An outstanding investment opportunity in a highly sought-after location, featuring one tenant already in place for instant income and a vacant unit ready for an owner-occupant or a new tenant. Located just off College Avenue and 54th Street in the heart of Midtown Indianapolis, this classic duplex presents… Read More a rare opportunity for house hackers, investors, and owner-occupants alike. The property combines historic character, modern updates, and exceptional walkability to some of the city's most popular restaurants, coffee shops, parks, and entertainment destinations. The 642 side has been extensively updated and features a newer HVAC system and water heater for added peace of mind. Currently leased through January at $1,725 per month, it provides immediate income with potential upside to market rents. The 644 side is vacant and move-in ready, showcasing beautiful original hardwood floors and timeless charm, making it ideal for an owner-occupant or new tenant. Additional improvements include a new roof installed in December 2024, separate entrances with double covered front porches, and private rear parking for both units. Whether you're looking to offset your housing costs through house hacking, expand your investment portfolio, or capitalize on the area's strong demand for long-term and short-term rentals, this property offers flexibility and income potential in a location that's difficult to replicate. Just minutes from Downtown Indianapolis, Broad Ripple, and major northside destinations, opportunities like this don't come around often. Own where you live, reduce your monthly housing expense, and start building wealth through real estate. Read Less
Courtesy of eXp Realty LLC, 716-310-2444.
Listing Snapshot
Days Online
58
Last Updated
Property Type
Duplex
Lot Size
0.1 Acres
Year Built
1920
MLS Number
22105879
30 Days Snapshot Of 46220
$452k
+17%
(avg) sold price
52
-35%
homes sold
53
-11%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Description: Unfinished
Building
Year Built: 1920
Cooling
Details: Central Air
Heating
Heating: Forced Air
Lot
Acres: 0.1, MLS Acres: <1/4 Acre
Roof
Description: Shingle
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The data relating to real estate for sale on this website comes courtesy of MIBOR REALTOR® Association as distributed by MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.”
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