56-58 E Arizona St

Rent-by-the-room machine generating $4,950/mo with dual kitchens and proven income.

Check out this beautifully updated duplex in Woodruff Place offering an unbeatable house hacking opportunity, just minutes from popular hotspots like Amelia's and North Mass Boulder! This 4-bedroom, 2-bathroom property features updated systems and recent improvements throughout, making it an excellent turnkey investment. Both units have received significant upgrades including new electrical panels (2023), new sump pumps (2023), new ceiling fans in all bedrooms (2024), updated shower and tub faucets (2024), and a fully replaced back porch roof on both sides (2024). Unit 618 includes a new hot water heater (2024) and new dishwasher (2025). Unit 620 features new basement stairs (2024). Chimney work including a new cap, brick replacement, and protective coating was completed on both sides in 2025. The property is conveniently located on the near east side with easy access to downtown Indy, Fountain Square, and the growing St. Claire Place corridor. On-street parking available. Unit 618 is vacant and Unit 620 is rented for $1,180/mo through 6/30/2026.

Solid duplex located in a growing Indianapolis neighborhood and part of a 4-property rent-by-the-room portfolio. Each unit offers comfortable living space with separate entrances, providing privacy and strong rental appeal. Currently operated as a rent-by-the-room investment, with 4 of 6 rooms occupied producing $3,300/month. At full occupancy, stabilized rent is $4,600/month. An excellent opportunity for investors or owner-occupants looking to house hack or add a strong cash-flowing asset to their portfolio.