What to know about this one.
Income-producing single-family rental on the near east side of Indianapolis, offered at $150,000. This 2-bedroom, 1-bathroom home sits on a slab foundation and is currently occupied by a tenant in place approximately four years with a consistent payment history, providing immediate cash flow with no lease-up period. Approximately 768 square feet. Recent system ages include roof at eight to nine years, mechanical systems at approximately eight years, and flooring at approximately five years, with the most recent rehab completed roughly four years ago. The property averages about two maintenance calls per year and the tenant pays all utilities. No open code violations. Located in the Hawthorne Manor area with quick access to downtown Indianapolis and the Emerson Avenue corridor. One of thirteen buildings in a 17-unit Indianapolis rental portfolio available individually or as a package. Current lease and rent roll available upon request. Property sold as-is.
Property details
- Property type
- Single Family Residence
- Year built
- 1940
- Lot size
- 0.14 ac
- Stories
- One
- County
- Marion
- MLS #
- MBR22109209
Features
- Appliances
- Convection Oven
- Refrigerator
- Electric Water Heater
- Interior
- Attic Access
- Eat-in Kitchen
- Heating
- Forced Air
- Electric
- Natural Gas
Estimate your monthly payment
- P&I $756
- Property tax $104
- Insurance $52
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 trust4731 E 18th Street
Indianapolis, IN 46218