Key facts
- Beds
- 3
- Baths
- 2 full
- Living area
- 1,250 sqft
- Lot
- 1.8 acres
- Year built
- 1947
- Type
- Residential · Single Family Residence
- Stories
- One
- Garage
- 3 spaces
- MLS #
- 22108133
- County
- Madison
- Subdivision
- Phillips
About this home
INVESTOR & FLIPPER OPPORTUNITY | 12 SEPARATE LOTS | 1.75 ACRES Opportunity awaits at 1209 Shelby St in Alexandria! This 3-bedroom, 2-bath fixer-upper sits on approximately 1.75 acres consisting of 12 separate lots/tax parcels, offering an exceptional opportunity for investors, flippers, or buyers looking to build sweat equity. The home needs updates and repairs, making it a great candidate for a renovation project, flip, rental, or owner-occupied investment. The sellers recently had their own inspection completed, giving prospective buyers valuable information upfront regarding the property's condition and areas that may need attention. The 12 separate parcels provide additional potential for future expansion or development, subject to buyer due diligence and applicable zoning requirements. Enjoy a peaceful setting with mature trees and green space while remaining close to local amenities. Property highlights: 3 bedrooms 2 bathrooms Approximately 1.75 acres 12 separate lots/tax parcels Existing home with renovation potential Recent seller-completed inspection Potential flip, rental, or owner-occupant opportunity Possible future development/expansion potential Located within city limits Sold AS-IS Bring your vision and contractor and explore the possibilities this unique property has to offer! Buyer to verify zoning, permitted uses, utilities, development potential, and all other property information. Property is being sold AS-IS.
Description provided by the listing brokerage.
Interior
- Appliances
- Interior features
- Rooms
- 5
- Main-level bedrooms
- 3
- Condition
Exterior
- Construction
- Foundation
- Style
- Parking and garage
- View
Systems
- Heating
- Cooling
- Water
Lot and HOA
- Lot features
Schools
- Elementary school
- Alexandria Monroe Elementary School
- Middle school
- Alexandria-Monroe Jr./Sr. High School
- School district
- Alexandria Community School Corp
Taxes
- Estimated annual tax
- $957 / yearTwice the semi-annual installment the listing reports.
- Tax year
- 2025
Estimate your monthly payment
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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