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1201 Wade Street

Indianapolis, IN 46203

ActiveListed Jul 13, 2026 · 79 days on market

Key facts

Lot
0.14 acres
Year built
1929
Type
Residential Income · Duplex
Stories
One
Garage
2 spaces
MLS #
22114118
County
Marion
Subdivision
Julian Etal Spring Gardens South

About this home

Excellent investment opportunity just minutes from Garfield Park! This unique property features two completely separate homes on one parcel, each with its own utilities, central A/C, private living space, and fenced yard access. The front home currently rents for $1,255/month and the rear home rents for $1,045/month, providing immediate rental income. Conveniently located near Garfield Park, shopping, restaurants, and public transportation, with easy access to downtown Indianapolis. Please note: The interior photos were taken prior to the current tenants moving in. We chose not to publish photos containing the tenants' personal belongings to respect their privacy. Additional interior photos are available upon request. Property is tenant occupied. Showings will be scheduled after an accepted offer to minimize disruption to the residents. Buyer inspections and walkthroughs will be completed during the due diligence period. Whether you're looking to add to your portfolio or own a property with two standalone rental homes, this is a rare opportunity in an area seeing continued investment and growth.

Description provided by the listing brokerage.

Interior

Basement
Unfinished
Laundry
Connections All

Exterior

Parking and garage
Detached

Systems

Cooling
Central Air

Lot and HOA

Zoning
Residential

Schools

School district
Indianapolis Public Schools

Taxes

Estimated annual tax
$4,788 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$1,580per month, estimated
Principal and interest $1,104Property tax $399Insurance $77
20% · $43,800
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$219,000
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