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2341 Wheeler Street

Indianapolis, IN 46218

ActiveListed Sep 18, 2026 · 2 days on market

Key facts

Beds
4
Baths
1 full
Living area
1,074 sqft
Lot
0.12 acres
Year built
2008
Type
Residential · Single Family Residence
Stories
One
MLS #
22126890
County
Marion
Subdivision
Shoemaker

About this home

Beautiful Investment Opportunity with Immediate Rental Income! Add this well-maintained home to your portfolio and start collecting income from day one. The property is currently tenant-occupied and generating $1,800 per month in rental income, making this an excellent opportunity for an investor looking for a cash-flowing rental. The current tenant's rights and lease terms remain in place through August 31, 2027, providing the new owner with an established tenant and continued rental income. Whether you're expanding an existing portfolio or looking for your next income-producing property, this is an opportunity worth considering!

Description provided by the listing brokerage.

Interior

Appliances
DisposalGas Water HeaterMicroHoodElectric OvenRefrigerator
Interior features
Attic AccessEat-in Kitchen
Rooms
7
Main-level bedrooms
4

Exterior

Patio and porch
Covered
Construction
Vinyl Siding
Foundation
Slab
Style
Ranch

Systems

Heating
ElectricForced Air
Cooling
Central Air
Water
Public

Schools

School district
Indianapolis Public Schools

Taxes

Estimated annual tax
$2,446 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$1,012per month, estimated
Principal and interest $756Property tax $204Insurance $53
20% · $30,000
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$150,000
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