What to know about this one.
Brick two-unit duplex on Indianapolis' near east side, offered at $189,899 and producing $2,150 per month in gross rents, of matching construction to the neighboring Bolton Avenue buildings. Each unit offers two bedrooms and one bathroom. Rehabbed in 2019-2020 with new flooring, drywall, and water heaters, with the roof replaced within the last six to seven years, and sitting on a clean concrete crawl space with thermal seal installed. Both units are occupied in an established rental corridor with consistent tenant demand and quick access to downtown Indianapolis. Turnover has been minimal, the property averages one to two maintenance calls per year, and tenants pay their own utilities. Comparable units in the area support approximately $1,300 per month following light improvements. Two doors under one roof makes for efficient ownership and concentrated income. 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 #
- MBR22109615
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 trust2433 N Bolton Avenue
Indianapolis, IN 46218