What to know about this one.
Brick two-unit duplex on Indianapolis' near east side, offered at $189,999. Each unit features two bedrooms and one bathroom. The building was fully rehabbed in 2019-2020 with new flooring, drywall, and water heaters, and the roof was replaced within the last six to seven years. The structure sits on a clean concrete crawl space with thermal seal installed and relatively new crawl space plumbing that has performed without issue. Both units are occupied, turnover has historically been low, and the building averages one to two maintenance calls per year. Tenants pay their own utilities. In-place rents currently sit below market for this corridor, where comparable two-bedroom units support approximately $1,300 per month with light improvements, creating a clear path to increased income. Located in an established rental corridor minutes from downtown Indianapolis. One of thirteen buildings in a 17-unit Indianapolis rental portfolio available individually or as a package. Current rent roll and leases available upon request. Property sold as-is.
Property details
- Property type
- Duplex
- Year built
- 1965
- Lot size
- 0.21 ac
- Stories
- One
- County
- Marion
- MLS #
- MBR22109610
Estimate your monthly payment
- P&I $957
- Property tax $196
- Insurance $66
Estimates only, not a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.
Talk to a lender we trust2429 N Bolton Avenue
Indianapolis, IN 46218