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Listed by Peter Stewart • Keller Williams Indpls Metro N
$ 209,900
Est. payment /mo
Active
23 S Harris AVE Indianapolis, IN 46222
4,791 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Carpenters Home Place
MLS Listing ID 22113487
Year Built 1910
Tax Year 2025
Lot Size 4,791 Sqft
Acres 0.11
Property Sub-Type Duplex
Property Description
Investors and house hackers, welcome to 23-25 S Harris Ave-a turn-key, updated side-by-side duplex on Indianapolis' rapidly developing near-west side! Unit 23 is currently rented at $1,265/mo on a month-to-month lease, providing immediate income, while Unit 25 is vacant and move-in ready-ideal for an owner-occupant looking to offset their mortgage with rental income or an investor ready to place their own tenant. With both sides offering nearly identical layouts and finishes, Unit 25 should support a similar rent of approximately $1,265/mo, bringing projected total gross rents to $2,530/mo. Once fully occupied, the property is projected to perform well above the coveted 1% rule, making it an especially compelling option for cash-flow-focused investors. Landlord expenses are kept low with all utilities separately metered and paid by the tenants. Just 10 minutes from Downtown Indy, IU Indianapolis, four major west-side hospitals, the Indianapolis Motor Speedway, and near the new Elanco Global HQ, White River State Park, and Indy Zoo. Both units feature modern updates including durable LVP flooring, carpet upstairs, updated kitchens with white shaker cabinets, and central heating and air. Unit 23 offers 3 beds/1 bath, while Unit 25 features 3 beds/1.5 baths. A covered front porch adds classic 1910 character, while key improvements include a roof estimated at approximately 5 years old. A flexible opportunity for immediate income, house hacking, or long-term portfolio growth. Professional management is already in place and can remain if desired.
Location
State IN
County Marion
Interior
Heating Forced Air
Cooling Central Air
Fireplace N
Exterior
View Y/N false
Roof Type Asphalt
Building
Story Two
Architectural Style Traditional
New Construction false
Schools
School District Indianapolis Public Schools
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