIndy, making it ideal for student housing, visiting faculty, or game-day stays. Whether you're looking to build passive income, create multiple revenue streams, or expand your investment portfolio, this property offers the upgrades, flexibility, and location to make it a high-demand rental from day one. Secure this opportunity before another investor does!
Based on current rates
Est. 6.83% rate · 30yr fixed · $172,000 loan
Full calculator →Key facts and listing details
12 categories of property features
7 rooms detailed
Master Bedroom
MainBedroom2
MainDining Room
MainKitchen
MainLaundry
MainLiving Room
MainMarket data and value estimates
3 schools rated nearby
Indianapolis, IN, 46227
23 events
12 years of records
Local context around this listing
Indianapolis, IN • Marion County
Nearby neighborhoods
Nearby cities
Nearby zip codes
Based on information submitted to the MLS GRID as of 2026-04-09 12:32:55 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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