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1230 Union Street

Indianapolis, IN 46225

ActiveListed Nov 3, 2026 · 1 day on market

Key facts

Lot
0.14 acres
Year built
1920
Type
Residential Income · Duplex
Stories
Two
Garage
2 spaces
MLS #
22133518
County
Marion
Subdivision
Mccartys South Add

About this home

Experience an exceptional investment opportunity perfectly positioned near downtown Indianapolis, Bates-Hendricks & Fountain Square! This extensively renovated property offers 3 distinct living spaces-a beautifully updated duplex PLUS a separate studio-style carriage-house apartment above a detached 2-car garage-Currently utilized for short-term rentals in 2 of the 3 residences, this versatile property presents exciting possibilities for investors, business travelers, multigenerational living or an owner-occupant looking to offset expenses with rental income-Each spacious duplex residence features 2 bedrooms, BOTH with private ensuite bathrooms & walk-in closets, plus a convenient main-level half bath-Beautifully appointed kitchens showcase quartz countertops & gas stoves, while the bathrooms feature double vanities & custom showers-Inviting living & dining areas, mudrooms, upstairs laundry, finished basement recreation spaces & private balconies provide exceptional comfort & flexibility-The detached carriage-house offers its own open-concept living space with a designated garage space, sleeping area, kitchen & full bathroom-Outdoor spaces include private balconies & Privacy fence, while durable Hardie siding & the detached 2-car garage add even more appeal. Located near Eli Lilly HQ, Lucas Oil Stadium, Gainbridge Fieldhouse & the restaurants, nightlife & entertainment of Fountain Square, this location is ideal for experiencing everything Indianapolis has to offer-1232 & the carriage-house are currently utilized as Airbnb rentals, while 1230 is vacant & available for owner-occupancy or additional rental opportunities-With a good offer, the seller will consider including furnishings & appliances, including washers & dryers in all 3 units-Whether you're seeking a short-term rental investment, long-term rental portfolio addition or a high-end house hack, this property delivers 3 living spaces & impressive renovations & exceptional versatility near the heart of Indy.

Description provided by the listing brokerage.

Interior

Basement
Finished
Laundry
Connections All
Condition
Updated/Remodeled

Exterior

Exterior features
Carriage/Guest House
Roof
Asphalt
Construction
Cement Siding
Style
Traditional
Parking and garage
DetachedGarage Door OpenerGarage Faces Rear
Fencing
FullPrivacy

Systems

Heating
Forced Air
Cooling
Central Air

Lot and HOA

Lot features
CurbsNot In SubdivisionSidewalksStreet LightsMature Trees

Schools

Middle school
James A Garfield School 31
High school
Arsenal Technical High School
School district
Indianapolis Public Schools

Taxes

Estimated annual tax
$8,066 / 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$615,000

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 12, 2026

Estimate your monthly payment

$3,987per month, estimated
Principal and interest $3,100Property tax $672Insurance $215
20% · $123,000
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.

Talk to a lender we trust
Address
1230 Union Street, Indianapolis, IN 46225
County
Marion
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Listed at$615,000
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