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$384,000
1515 E Michigan St is a well-maintained 5-unit multifamily investment opportunity located just minutes from downtown Indianapolis. The property sits in a strong rental corridor near Holy Cross, Arsenal Heights, Cottage Home, and the Mass Ave corridor, with continued residential and commercial development throughout the surrounding area. The front building consists of four units, with a fifth unit created from a converted garage, offering a functional and efficient unit mix attractive to long-term tenants. The current owner has consistently maintained the property during their ownership, supporting stable operations and long-term tenant retention. The property is primarily tenant-occupied with two units currently available for immediate showings, offering flexibility for investors or owner-occupants. Strong rental demand and convenient access to downtown, major thoroughfares, and neighborhood amenities support long-term performance.

1515 E Michigan Street, Indianapolis

Listing courtesy of FS Houses LLC.

$229,900
3 Beds 2 Baths
Traditional charm just north of downtown Indianapolis, ready for its next chapter. This home, with its traditional charm, is ready for you to move in. From the moment you arrive, the massive front porch sets the tone, a great spot for relaxing in the evening or just catching the morning sunrise. This home features 3 comfortably sized bedrooms, with plenty of personal space for each person. A full bathroom and an additional half bathroom cater to both daily routines and guest convenience. The basement adds a functional laundry area while adding valuable storage or potential for future finishes. Outside, a private fenced in backyard offers a quiet escape, whether you're growing a garden, hosting a cookout, or just enjoying some fresh air. Experience the appeal of downtown living and functional design of this incredible home. Come see it today.

3366 N College Avenue, Indianapolis

Listing courtesy of Realty Wealth Advisors.

$220,000
4 Beds 3 Baths
Welcome to this beautifully renovated two-story bungalow in the heart of Indianapolis, where timeless charm meets modern comfort. Offering 4 spacious bedrooms, 2.5 bathrooms, and multiple flexible living areas, this move-in-ready home is designed to fit today's lifestyle. Step onto the inviting front porch, the perfect spot to enjoy your morning coffee or unwind in the evening. Inside, you'll find a bright, open-concept living space filled with natural light, creating an ideal setting for both everyday living and entertaining. The main-level primary suite provides a private retreat with a full en-suite bath and convenient access to the family room. The stylish eat-in kitchen features updated finishes, modern fixtures, and a large picture window overlooking the backyard, making it a warm and welcoming space for meals and gatherings. Downstairs, a versatile lower-level flex space offers endless possibilities as a home office, media room, fitness area, or playroom. Outside, enjoy the partially fenced and beautifully landscaped backyard, providing plenty of room for outdoor entertaining, gardening, or relaxing. Blending classic character with thoughtful updates, this exceptional home offers elegance, functionality, and outstanding value. Be sure to ask about the generous buyer incentives available through the sellers and Carrington Mortgage, making homeownership even more attainable.

3565 Evergreen Avenue, Indianapolis

Listing courtesy of Vylla Home.

$175,000
2 Beds 1 Baths
For more information please reach out to the listing agent directly if you are not currently represented by an agent-Welcome home to this charming 2-bedroom, 1-bath residence offering comfort, character, and exceptional outdoor living. Inside, you'll find a spacious living room with arched doorways, tray ceilings, decorative fireplace, tile shower, mudroom, generous primary closet, three hallway closets, and abundant storage throughout. Major updates provide peace of mind, including a new furnace and water heater (2024), new garage door and opener (2026), and new washer and dryer (2026). Step outside to a (new) fully fenced backyard featuring a new deck, outdoor kitchen with Blackstone grill, rock garden, mature perennials, separate dog run, mini barn, playset, and plenty of room to entertain. The double driveway, covered front porch, and attached garage add everyday convenience. Ideally located near Ellenberger Park, shopping, dining, schools, and with easy access to I-70, I-465, and Downtown Indianapolis, this home combines neighborhood charm with everyday convenience.

3445 N Riley Avenue, Indianapolis

Listing courtesy of Keller Williams Indy Metro NE.

$189,900
Rare opportunity to own a quality-built, all-brick duplex just minutes from downtown Indianapolis! This property showcases the kind of craftsmanship that's hard to find today-no sloping or soft floors, no bowing walls, just a rock-solid building built to last. Each unit features its own covered concrete patio and private side entrance. The property also includes a rare all-brick 3-car detached garage, with the occupied unit using the 1-car bay and the vacant unit enjoying the 2-car garage. It's incredibly uncommon to find a 2-bedroom rental this close to downtown with a 2-car garage. Additional gravel parking along the side and rear alley provides plenty of off-street parking for tenants and guests. One unit was fully renovated in 2021 and is in excellent condition. It also features a basement bedroom and half-bath suite completed in 2020, creating a functional 3-bedroom layout. The second unit currently has 2 bedrooms after the original family room was converted into a bedroom, while the full unfinished basement offers an excellent opportunity to add a basement bedroom and bath similar to the renovated unit. A future owner could create two 3-bedroom units or maximize income with a room-by-room rental strategy. Excellent location just a 4-minute drive to Fountain Square, only 3 miles from the heart of downtown Indianapolis, and within walking distance of Garfield Park. Whether you're looking to house hack, expand your portfolio, or add value through future improvements, this solid brick duplex is a rare investment opportunity.

1130 E Kelly Street, Indianapolis

Listing courtesy of Indiana Ford Realty LLC.

$199,999
3 Beds 2 Baths
For more information please reach out to the listing agent directly if you are not currently represented by an agent. Welcome to 250 N. Oakland Ave., a beautifully updated 1916 home that perfectly blends timeless character with modern updates in a convenient downtown Indianapolis location. When you arrive you will notice the immense covererd front porch great for sitting on a swing and enjoying a summer afternoon. Inside, you'll find beautiful hardwood floors, custom wainscoting, and a dining room full of original charm. Large closets in every bedroom, including a walk-in closet in the primary and abundant built-in cabinetry provide exceptional storage. The spacious kitchen includes all appliances, crown molding on the cabinets, while the updated bathroom features a custom tiled shower and additional built-in linen storage. Major improvements include a 200-amp electrical service, reverse osmosis water system, new tuckpointing and chimney flashing, and a new side porch for added functionality and curb appeal. The full unfinished basement offers endless possibilities and is currently used as a music studio and storage area, providing flexible space for hobbies, a workshop and a home gym. Enjoy exceptional outdoor living with a covered porch, mature trees, a firepit, and a private, fully fenced backyard that's perfect for entertaining, pets, gardening, or relaxing under the stars. Located just minutes from Mass Ave, the Monon Trail, Gainbridge Fieldhouse, Bottleworks District, and downtown Indianapolis dining, shopping, and entertainment, this move-in-ready home also benefits from the recent New York and Michigan Street two-way conversions and new bike lanes for quick, convenient access throughout downtown. Offering historic charm, thoughtful updates, abundant storage, and an unbeatable location, this home is ready for its next owner.

250 N Oakland Avenue, Indianapolis

Listing courtesy of Keller Williams Indy Metro NE.

$184,900
Two-story brick duplex producing $2,450 per month in gross rents, offered at $184,900, with both unit rents documented by executed leases. Each of the two units features two bedrooms and one bathroom with both bedrooms located on the second floor. Tenants have been in place several years and pay their own utilities. System ages include roof at approximately fourteen to fifteen years, furnace and air conditioning at six to seven years, and water heater at six to seven years. Light cosmetic updates support rents of approximately $1,300 to $1,400 per unit, offering near-term upside on already-strong in-place income. The building anchors the St. Clair Place and Windsor Park corridor, blocks from neighborhood restaurants and minutes from downtown Indianapolis, Mass Ave, and Bottleworks. One of thirteen buildings in a 17-unit Indianapolis rental portfolio available individually or as a package. Executed leases available upon request. Property sold as-is.

402 N Parker Avenue, Indianapolis

Listing courtesy of @properties.

$240,000
New Investment Opportunity! This tenant occupied property is ready for its next owner to add their own creative touch. The current property owner has made updates as needed when units were turned over as well as a full rehab on unit number 4. There was off street parking added in 2025 for convenience for the residents who's units are on the back of the structure but parking on the street where legal is also an option. The home is located within minutes of shops, a grocery store, restaurants, and it just a few miles from downtown Indianapolis. All units are currently occupied; please do not disturb tenants if passing by. Total income is $2690. Pictures of all of the units were taken prior to tenants moving in. Agents, please reference private remarks for lease details. Room sizes are estimates

15 N Riley Avenue, Indianapolis

Listing courtesy of Wilmoth Group.

$289,900
3 Beds 2 Baths
Welcome home to the heart of Indianapolis' vibrant St. Clair Place neighborhood! This beautifully renovated 3-bedroom, 1.5-bath home seamlessly blends historic character with modern convenience. Originally built in 1910 & thoughtfully renovated in 2018, this two-story residence offers 1,560 square feet of above-grade living space, plus a full unfinished basement providing abundant storage & laundry facilities. Step onto the inviting covered front porch and experience the warm, welcoming atmosphere that makes St. Clair Place one of Indianapolis' most beloved urban neighborhoods. Inside, you'll find spacious living areas, updated finishes, & all appliances included (including the washer and dryer) making this home truly move-in ready. Outside, you'll find a fully fenced yard featuring classic wrought iron fencing in the front & a 6-foot privacy fence in the backyard, creating the perfect space for pets, entertaining, or relaxing outdoors. The recently painted exterior adds to the home's curb appeal & pride of ownership, & the one car garage adds to the convenience. Location is everything, & this home delivers! Walk to local favorites like Tick Tock Lounge, Rabble Coffee, & the Factory Arts District, while enjoying easy access to the Indianapolis Cultural Trail, Monon Trail, downtown Indianapolis, parks, dining, & entertainment. If you've been searching for a home that offers historic charm, modern updates, a fantastic neighborhood, & an unbeatable walkable lifestyle, this St. Clair Place gem is one you won't want to miss!

903 Eastern Avenue, Indianapolis

Listing courtesy of F.C. Tucker Company.

$179,900
An exceptional turn-key investment or premier "house-hacking" opportunity awaits at 3701 N Capitol Ave, a charming Indianapolis duplex packed with recent capital improvements. Capitalize on immediate rental income from one side currently generating $725/month, while utilizing the vacant, newly refreshed unit that features a fresh bathroom remodel (2024), a newer water heater (installed within the last 5 years), and a robust pro forma rental potential of $900-$950/month. The property features a whole-house exterior paint refresh (June 2026), alongside long-term mechanical peace of mind provided by a newer roof and a fully installed perimeter fence (both completed in 2018). Tenants and owner-occupants alike will appreciate the convenient off-street dedicated parking pad located directly behind the home via alley access, eliminating the hassle of street-only parking. Situated just minutes from downtown Indianapolis, this location offers unbeatable proximity to the heart of the city, bustling local shops, dining hotspots, and public transit, making it a stellar addition to any real estate portfolio or the perfect place to live for free while your tenant pays the mortgage.

3701 N Capitol Avenue, Indianapolis

Listing courtesy of Trueblood Real Estate.

$289,900
Excellent duplex investment opportunity in the rapidly revitalizing Meridian Park/Boulevard Square area, surrounded by numerous renovated homes and ongoing redevelopment. Each side features 3 spacious bedrooms, 1 full bath with a tub/shower combination, durable LVP flooring throughout, and a full basement for additional storage. Both units offer a covered front porch, generous living room, separate dining area, full kitchen with ample cabinetry and counter space, and a rear deck. The functional floor plans and strong rental demand make this an attractive addition to any investment portfolio. Conveniently located with easy access to Fall Creek Parkway, providing quick commutes to Downtown Indianapolis and the Northside. Public transportation is just steps away, including IndyGo bus service and the Red Line. Unit 515 is currently vacant and requires only minor cosmetic touches to be rent-ready, presenting an immediate value-add opportunity. Unit 513 is tenant-occupied at $1,050 per month with a lease in place through March 2027, providing stable income from day one. Major updates include a new roof (April 2022), new A/C units (April 2023), and Sewer line updated & cleanout installed in April 2026. A solid income-producing property in one of Indianapolis' fastest-growing neighborhoods.

513 E 31st Street, Indianapolis

Listing courtesy of T&H Realty Services, Inc..

$129,000
3 Beds 2 Baths
Come see this charming single-family residence built in 2017, offering 864 square feet of inviting living space. This delightful bungalow-style home is ready for you to move in and begin your next chapter, or is perfect for an investor to have a true turnkey-ready rental property; that has been rented out as both a section 8 home as well as a regular rental property. The property features three comfortable bedrooms with two full bathrooms, which is rare in this area but there is a rehabbing movement in the area. The kitchen has plenty cabinet storage along w/ kitchen appliances provided, with a newer refrigerator and hood vent fan and a brand new electric stove. Relax in the backyard w/ family in peace or perhaps travel to 1 of the many parks in the area, with the closest 1 being Washington Park w/ something for everyone. Close to the city bus-line and downtown, and close to the interstate system to take you anywhere you wish to go in the city. Come see before it's too late!!!

3511 Hillside Avenue, Indianapolis

Listing courtesy of Finney Group Realty LLC.

$1,500,000
**Multiple offers received, highest and best was due 7/6. Pending home sale contingency.** Located at the intersection of the highly desirable Herron Morton and Old Northside neighborhoods, AND in a designated Opportunity Zone, this 12 unit property offers a prime opportunity for experienced landlords, or investors entering the multifamily market. The complex consists of three all brick buildings, four units each. Each unit features a spacious two bedroom, one bath layout with lots of natural light. Each unit is currently leased for $895-$995 per month. All leases will renew at $995. With a fantastic 95% occupancy rate maintained over the past several years, this proven income-producing asset delivers consistent cash flow, long term stability, and strong investment potential. Inquire for rent roll, expenses, and utilities. Residents pay their own electric; all units are individually metered. No gas. Owner pays water, sewer, & common area electric bills, and residents pay $50/month for utilities on top of rents listed above. Residents with pets pay additional $25/month. Each unit has its own furnace, central air, and water heater. Refrigerators and ovens in each unit. Coin operated laundry units and more storage in the basements of each building. Water heaters are located in basements. All units share one large trash dumpster in the alley. Current lease rates and dates by request. One unit is recently vacant and available for showings. (Other units can be accessed upon accepted offer.) Current property management company is willing to continue management. See BLC#22105508 for residential listing- all 3 buildings are separate parcels and could be sold individually, although seller prefers to sell as a whole.

1635 Central Avenue, Indianapolis

Listing courtesy of Keller Williams Indy Metro Partners.

$80,000
2 Beds 1 Baths
Looking for a reliable rental in a convenient location? This Indianapolis bungalow offers a solid investment with minimal hassle. Renovated in March 2024 and currently leased at $950/month through May 2026, it's a turn-key opportunity with income already in place. The home features 2 bedrooms, 1 bathroom, and an unfinished basement that provides useful storage or potential future value. Situated just minutes from Downtown Indy, Mass Ave, Little Flower, Irvington, and Brookside Park & Disc Golf Course, the property is in a central location that continues to see steady demand from renters. With updates already taken care of and a lease in place, it's a straightforward addition to your investment strategy. Schedule a showing and see if this opportunity fits your goals-rental properties with this kind of convenience don't last long.

930 N Kealing Avenue, Indianapolis

Listing courtesy of Keller Williams Indy Metro Partners.

$240,000
6 Beds 4 Baths
Rare opportunity to own a thoughtfully updated 6-bedroom, 4-bathroom home offering nearly 2,000 square feet across three finished levels! Perfect for large families, multi-generational living, or anyone needing exceptional space and flexibility. The main level features two bedrooms, two full bathrooms, and a beautifully updated kitchen with gray shaker cabinets, quartz countertops, a farmhouse sink, subway tile backsplash, stainless steel appliances, and an open-concept layout ideal for entertaining. Upstairs offers four additional bedrooms and two full bathrooms, while the finished attic provides flexible space for a home office, playroom, hobby room, or storage. Outside, enjoy a fenced backyard, covered front porch, and storage shed. Homes with this much space and versatility are hard to find. Schedule your private showing today!

1015 N Oxford Street, Indianapolis

Listing courtesy of Resolute Realty.

$239,000
Back on Market due to no fault of the Seller. -- Rehabbed, income-producing duplex offers a great opportunity in a rapidly developing area of Indianapolis. This move-in ready property features two spacious 3 bed, 1 bath units with open concept floor plans and basements on each side, including washer/dryer connections for added tenant convenience. One unit is currently rented at $1,200/month, making this an ideal opportunity for investors looking for immediate income and a property that meets the highly sought-after "1% rule." Major capital improvements have already been completed, including new roof, gutters, and siding in 2021, new sewer line and plumbing in both units, updated HVAC systems with central AC replaced in 2020 and 2022, plus new interior paint and flooring throughout. Unit 603 was fully renovated in 2021. Located near an IndyGo bus stop and offering quick access to downtown Indianapolis and major highways, this duplex combines location, updates, and rental appeal into one strong investment opportunity.

601 N Sherman Drive, Indianapolis

Listing courtesy of @properties.

$265,000
3 Beds 2 Baths
Walking distance to the Indiana State Fairgrounds!! Step right up, folks, and feast your eyes on a true golden oldie with a modern twist! Perched proudly at 3741 Ruckle ST in the heart of INDIANAPOLIS, this charming 1910 single family residence offers a delightful 2000 plus square feet of living space. It's not just a house; it's a story waiting for its next chapter, brimming with playful possibilities and historical allure in this up-and-coming neighborhood! With three bedrooms, there's ample room for slumber parties, crafting corners, or even a dedicated "thinking room" for your brilliant ideas. Each space is a blank canvas, ready for your wildest design dreams to come to life. Dual upstairs entry from the front living room or the back from the kitchen. You'll find two full bathrooms, ensuring no one has to wait in line - a true luxury in any bustling household! Imagine bubble baths, invigorating showers, and plenty of space for all your pampering potions. This delightful dwelling stands tall at two stories, offering distinct zones for living and dreaming. The 5271 square foot lot provides a generous outdoor playground, perfect for garden gnomes, impromptu picnics, or simply basking in the sunshine. Ready to write your own whimsical tale in this enchanting abode? Come on down and discover the magic of 3741 Ruckle ST! Home is also handicap accessible from the rear and offers a new full bath added on from the mud room for convenience!

3741 Ruckle Street, Indianapolis

Listing courtesy of Ala Carte Realty.

$749,900
3 Beds 3 Baths
The top floor of the architectural grande dame of Downtown. With a main entrance patterned by noted architect Robert Frost Daggett from the 15th-century Palazzo Venezia in Rome, two condominium homes were combined to form a 3,000 square foot (apx) sanctuary. Twelve foot ceilings and gleaming hardwood flooring (not vinyl!) enhance the breathtaking views of our city from the wall of windows in the great room. Found within are three bedrooms (including a spectacular primary suite), three full bathrooms, a large family room/library, an office, a large flexible great room and dining area, and a well-fitted kitchen with granite counters and stainless appliances. It is the Athletic Club, after all, so the full-sized basketball, racquetball, fitness center, golf simulator, and squash courts are yours in addition to the lovely patio on the roof and several meeting and game rooms. A rarity for the building is that this home has TWO INDOOR Garage Spaces in addition to TWO Parking Lot Spaces (one is currently being rented out) and TWO storage units.

350 N Meridian Street, Indianapolis

Listing courtesy of GB Landrigan & Company.

$525,000
2 Beds 2 Baths
This thoughtfully designed 2 bed/2 bath condo offers the perfect mix of comfort and style in the heart of downtown Indianapolis. Inside, you'll find custom finishes throughout, from upgraded flooring and modern lighting to a sleek, well-appointed kitchen that's built for both everyday living and entertaining. The open layout makes the space feel bright and connected, with large windows that bring in natural light and highlight the attention to detail in every room. Both bedrooms are generously sized, and each bathroom features clean, contemporary design and quality materials. This property also includes a private, attached 2-car garage, offering convenience, security, and extra storage space. One of the standout features is the direct access to the Cultural Trail right outside your front door. Step out and you're instantly connected to some of the city's best restaurants, local shops, sports venues, university/hospital campuses and green spaces. Whether you're heading out for a morning walk, grabbing dinner, or catching a game, everything is just minutes away. If you're looking for a low maintenance home with upscale touches and unbeatable access to city living, this condo checks all the boxes.

110 E North Street, Indianapolis

Listing courtesy of Trueblood Real Estate.

$199,990
1 Beds 2 Baths
Mixed Use Property Located in Vibrant Area on Historic Shelby Street. At the Corner of Shelby & Raymond, with hundreds of vehicle traffic options every day, this property gives options of branding to many, while having a 2nd Floor Apartment for Additional Income. 1st Floor could have multiple work areas or left as-is for a multitude of business options. Out front business parking, plus alley access and additional parking. Garage is currently being used as a shop or additional storage options. Just down the street from vibrant Fountain Square, minutes from Downtown Indy and a great option to start, relocate or change your business location. This mixed-use option is rare for the area at this price point. Take a look today and see how this matches your future business options.

2023 Shelby Street, Indianapolis

Listing courtesy of Compass Indiana, LLC.

$198,000
Welcome to this charming two-level duplex offering space, versatility, and incredible potential. With a total of 6 bedrooms and 2 full bathrooms - thoughtfully divided into 3 bedrooms and 1 bath per unit - this property provides comfortable living arrangements on both sides. One unit has been beautifully renovated, offering fresh updates and move-in-ready convenience, while the other side presents an exciting opportunity to add your own finishing touches and build instant equity. Whether you're looking to live in one unit and rent the other, create multigenerational living space, or expand your investment portfolio, this duplex offers flexibility to fit your goals. With generous room sizes and strong income potential, this is a property where opportunity truly meets possibility.

822 N Bradley Avenue, Indianapolis

Listing courtesy of BluPrint Real Estate Group.

$290,000
5 Beds 4 Baths
***SELLER OFFERING CONCESSIONS FOR BUY DOWN OF INTEREST RATE*** Beautifully renovated former duplex, now a spacious 5-bedroom, 3.5-bath single-family home in the heart of Indianapolis! This thoughtfully reimagined property offers flexibility, room to grow, and modern updates throughout. Step inside to find a bright, comfortable layout featuring a large living area, updated kitchen, and ample bedroom space across multiple levels-perfect for extended living, guests, or a work-from-home setup. The home retains its original charm while incorporating today's conveniences, including refreshed bathrooms, upgraded finishes, and generous storage. With over five bedrooms, everyone can have their own private space. The 3.5 baths ensure comfort and functionality for daily living or entertaining. Outside, enjoy a low-maintenance yard and easy access to downtown, the IUPUI campus, Riverside Park, the emerging 16 Tech district, and major commuter routes. This is a great opportunity to own a versatile, spacious home in a developing area. Move-in ready and full of potential-come take a look!

940 W 34th Street, Indianapolis

Listing courtesy of Keller Williams Indy Metro NE.

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