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40 N Lasalle Street

Indianapolis, IN 46201

ActiveListed Sep 25, 2026 · 19 days on market

Key facts

Lot
0.1 acres
Year built
1920
Type
Residential Income · Duplex
Stories
Two
MLS #
22127761
County
Marion
Subdivision
No Subdivision

About this home

An existing tenant, a refreshed second unit and projected rental income above the 1% benchmark! This Near Eastside duplex offers two bedrooms and one bathroom per side. Unit 40 is currently rented, while Unit 42-the right side-is vacant with a prospective tenant being screened. Recent improvements to Unit 42 include paint, light fixtures and flooring, giving the space a fresh look for its next occupant. Interior photos feature Unit 42. Nearby IndyGo Route 8 stops at Washington and LaSalle add public transportation convenience, with Willard Park, Kan-Kan Cinema & Bar, and the dining and entertainment of nearby restaurants. At a $180,000 asking price, projected combined gross rent of $2,100 per month exceeds the 1% benchmark before expenses. An opportunity to expand your rental portfolio with one tenancy in place and recent updates to the second unit.

Description provided by the listing brokerage.

Exterior

Roof
Shingle
Parking and garage
Alley Access

Schools

School district
Indianapolis Public Schools

Taxes

Estimated annual tax
$3,716 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$1,280per month, estimated
Principal and interest $907Property tax $310Insurance $63
20% · $36,000
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$180,000
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