What to know about this one.
Priced at $155,000, this charming 1926-built ranch duplex is fully leased and generating $1,525/month gross income, with both units on month-to-month leases, perfect for flexibility or updates Talk to Tucker +8 Zillow +8 Compass +8 Howard Hanna Real Estate Services +4 @properties +4 Redfin +4 . Each unit has separate utility meters, making management a breeze. Recent soffit upgrades are already done, and there's room to add value through cosmetic tweaks Compass +5 @properties +5 Zillow +5 . With two beds, two baths, a spacious basement with laundry hookups, and on-street/lot parking, this property fits investors or owner-occupants looking to house-hack. Located in Fountain Square near downtown, it offers immediate income and future rent growth potential. Solid fundamentals, minimal maintenance, and upside, check it out!
Estimate your monthly payment
- P&I $821
- Property tax $129
- Insurance $54
Estimates only, not a quote. Defaults reflect Marion County / Indianapolis averages: property tax at 1.0% of price (Indiana homestead-capped at 1%), 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 trust1849 E Minnesota St
Indianapolis, IN 46203
