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58 E Southern Avenue

Indianapolis, IN 46225

ActiveListed Oct 29, 2026 · 1 day on market

Key facts

Lot
0.22 acres
Year built
1923
Type
Residential Income · Duplex
Stories
One
MLS #
22129608
County
Marion
Subdivision
Shrewburys Worthus Add

About this home

Looking for your next opportunity? Don't miss your chance to add a turnkey duplex to your portfolio or become an owner-occupant and start investing while living in the second unit. Two-unit property featuring similar floor plans with 1 bed, 1 bath, private living space, outdoor porch area, and a basement on each side. Close proximity to downtown, restaurants, shopping and Garfield Park. This charming, two parcel, corner property (one side on 58 E Southern and the other on 2560 S Pennsylvania) has separate utilities, updated vinyl plank flooring (58 Southern), new bathroom tub and sink, updated lighting/ceiling fans and roof approximately 5 years old. Property includes two off street concrete parking spots. The unit on Pennsylvania is currently rented for $1,000 a month with a lease through July 31, 2028. The unit on Southern is currently open to rent between $900 - $1000 a month or the owner could choose to move in. Tenants pay utilities and owners expenses are taxes at $1718 semi-annually and insurance. Room sizes should be confirmed by buyer. Please note, out of respect for privacy of current tenants, photos and showing availability are for 58 E Southern only.

Description provided by the listing brokerage.

Interior

Laundry
In Basement

Exterior

Roof
Asphalt
Construction
Aluminum SidingWood Siding
Foundation
Block
Parking and garage
Detached

Systems

Heating
Forced Air

Lot and HOA

Lot features
AccessCorner Lot

Schools

School district
Indianapolis Public Schools

Taxes

Estimated annual tax
$3,436 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Price history

Every listing, price change and sale we have on record for this home.

DateEventPrice
Listed for sale$200,000

Properties displayed may be listed or sold by various participants in the MLS.

Information deemed reliable but is not guaranteed accurate.

© 2026 MIBOR REALTOR® Association

Based on information submitted to the Broker Listing Cooperative listing service as of November 3, 2026

Estimate your monthly payment

$1,364per month, estimated
Principal and interest $1,008Property tax $286Insurance $70
20% · $40,000
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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Address
58 E Southern Avenue, Indianapolis, IN 46225
County
Marion
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Listed at$200,000
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