What to know about this one.
Exceptionally well-maintained investment property on the near west side of Indianapolis, offered at $159,000. This 2-bedroom, 1-bathroom single-family home offers approximately 1,032 square feet on a crawl space with a small basement housing the mechanicals. Condition is the standout: flooring approximately one year old, roof two to four years, water heater two years, plumbing and electrical three to four years, and HVAC six to eight years. The property has required only one maintenance call since it was placed in service. Currently occupied. Utilities are presently owner-paid at approximately $2,400 annually, and the property can be delivered with utilities open so a new owner may transfer them to the tenant. Situated minutes from downtown Indianapolis, Hawthorne Park, and the IU Health campus, in a corridor with consistent rental demand. One of thirteen buildings in a 17-unit Indianapolis rental portfolio available individually or as a package. Current rent roll and lease available upon request. Property sold as-is.
Amenities
Property details
- Property type
- Single Family Residence
- Year built
- 1915
- Lot size
- 0.12 ac
- Stories
- One
- County
- Marion
- MLS #
- MBR22109211
Features
- Appliances
- Gas Oven
- Refrigerator
- Microwave
- Electric Oven
- Dishwasher
- Interior
- WoodWorkStain/Painted
- Heating
- Forced Air
- Natural Gas
Estimate your monthly payment
- P&I $801
- Property tax $162
- Insurance $56
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 trust317 N Belleview Place
Indianapolis, IN 46222