Welcome to an exceptional investment opportunity in one of Indianapolis's most vibrant corridors! Nestled in the desirable Bates-Hendricks neighborhood and just moments from the heart of Fountain Square, this turnkey duplex perfectly blends urban convenience with incredible financial potential. Whether you're an experienced investor looking to expand a portfolio or a savvy homebuyer seeking an income-producing "owner-occupied play," this property delivers on every level. Each spacious, two-story unit 3 bedrooms, 1.5 bathrooms, and thoughtfully laid-out living spaces filled with natural light. With strong rental potential, flexible long-term strategy options, and a location surrounded by popular local dining, boutiques, and entertainment, the numbers truly work from every angle. Step inside, unlock the possibilities, and set yourself up for immediate success!
Listing Courtesy of: @properties
812-236-5559
Agent licensed in IN
| Listing Id: | 22128221 |
|---|---|
| List Price: | $295,000 |
| Property Type: | Residential Income |
| Property Sub Type: | Duplex |
| Status: | Active |
| Bathrooms Full: | 0 |
| Bathrooms Half: | 0 |
| Semi Annual Property Tax Amt: | $2,789 |
| Lot Size Acres: | 0.08 |
| Waterfront?: | No |
| City: | Indianapolis |
| County Or Parish: | Marion |
| Subdivision Name: | Bates |
| Postal Code: | 46203 |
| Year Built: | 1922 |
| Number Of Units Total: | 2 |
| Basement: | No |
| Building Area Source: | Assessor |
| High School District: | Indianapolis Public Schools |
| Construction Materials: | Vinyl Siding |
| MLS Area Major: | Center |
| Current Use: | Residential |
| Directions: | South on Shelby from Fountain Square, West on Palmer, North on Barth. Property is on the corner of Palmer & Barth |
| Acres: | <1/4 Acre |
| Affectedby Disclosures: | No |
| Building Utilities: | Sewer, Water |
| Laundry Features: | Connections All |
| Security Features: | Smoke Detector(s) |
| Conversion: | No |
| Lot Features: | Not Applicable |
| DPRYN: | No |
| Expenses: | 0 |
| Price Acre: | 3687500 |
| Price Unit: | 147500 |
| Road Access: | Not Applic |
| Solid Waste: | Yes |
| Trans Type: | Sale |
| Unit Parking: | On Street |
| Original List Price: | $295,000 |
| Owner Pays: | Taxes, Trash Collection |
| Parcel Number: | 491113150002000101 |
| Possession: | Closing |
| Postal Code Plus4: | 2741 |
| State Or Province: | IN |
| Tax Year: | 2025 |
| Tenant Pays: | Cable TV, Insurance, All Utilities, Water |
| Multi Beds: | 6 |
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All information provided is deemed reliable but is not guaranteed and should be independently verified. The properties displayed may not be all of the properties available through the IDX Program. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties for purchasing or leasing.
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MIBOR Broker Listing Cooperative® data last updated on October 17, 2026 04:28 AM - ET
Based on information submitted to the MLS GRID as of October 17, 2026 04:28 AM - ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. Some listings have been excluded from this website.
IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.
Property Last Updated: October 17, 2026 04:28 AM - ET
