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328 S Grand Avenue

Indianapolis, IN 46219

PendingListed Jul 20, 2026 · 81 days on market

Key facts

Beds
3
Baths
2 full
Living area
1,772 sqft
Lot
0.16 acres
Year built
1885
Type
Residential · Single Family Residence
Stories
Two
MLS #
22115135
County
Marion
Subdivision
Myers University Place
Total building area
2,372 sqft

About this home

**Turn-key rental opportunity located between Irvington and Christian Park** This 3 bedroom home has been recently updated and is currently tenant occupied at $1500 per month. Tenant lease in place until June 1st, 2027. Primary bedroom is located on the main level with two additional bedrooms upstairs. Kitchen includes stainless appliances, granite counters, and newer cabinetry. Here's your chance to buy cash flow and watch your investment appreciate in an area of improving values. Agents please see private remarks for offer process

Description provided by the listing brokerage.

Interior

Appliances
DishwasherElectric OvenRefrigeratorGas Water Heater
Interior features
Attic AccessWalk-In Closet(s)
Kitchen
Kitchen Updated
Basement
Unfinished
Laundry
Main Level
Windows
Vinyl Windows
Rooms
6
Main-level bedrooms
1

Exterior

Patio and porch
DeckCovered
Foundation
Block
Style
Traditional
Parking and garage
Guest
Fencing
FullPrivacy
Other equipment
Smoke AlarmSump Pump

Systems

Heating
Forced AirGas
Cooling
Central Air
Water
Public
Utilities
Sewer ConnectedWater Connected

Lot and HOA

Lot features
SidewalksStorm Sewer

Schools

School district
Indianapolis Public Schools

Taxes

Estimated annual tax
$2,780 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$932per month, estimated
Principal and interest $655Property tax $232Insurance $45
20% · $25,980
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$129,900
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