Key facts
- Lot
- 0.12 acres
- Year built
- 1925
- Type
- Residential Income · Duplex
- Stories
- One
- MLS #
- 22127793
- County
- Marion
- Subdivision
- Winmar Place
About this home
Add to your rental portfolio or live in one side while renting out the other! This Grace Tuxedo duplex offers two 2-bedroom, 1-bath units with approximately 784 square feet per side and off-street parking. One side received a turnkey renovation in 2026 and is vacant and ready to lease or occupy, while the other is currently leased at $750/month through March 31, 2027. Estimated market rents of approximately $850-$950 per side offer potential for increased rental income over time, subject to existing lease terms and market conditions. Additional improvements include a new roof and water heater installed in 2022, per the seller. Nearby investment includes IndyGo's Blue Line along Washington Street, currently under construction with service anticipated in late 2028 and planned roadway, sidewalk and transit improvements throughout the corridor. A solid opportunity to generate income now with room for future upside.
Description provided by the listing brokerage.
Interior
- Basement
- Laundry
- Security
Exterior
- Construction
- Foundation
- Style
- Parking and garage
- Fencing
Systems
- Heating
Lot and HOA
- Lot features
Schools
- School district
- Indianapolis Public Schools
Taxes
- Estimated annual tax
- $2,626 / 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.
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