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1525-1527 Villa Avenue

Indianapolis, IN 46203

ActiveListed Oct 9, 2026 · 12 days on market

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
Unfinished

Exterior

Roof
Shingle
Parking and garage
Alley Access

Systems

Heating
Forced Air

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

$907per month, estimated
Principal and interest $703Property tax $155Insurance $49
20% · $27,911
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$139,555
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