Key facts
- Lot
- 0.09 acres
- Year built
- 1924
- Type
- Residential Income · Duplex
- Stories
- Two
- MLS #
- 22130949
- County
- Marion
- Subdivision
- Hillcrest
About this home
Updated, rent-ready duplex near Fountain Square offering an attractive opportunity for investors and owner-occupants! Located at 1525-1527 Villa Avenue, each two-story unit features 1 bedroom and 1 bathroom. A new roof, forced-air heating, and refreshed interiors add to the property's appeal. With a Market rent of $850 per month, providing a rental-history benchmark for buyers evaluating income potential. The location offers access to Fountain Square's restaurants, independent shops, live music, and arts scene, with downtown Indianapolis employment and entertainment within reach. Investment in the broader southeast downtown area includes the completed South Street Cultural Trail expansion, strengthening connections between Fountain Square, the Wholesale District, and downtown amenities. Fountain Square's HI-FI venue expansion, supported in part by a $1 million READI 2.0 Arts & Culture grant, represents additional investment in the district's entertainment economy. These amenities and ongoing investments may support the area's appeal to renters and homeowners alike. Whether you're expanding your portfolio or planning to live in one unit while renting the other, this updated duplex offers a practical path to ownership with income potential in Indianapolis' near southeast area!
Description provided by the listing brokerage.
Interior
- Basement
Exterior
- Roof
- Parking and garage
Systems
- Heating
Schools
- School district
- Indianapolis Public Schools
Taxes
- Estimated annual tax
- $1,860 / 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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