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231-233 W 29th Street

Indianapolis, IN 46208

ActiveListed Aug 14, 2026 · 2 days on market

Key facts

Lot
0.09 acres
Year built
1910
Type
Residential Income · Duplex
MLS #
22120382
County
Marion
Subdivision
Fletcher

About this home

Why choose between buying a home and buying an investment when you can potentially do both? Welcome to 231-233 W 29th Street, a duplex offering the flexibility today's buyers and investors are looking for. Whether you're an experienced investor ready to expand your Indianapolis portfolio, a first-time investor looking to get started, or a savvy buyer interested in house hacking, this property presents an opportunity worth exploring. LIVE IN ONE SIDE. RENT THE OTHER. BUILD FROM THERE. A duplex creates options that a traditional single-family home simply can't. Owner-occupants can enjoy their own private living space while potentially generating rental income from the neighboring unit to help offset the cost of ownership. Investors can take advantage of two units under one roof, creating multiple income streams from a single property. Located in Indianapolis' 46208 area, the property provides convenient access to Downtown Indianapolis and many of the city's major employment, education, entertainment, and redevelopment areas. For the investor, this could be a compelling buy-and-hold opportunity with the ability to generate income from both sides. For the house hacker, it could be the opportunity to stop thinking like a renter and start building a real estate portfolio-beginning with the property you call home. Duplex opportunities offer tremendous flexibility: live in one side and rent the other, rent both units, accommodate extended family while maintaining separate living spaces, or position the property as part of a long-term investment strategy. One property. Two units. Multiple possibilities.

Description provided by the listing brokerage.

Interior

Laundry
No Laundry Facil.

Exterior

Construction
Vinyl Siding

Lot and HOA

Lot features
Corner Lot

Schools

School district
Indianapolis Public Schools

Taxes

Estimated annual tax
$986 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$1,106per month, estimated
Principal and interest $958Property tax $82Insurance $67
20% · $38,000
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$190,000
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