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Listed by Wendy Roser • Epique Inc
$ 299,900
Est. payment | /mo
4,791 Sqft Lot
$ 299,900
Est. payment | /mo
4,791 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Jackson Park
MLS Listing ID 22118581
Year Built 1910
Tax Year 2025
Lot Size 4,791 Sqft
Acres 0.11
Property Sub-Type Duplex
Property Description
INVESTMENT OPPORTUNITY IN HILLSIDE - RENOVATED 3BR/1BA DUPLEX WITH VALUE-ADD POTENTIAL Positioned in Indianapolis' evolving Hillside neighborhood, this renovated duplex offers an excellent opportunity for an investor looking to add a two-unit property to their portfolio or an owner-occupant looking to offset housing costs with a second rental unit. Both units have been renovated with a few finishing touches remaining, giving the next owner an opportunity to complete the property and add their own value. One unit features a new rear porch deck, while the other offers laundry connections in the newly enclosed rear porch-desirable amenities for prospective tenants. Estimated rental potential is $1,000-$1,500 per month per unit, or approximately $24,000-$36,000 in potential annual gross rental income when both units are leased. Location is a standout feature, with an IndyGo bus route directly in front of the property and the Monon Trail within walking distance. Residents also enjoy convenient access to downtown Indianapolis, Douglass Park and Golf Course, Ivy Tech, shopping, dining, entertainment, and major employment centers. PRIVATE FINANCING IS AVAILABLE WITH A LARGE DOWN PAYMENT. With substantial renovation already completed, attractive projected rents, excellent transit access, and a location benefiting from continued neighborhood investment, this property offers an exciting opportunity to build income in one of Indianapolis' emerging neighborhoods.
Location
State IN
County Marion
Rooms
Basement Cellar, Partial, Unfinished
Interior
Heating Natural Gas
Cooling Central Air
Fireplace N
Exterior
Exterior Feature Lighting
Roof Type Shingle
Building
Story Two
Foundation Cellar, Crawl Space
Structure Type Vinyl Siding
New Construction false
Schools
School District Indianapolis Public Schools
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