Off-Market Steals: 3 Deals, 2 Lots, 1 Market You Shouldn’t Miss

Happy Thursday,

Hope your week is off to a great start! I’ve got 3 solid off-market rental opportunities for you this week.

Before diving in, I wanted to share a quick update from one of my clients building a NEU Group duplex. This project has been such a cool journey to follow, and it’s finally starting to look like a livable home—getting closer and closer to completion.

Would you spend $425K on ground-up construction? I’ve got two PRIME lots available if you’re interested.

👉 What rules do you live by when it comes to your rentals?

P.S. The weather is changing in Indy… is now the time to hunt for those 30+ on-market deals?
P.P.S. We actually have quite a bit of on-market inventory—take a look: https://rootsrealty.co/properties

Property #1: Major Investment Quadplex | Arsenal Heights

323 N Arsenal Ave, Indianapolis, IN 46201
Check It Out Here | BiggerPockets Analysis
Asking Price: $449,000

💡 Why I Like This Deal

323 N Arsenal is a no-brainer investment in the desirable Arsenal Heights neighborhood (Class B location).

• Current Rent Roll: 2 units rented at $1,000 + $895

• Utilities: Billed back to tenants

• Vacancy: 2 units currently vacant, ready to lease

• Market Rent Potential: $1,000–$1,200 per unit depending on finish level & amenities

This property offers both cash flow today and appreciation upside in a submarket known for strong tenant demand and consistent investor returns.

📊 Market Rents

• Currently Occupied: $1,000 + $895

• Vacant Units (Market Rate): $1,000–$1,200 each

Stabilized Gross Rent Projection: ~$4,095/month

🔑 The Play

1. Cycle Tenants: Gradually move existing leases to market rent.

2. Stabilize: Bring all four units to current market rates.
   

Optional Upside: Consider furnishing one unit for mid-term or short-term rental to capture additional cash flow.

Property #2: Fully-Leased Duplex Near North Mass - Turnkey Cash Flow Play

1921-1923 Hillside Ave, Indianapolis, IN 46218
Check It Out Here | BiggerPockets Analysis
Asking Price: $164,900
Property Type: 4 Bed / 2 Bath Turnkey Duplex

💡 Why I Like This Deal

1921-1923 Hillside is a fully-tenanted, cash-flowing duplex—perfect for an investor who wants returns from day one.

• Turnkey: No need to source tenants or guess on rental comps.

• Upside: Units are large, and the detached garage is a major bonus for renters.
  

Location: In an up-and-coming pocket near North Mass Boulder, Mass Ave, and NEU Group developments, the neighborhood is positioned for outsized appreciation over the next 3–5 years.

📊 Rent Report

Current Rent Roll (Fully Leased): $1,590/month

🔑 The Play

1. Hold & Cash Flow: Immediate rental income with stable tenants in place.

2. Appreciation: Ride the wave of growth as nearby developments push values higher.

3. Optional Upside: Improve finishes down the line to push rents further.
   

   
   

Property #3: FULLY Turnkey Mid-Term Rental

524 S Rural St, Indianapolis, IN 46203
Check It Out Here | BiggerPockets Analysis
Asking Price: $165,000

💡 Why I Like This Deal

524 S Rural St is a turnkey mid-term rental (MTR) with proven performance.

• Track Record: Currently books travel nurses at an average of $2,500/month.

• Ready to Go: Comes fully furnished and operational for a new owner to step in seamlessly.

• Downside Protection: Even as a traditional long-term rental, it would bring in $1,500+/month.

• Cash Flow + Appreciation: Rare chance to secure a property that produces strong monthly income while sitting in a neighborhood with ongoing growth potential.
  

📊 The Numbers