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1058 W 31st Street

Indianapolis, IN 46208

ActiveListed Jun 8, 2026 · 100 days on market

Key facts

Lot
0.13 acres
Year built
1921
Type
Residential Income · Duplex
Stories
Two
MLS #
22105502
County
Marion
Subdivision
Armstrong

About this home

Don't miss this exceptional income-producing duplex offering two spacious 3-bedroom, 1.5-bath units a perfect opportunity for investors and aspiring house hackers alike. Thoughtfully updated and move-in ready, this property features central air, new entry doors, washer and dryer, updated appliances, brand-new attic insulation, and a roof that's less than one year old. The 1056 unit has also been freshly painted throughout, giving it a clean, modern feel that's ready for its next occupant. Whether you're looking to expand your investment portfolio or take advantage of the house hacking strategy by living in one unit while renting the other, this property checks all the boxes. With average rents in the area ranging from $1,300 to $1,450 per 3-bedroom unit, the income potential is outstanding. Conveniently located just minutes from I-65, you'll enjoy quick access to downtown and an easy commute to major employers, shopping, dining, and entertainment. As an added incentive, the seller is open to offering reasonable concessions with a full-price offer, creating additional value and flexibility for qualified buyers. Opportunities like this don't stay on the market for long. Whether you're an investor seeking strong cash flow or a buyer looking to offset your mortgage by renting one side, this turnkey duplex is ready to help you build long-term wealth through real estate.

Description provided by the listing brokerage.

Interior

Basement
UnfinishedFinished
Laundry
Main LevelLaundry Room
Security
Smoke Detector(s)

Exterior

Construction
StoneVinyl Siding
Foundation
Brick/Mortar
Style
Traditional

Systems

Heating
Forced Air
Cooling
Central Air

Lot and HOA

Lot features
Access

Schools

School district
Indianapolis Public Schools

Taxes

Estimated annual tax
$2,380 / yearTwice the semi-annual installment the listing reports.
Tax year
2024

Estimate your monthly payment

$1,545per month, estimated
Principal and interest $1,260Property tax $198Insurance $87
20% · $49,980
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$249,900
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