Key facts
- Lot
- 0.14 acres
- Year built
- 1940
- Type
- Residential Income · Duplex
- Stories
- One
- MLS #
- 22126506
- County
- Marion
- Subdivision
- Bellaire
About this home
INVESTOR OPPORTUNITY - OCCUPIED DUPLEX WITH TENANTS RESPONSIBLE FOR ALL UTILITIES! Add two income-producing units to your portfolio with this well-located Indianapolis duplex. The 2BR/1BA unit is currently rented for $950/month with a lease through March 2027, while the 1BR/1BA unit rents for $625/month on a month-to-month basis, providing $1,575/month or $18,900 annually in current base rental income. Tenants are responsible for gas and electric and reimburse the owner for water/sewer, helping keep utility costs with the occupants rather than the investor. Owner provides stoves and refrigerators. Furnaces are approximately 7-8 years old. The property also includes a basement and offers an appealing combination of established income and future flexibility, with one unit currently month-to-month. Priced at $219,900, this could be an excellent addition to an existing rental portfolio or an opportunity for a 1031 exchange buyer. Property sold as-is. Buyer to verify rents, lease terms, tenant utility reimbursements, expenses, measurements and all information important to buyer.
Description provided by the listing brokerage.
Schools
- School district
- Indianapolis Public Schools
Taxes
- Estimated annual tax
- $3,358 / yearTwice the semi-annual installment the listing reports.
- Tax year
- 2025
Estimate your monthly payment
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