Updated, rent-ready duplex near Fountain Square offering an attractive opportunity for investors and owner-occupants! Located at 1525-1527 Villa Avenue, each two-story unit features 1 bedroom and 1 bathroom. A new roof, forced-air heating, and refreshed interiors add to the property's appeal. One unit recently rented for $850 per month, providing a rental-history benchmark for buyers evaluating income potential. The location offers access to Fountain Square's restaurants, independent shops, live music, and arts scene, with downtown Indianapolis employment and entertainment within reach. Investment in the broader southeast downtown area includes the completed South Street Cultural Trail expansion, strengthening connections between Fountain Square, the Wholesale District, and downtown amenities. Fountain Square's HI-FI venue expansion, supported in part by a $1 million READI 2.0 Arts & Culture grant, represents additional investment in the district's entertainment economy. These amenities and ongoing investments may support the area's appeal to renters and homeowners alike. Whether you're expanding your portfolio or planning to live in one unit while renting the other, this updated duplex offers a practical path to ownership with income potential in Indianapolis' near southeast area!
Listing Courtesy of: Keller Williams Indy Metro Partners
815-557-3253
Agent licensed in IN
| Listing Id: | 22130949 |
|---|---|
| List Price: | $139,555 |
| Property Type: | Residential Income |
| Property Sub Type: | Duplex |
| Status: | Active |
| Bathrooms Full: | 0 |
| Bathrooms Half: | 0 |
| Semi Annual Property Tax Amt: | $930 |
| Lot Size Square Feet: | 1,482 |
| Lot Size Acres: | 0.09 |
| Waterfront?: | No |
| City: | Indianapolis |
| County Or Parish: | Marion |
| Subdivision Name: | Hillcrest |
| Postal Code: | 46203 |
| Year Built: | 1924 |
| Number Of Units Total: | 2 |
| Basement: | Yes |
| Basement: | Unfinished |
| Building Area Source: | Broker |
| High School District: | Indianapolis Public Schools |
| MLS Area Major: | Center |
| Current Use: | Vacant |
| Directions: | GPS Friendly |
| Heating: | Forced Air |
| Roof: | Shingle |
| Levels: | Two |
| Acres: | <1/4 Acre |
| Affectedby Disclosures: | No |
| Conversion: | No |
| DPRYN: | No |
| Expenses: | 0 |
| Gross Area SQFT: | 1482 |
| Parking Features: | Alley Access |
| Price Acre: | 1550611 |
| Price Unit: | 69778 |
| Road Access: | Not Applic |
| Solid Waste: | Yes |
| Trans Type: | Sale |
| Original List Price: | $139,555 |
| Parcel Number: | 491018158120000101 |
| Possession: | Subject To Tenant Rights |
| Postal Code Plus4: | 2947 |
| State Or Province: | IN |
| Tax Year: | 2025 |
| Low Maintenance Lifestyle Yn: | No |
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MIBOR Broker Listing Cooperative® data last updated on October 12, 2026 03:06 AM - ET
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Property Last Updated: October 12, 2026 03:06 AM - ET
