What to know about this one.
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.
Estimate your monthly payment
- P&I $1,483
- Property tax $233
- Insurance $98
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 trust1456 W 32nd St
Indianapolis, IN 46208

