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45 S Belleview Place

Indianapolis, IN 46222

ActiveListed Jul 18, 2026 · 82 days on market

Key facts

Lot
0.13 acres
Year built
1924
Type
Residential Income · Duplex
MLS #
22115026
County
Marion
Subdivision
Carpenters Home Place

About this home

Turnkey Investment Opportunity on Indy's Westside! Near Downtown Indianapolis! Don't miss this beautifully updated, income-producing duplex just minutes from downtown Indianapolis, the Indianapolis Zoo, IUPUI, White River State Park, major interstates, shopping, dining, and entertainment. Whether you're looking to expand your investment portfolio or owner-occupy while generating rental income, this well-maintained property offers immediate cash flow and outstanding long-term potential. Both units have been extensively remodeled and are currently configured and used as 2-bedroom, 1-bath units thanks to the finished basement space, offering additional living flexibility beyond the original layout. Each unit features updated interiors, washer and dryer hookups, private rear parking, and separate living spaces designed for comfortable everyday living.Major capital improvements have already been completed, including a roof and furnaces that have been replaced within the past four years, providing peace of mind for years to come.The property is fully occupied with reliable, long-term tenants. Unit 45 currently rents for $1,050/month, and Unit 47 rents for $1,100/month, producing $2,150 in monthly rental income ($25,800 annually). Both tenants are on month-to-month leases and have a strong history of consistent, on-time payments. Tenants pay all utilities except water, which is paid by the seller and averages approximately $115 per month for both units combined. Whether you're a seasoned investor or just getting started, this is an excellent opportunity to acquire a well-maintained duplex with immediate income, strong rental history, and a convenient location close to everything Indianapolis has to offer.

Description provided by the listing brokerage.

Interior

Basement
FinishedPartial

Schools

Elementary school
William Penn School 49
High school
George Washington High School
School district
Indianapolis Public Schools

Taxes

Estimated annual tax
$3,478 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$1,524per month, estimated
Principal and interest $1,154Property tax $290Insurance $80
20% · $45,800
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$229,000
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