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4405 Prospect Street

Indianapolis, IN 46203

ActiveListed May 1, 2026 · 70 days on market

Key facts

Beds
4
Baths
1 full
Living area
960 sqft
Lot
0.26 acres
Year built
1949
Type
Residential · Single Family Residence
Stories
One
MLS #
22099054
County
Marion
Subdivision
No Subdivision

About this home

Investment Opportunity with Strong Cash Flow, this is it! Immediate income with this fully renovated 4-bedroom, 1-bath investment property. With lease in place through IHA at $2,310/month which aligns with key investor benchmarks. Move-in date of May 8, 2026. The home has been completely gutted down to the studs and thoughtfully remodeled from top to bottom, offering peace of mind and low maintenance for years to come. Major upgrades include, new metal roof, all-new mechanicals, updated electrical with a 200-amp panel, and a mini-split system with supplemental heat making this property incredibly cost-effective. Inside, the property features luxury vinyl plank flooring throughout, a beautifully updated kitchen with granite countertops, new cabinetry, stainless steel appliances, and modern finishes, plus recessed lighting and contemporary touches that elevate the entire space. The functional layout offers four bedrooms, providing flexibility and strong rental appeal. Additional improvements such as new windows, exterior siding, and a tankless water heater offer enhanced efficiency and long-term value. Whether you're expanding your portfolio or securing your first investment, this is a true turnkey opportunity with built-in returns from day one.

Description provided by the listing brokerage.

Interior

Appliances
MicrowaveElectric OvenRefrigerator
Interior features
Vaulted Ceiling(s)Eat-in Kitchen
Laundry
Connections AllMain Level
Rooms
7
Main-level bedrooms
4
Condition
Updated/Remodeled

Exterior

Patio and porch
PatioPorch
Construction
Vinyl Siding
Foundation
Crawl Space
Style
Ranch
Parking and garage
On Street

Systems

Heating
ZonedElectricWall Furnace
Cooling
DualWall Unit(s)
Water
Public
Utilities
Electricity ConnectedSewer ConnectedWater Connected

Lot and HOA

Lot features
Sidewalks

Schools

Elementary school
Christian Park School 82
High school
Arsenal Technical High School
School district
Indianapolis Public Schools

Taxes

Estimated annual tax
$324 / yearTwice the semi-annual installment the listing reports.
Tax year
2024

Estimate your monthly payment

$1,051per month, estimated
Principal and interest $957Property tax $27Insurance $66
20% · $37,980
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$189,900
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