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1041 S East Street

Indianapolis, IN 46225

ActiveListed Sep 29, 2026 · 1 day on market

Key facts

Beds
2
Baths
2 full
Living area
808 sqft
Lot
0.05 acres
Year built
1920
Type
Residential · Single Family Residence
Stories
Two
MLS #
22128781
County
Marion
Subdivision
Bates
Total building area
1,128 sqft

About this home

Unique Residential or Commercial Opportunity - Active Short-Term Rental Near Downtown Rare opportunity to own a commercially zoned property currently operating as a successful Airbnb just minutes from downtown. This beautifully updated two-bedroom, two-bath space offers a flexible layout featuring a spacious loft and an expansive upper deck with stunning city views. Thoughtfully renovated with modern finishes, the interior boasts open-concept living areas, updated kitchen and baths, and abundant natural light throughout. The large loft provides additional sleeping or lounge space, maximizing guest capacity and rental appeal. The private upper-level deck is a true highlight - perfect for entertaining or relaxing while enjoying panoramic skyline views. Located near downtown with excellent walkability to restaurants, breweries, coffee shops, and entertainment, this property sits in a highly desirable area for both short-term rental guests and business visibility. Easy access to major highways, cultural districts, and local attractions further enhances its value. Ideal for investors seeking immediate income potential, entrepreneurs wanting a live/work concept, or buyers looking for a distinctive commercial space in a prime urban location. A rare blend of location, versatility, and income-producing potential - opportunities like this don't come around often.

Description provided by the listing brokerage.

Interior

Appliances
DishwasherMicrowaveElectric OvenRefrigeratorWater Heater
Interior features
High CeilingsHi-Speed Internet Availbl
Kitchen
Kitchen Updated
Basement
Unfinished
Rooms
6
Main-level bedrooms
1

Exterior

Patio and porch
Deck
Construction
Vinyl Siding
Foundation
Block
Style
Traditional

Systems

Heating
Forced Air
Cooling
Central Air
Water
Public

Schools

School district
Indianapolis Public Schools

Taxes

Estimated annual tax
$4,364 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$2,116per month, estimated
Principal and interest $1,638Property tax $364Insurance $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.

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Listed at$325,000
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