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Ellettsville, IN, 47429 • 47429 • Monroe County
$131/sqft
-$5,100 since Feb 16, 2026
Down payment assistance available
3Beds
2Baths
1,721Sqft
0.44 acLot
1948Built
Character Home
Built 1948 · 78 years of history
None
47429
This home is getting attention
Listed 50 days ago · 837 views · 46 saves
Demand and pricing signals for this listing
837 views
People checking out this listing
46 saves
Buyers have saved this home
50 days on market
Established listing
$131/sqft
Price per square foot
This home ranks in the top 11% of listings most likely to go under contract soon, based on market activity and demand signals.
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Single Family · Built 1948
Lower your living costs while building wealth. Let your property work for you! This is a duplex. One of both of the units could be available for owner occupancy Why rent when your tenant can help pay the mortgage? Both units are currently leased and generating over $1,700 per month, offering immediate income with built-in flexibility for future plans. Whether you're seeking a house-hack, multi-generational living setup, short-term rental strategy, BRRRR investment, or a straightforward income property, this one checks the boxes. Located approximately 15 minutes from Memorial Stadium, the potential for short-term rental income is especially compelling — imagine football weekend demand. Situated on two parcels totaling just over 0.4 acres, the property offers both stability and upside. The duplex features long-term tenants (since 2019 and 2020) with current rents of $920 for the spacious two-bedroom plus office unit and $850 for the one-bedroom unit, leaving room for future rent adjustments toward market rates. The larger unit’s office could easily convert into a third bedroom, and the basement — complete with egress windows — presents intriguing possibilities for additional living space, storage income, or other creative uses (subject to local regulations). Professionally managed and well maintained, with tenants covering most utilities. Current leases extend through April and June 2026, providing dependable income from day one. Ellettsville continues to see strong rental demand as west-side employers expand. See floorplan in photos for layout and room sizes. With owner occupancy and a homestead exemption in place, property taxes could be significantly reduced — making this duplex an exceptional opportunity for value-conscious buyers.
Standout features identified
Our analysis highlights one-bedroom unit and egress windows as key attractions of this home.
Based on current rates
Est. 6.88% rate · 30yr fixed · $179,920 loan
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Key facts and listing details
4 categories of property features
2 rooms detailed
Bedroom1
MainBedroom2
MainMarket data and value estimates
3 schools rated nearby
Ellettsville, IN, 47429
5 events
15 years of records
Local context around this listing
Ellettsville, IN • Monroe County
Nearby cities
Nearby zip codes
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