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Listed by Tyler Willis • @properties
$ 489,000
Est. payment | /mo
5,227 Sqft Lot
$ 489,000
Est. payment | /mo
5,227 Sqft Lot
Open House
Sat May 02, 12:00pm - 2:00pm
Sun May 03, 2:00pm - 4:00pm
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision James Johnsons E Ohio St
MLS Listing ID 22088820
Year Built 1890
Tax Year 2024
Lot Size 5,227 Sqft
Acres 0.12
Property Sub-Type Duplex
Property Description
Turnkey investment opportunity in the heart of Indianapolis's growing urban core. This fully renovated duplex is a true multifamily asset featuring two large mirror-image units, each offering 3 bedrooms and 2.5 bathrooms-for a total of 6 bedrooms, 4 full baths, and 2 half baths. The property is fully leased and generating $4,320/month in rental income, providing immediate, stabilized cash flow from day one. Each unit welcomes tenants with a covered front porch and opens into bright living spaces with 9-foot ceilings, historic exposed brick, and open-concept layouts. Updated kitchens include stainless steel appliances, soft-close cabinetry, and butcher block countertops. The main level of each unit also features a guest half bath and in-unit washer & dryer hookups, enhancing tenant appeal and retention. Upstairs, both units offer two spacious bedrooms with walk-in closets and a shared full bath, leading to a private primary suite with vaulted ceilings, a large walk-in closet, and tiled shower. Additional features include new LVP flooring throughout, basement storage, rear deck, fenced backyard, and split storage garage-providing functional amenities that support long-term tenancy. Separate entrances and mirrored layouts allow for streamlined management and leasing consistency. This property offers proven rental performance and minimal near-term capital needs. Located just over 1.5 miles from the Bottleworks District and Mass Ave, with quick access via the updated New York and Michigan Street corridors, tenants benefit from proximity to some of Indianapolis' top dining, entertainment, and employment hubs-supporting strong rental demand and long-term appreciation. A clean, stabilized asset ideal for investors seeking immediate income and low-maintenance ownership in a high-growth downtown submarket.
Location
State IN
County Marion
Rooms
Basement Cellar, Storage Space, Unfinished
Interior
Heating Forced Air, Heat Pump
Cooling Central Air
Equipment Sump Pump
Fireplace N
Exterior
Garage Spaces 2.0
Roof Type Asphalt,Shingle
Building
Story Two
Foundation Block, Brick/Mortar, Cellar, Crawl Space, Divided
New Construction false
Schools
School District Indianapolis Public Schools
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