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1949 N Colorado Avenue

Indianapolis, IN 46218

ActiveListed Apr 30, 2026 · 37 days on market

Key facts

Beds
2
Baths
1 full
Living area
736 sqft
Lot
0.12 acres
Year built
1950
Type
Residential · Single Family Residence
Stories
One
Garage
2 spaces
MLS #
22098880
County
Marion
Subdivision
Brookside Sunny Grove

About this home

Income-producing rental property available in Indianapolis! This well-maintained and updated 2-bedroom, 1-bath home is tenant-occupied and generating immediate cash flow for its next owner. Offering approximately 736 square feet, the property features a practical floor plan, updated kitchen and bath, central air, and a detached garage. Conveniently situated near shopping, dining, employment centers, and major transportation routes, this property presents an excellent opportunity for investors seeking a solid addition to their rental portfolio. Tenant rights apply; please do not disturb the tenant.

Description provided by the listing brokerage.

Interior

Appliances
DishwasherGas Water HeaterGas Oven
Interior features
Eat-in Kitchen
Basement
Unfinished
Windows
Vinyl Windows
Rooms
5
Main-level bedrooms
2
Condition
Updated/Remodeled

Exterior

Exterior features
Not Applicable
Patio and porch
Porch
Construction
Vinyl Siding
Foundation
Block
Style
Bungalow
Parking and garage
Detached

Systems

Heating
Forced Air
Cooling
Central Air
Water
Public
Utilities
Cable Available

Lot and HOA

Lot features
Not Applicable

Schools

School district
Indianapolis Public Schools

Taxes

Estimated annual tax
$2,807 / yearTwice the semi-annual installment the listing reports.
Tax year
2024

Estimate your monthly payment

$929per month, estimated
Principal and interest $650Property tax $234Insurance $45
20% · $25,800
6.47%
Loan type
Loan term

Estimates only. This calculator does not give 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.

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Listed at$129,000
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