Indianapolis, IN 46208,1241 W 31st ST
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Indianapolis, IN 46208,1241 W 31st ST
Indianapolis, IN 46208,1241 W 31st ST
Indianapolis, IN 46208,1241 W 31st ST
Indianapolis, IN 46208,1241 W 31st ST
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James Wilson

James Wilson

+1(317) 289-5969
Listed by Charlene Gaard • No Limit Real Estate, LLC
$ 275,000
Est. payment /mo
Save
Active

1241 W 31st ST Indianapolis, IN 46208

6 Beds

2 Baths

3,256 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 3,256 sqft

Price per Sqft $84

Subdivision Armstrongs 1St Add

MLS Listing ID 22073819

Bedrooms 6

Full Baths 2

HOA Y/N No

Year Built 1930

Tax Year 2024

Lot Size 5,227 Sqft

Acres 0.12

Property Sub-Type Single Family Residence

Property Description

Looking for a high-yield investment opportunity? This 6-bed home in Indianapolis offers flexible rental potential with six private bedrooms, two full baths, and a layout well-suited for shared housing models. Positioned near Riverside Park and just minutes from IUPUI, downtown employers, and public transit routes, the location supports consistent demand for housing from students, workforce renters, and voucher holders. Zoned single-family, this property has a strong rental history and is currently vacant for immediate lease-up or minor value-add upgrades. Large common areas, full kitchen, and convenient street parking make it easy to configure as traditional or shared living. Newer roof and updated mechanicals provide peace of mind. Investors looking to maximize returns through Section 8, room-by-room, or co-living strategies will find this an adaptable asset in a high-demand corridor. Nearby properties show stable cash flow potential with proper management. No HOA.

Location

State IN

County Marion

Rooms

Basement Unfinished

Main Level Bedrooms 6

Interior

Interior Features Attic Access

Heating Forced Air, Natural Gas

Cooling None

Fireplace N

Appliance Electric Cooktop, Microwave, Refrigerator

Building

Story One

Foundation Block

Water Public

Architectural Style Traditional

Structure Type Vinyl Siding

New Construction false

Schools

School District Indianapolis Public Schools

MIBOR MLS
© 2026 All listing information is courtesy of MIBOR Broker Listing Cooperative(R) as distributed by MLS Grid. All rights reserved.

NEARBY SCHOOLS & PROPERTIES

SCHOOLSPROPERTIES
Elementary Schools 20
  • 6

    Center For Inquiry School 2

    Public | KG - 8

  • 5

    Ernie Pyle School 90

    Public | PK - 6

  • 3

    William a Bell School 60 Reggio Academy

    Public | PK - 3

  • 3

    Mary E Nicholson School 70

    Public | KG - 5

  • 2

    Riverside School 44

    Public | PK - 6

  • 1

    Stephen Collins Foster School 67

    Public | KG - 6

  • 1

    Cold Spring School

    Public | KG - 6

  • 1

    Wendell Phillips School 63

    Public | KG - 6

  • 1

    Elder W Diggs School 42

    Public | PK - 6

  • 1

    James Whitcomb Riley School 43

    Public | KG - 8

  • 1

    Louis B Russell Jr School 48

    Public | PK - 6

  • 0

    St Michael-St. Gabriel Archangels Catholic Eleme

    Private | PK - 8

  • 0

    Purpose of Life Academy

    Private | PK - KG

  • 0

    Padua Academy

    Public | KG - 8

  • 0

    School of Knowledge

    Private | PK - 12

  • 0

    International School of Indiana

    Private | PK - 12

  • 0

    Holy Angels Catholic School

    Private | PK - 6

  • 0

    Flanner House Elementary School (Charter)

    Public | KG - 6

  • 0

    Project Libertas

    Private | KG - 8

  • 0

    Montessori Centres

    Private | PK - 2

Middle Schools 6
  • 0

    Cardinal Ritter High School

    Private | 7 - 12

  • 0

    Basic Preparatory Academy

    Private | 7 - 12

  • 0

    Crispus Attucks Med Mgnt Jr High School

    Public | 6 - 8

  • 0

    Carpe Diem - Meridian Campus

    Public | 6 - 12

  • 0

    Shortridge Law & Pub Pol Mag Jr High School

    Public | 6 - 8

  • 0

    Indiana Virtual School

    Public | 6 - 12

High Schools 7
  • 10

    Herron High School

    Public | 9 - 12

  • 5

    Crispus Attucks Medical Magnet High School

    Public | 9 - 12

  • 4

    Shortridge Law & Public Plcy Mg High School

    Public | 9 - 12

  • 1

    Indianapolis Metropolitan High School

    Public | 9 - 12

  • 0

    Providence Cristo Rey High School

    Private | 9 - 12

  • 0

    The Excel Center - Lafayette Sq

    Public | 9 - 12

  • 0

    Excel Center for Adult Learners

    Public | 9 - 12

School and business data provided by Attom Data.
James Wilson

James Wilson

Broker | License ID: RB14027290

+1(317) 289-5969

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1241 W 31st ST