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422 Orange Street

Indianapolis, IN 46225

ActiveListed Sep 4, 2026 · 33 days on market

Key facts

Beds
3
Baths
2 full · 1 half
Living area
2,436 sqft
Lot
0.1 acres
Year built
1955
Type
Residential · Single Family Residence
Stories
Two, one and one half
Garage
1 space
MLS #
22121165
County
Marion
Subdivision
Yeiser Guardians

About this home

House-hack, rent it, or make the whole house your own. With estimated upstairs rent of approximately $900/month, 422 Orange Street offers a flexible two-space layout that gives an owner-occupant the opportunity to offset housing costs-or an investor multiple ways to think about the property. The current owner lived on the main level while renting the upstairs, which has its own exterior entrance, kitchenette, living space, bedroom, and full bath. An interior staircase connects the two floors: leave it open and the home functions naturally as one spacious residence, or close and lock the staircase door to create private living spaces upstairs and down. That flexibility also opens up possibilities for furnished or short-term rental strategies, whether renting the entire home or configuring the spaces differently as needs and demand change. The house has already received some of the updates that matter most. Two of the three bathrooms were completely rebuilt down to the subfloor, while fresh interior paint, new carpet, and updated flooring make the home feel clean, bright, and ready to settle into. Both kitchens are functional but leave room for a future owner to add value and update them to their own taste rather than paying a premium for someone else's renovation choices. Outside, the fully fenced backyard provides private space for dogs, kids, gardening, or summer evenings, while the detached garage offers off-street parking and storage that's especially valuable in an urban neighborhood. All of this sits in the heart of Bates-Hendricks, close to Fountain Square, Fletcher Place, Garfield Park, downtown, and some of the best of near-southside Indianapolis. For a house hacker, the appeal is easy to see: live downstairs and potentially collect around $900/month upstairs. For an investor, the flexible layout creates multiple potential rental configurations. And for a traditional buyer, simply open the staircase and enjoy the whole house.

Description provided by the listing brokerage.

Interior

Appliances
Electric CooktopDishwasherDisposalGas Water HeaterOvenGas OvenRefrigeratorWater Softener Owned
Interior features
Attic AccessWalk-In Closet(s)Paddle FanEat-in KitchenIn-Law Floorplan
Other rooms and areas
Living Room FormalBedroom Other on Main
Basement
CellarUnfinished
Fireplaces
1
Fireplace type
Bedroom
Rooms
8
Main-level bedrooms
2
Condition
Updated/Remodeled

Exterior

Patio and porch
Glass EnclosedPorch
Construction
Aluminum SidingBrick
Foundation
BlockCrawl Space
Parking and garage
Detached
Fencing
Chain LinkFence CompleteFullGate

Systems

Heating
Forced AirGas
Cooling
Central Air
Water
Public
Utilities
Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected

Lot and HOA

Lot features
AccessCity LotCorner LotSidewalks

Schools

School district
Indianapolis Public Schools

Taxes

Estimated annual tax
$1,476 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$1,875per month, estimated
Principal and interest $1,638Property tax $123Insurance $114
20% · $65,000
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.

Talk to a lender we trust
Listing Office:
@properties
Listing Office Phone:
317-489-3441
Listed by
Firm
@properties
Firm phone
317-489-3441
MLS #
22121165
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Listed at$325,000
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