FULLY OCCUPIED DUPLEX | LONG-TERM LEASES | $28,560 CURRENT ANNUAL RENTAL INCOME! Excellent opportunity to add a well-maintained, income-producing duplex in Addie Nichols N Park Addition near Historic Meridian Park to your investment portfolio. Each unit offers approximately 1,322 square feet with 3 bedrooms and 1.5 bathrooms, providing spacious and functional living areas that appeal to long-term tenants. Both units feature welcoming covered front porches, spacious living rooms with LVP flooring, neutral paint tones, generous closet storage, and abundant natural light. The main level includes a convenient half bath and an eat-in kitchen with ample cabinetry and counter space. Upstairs, each unit offers three generously sized bedrooms and a full bathroom with a tub/shower combination. Additional features include basement storage and laundry, private rear decks, off-street parking, and convenient alley access. INVESTMENT HIGHLIGHTS: Unit 2925 is leased through 6/12/2028 at $1,225/month, with the tenant in place since 6/2026. Unit 2927 is leased through 4/11/2027 at $1,155/month, with the tenant in place since 4/2025. Combined current rental income is $2,380/month, or $28,560 annually. Both units are currently occupied, providing an investor with immediate income and established tenancy without the typical turnover and lease-up period. Whether you're expanding an existing portfolio or looking for a solid entry into residential investment property, this duplex offers the combination of strong current occupancy, long-term leases, desirable 3-bedroom floor plans, and established rental income that investors look for. Turnkey and income-producing-ready for its next owner!
Listing Courtesy of: T&H Realty Services, Inc.
317-777-0750
Agent licensed in IN
| Listing Id: | 22130042 |
|---|---|
| List Price: | $280,000 |
| Property Type: | Residential Income |
| Property Sub Type: | Duplex |
| Status: | Active |
| Bathrooms Full: | 0 |
| Bathrooms Half: | 0 |
| Semi Annual Property Tax Amt: | $3,144 |
| Lot Size Acres: | 0.11 |
| Architectural Style: | Traditional |
| Waterfront?: | No |
| City: | Indianapolis |
| County Or Parish: | Marion |
| Subdivision Name: | Addie Nichols N Park Add |
| Postal Code: | 46205 |
| Year Built: | 1910 |
| Number Of Units Total: | 2 |
| Basement: | No |
| Building Area Source: | Assessor |
| High School District: | Indianapolis Public Schools |
| Construction Materials: | Vinyl With Brick |
| MLS Area Major: | Center |
| Current Use: | Residential |
| Directions: | GPS Friendly |
| Levels: | Two |
| Acres: | <1/4 Acre |
| Affectedby Disclosures: | No |
| Laundry Features: | Connections All |
| Security Features: | Smoke Detector(s) |
| Conversion: | No |
| Lot Features: | Curbs, Sidewalks |
| DPRYN: | Yes |
| Expenses: | 0 |
| Parking Features: | Alley Access |
| Price Acre: | 2545455 |
| Price Unit: | 140000 |
| Road Access: | Not Applic |
| Solid Waste: | No |
| Tax Exemption: | None |
| Trans Type: | Sale |
| Unit Parking: | On Street |
| Original List Price: | $280,000 |
| Owner Pays: | Insurance, Taxes |
| Parcel Number: | 490625100029000101 |
| Possession: | Closing, Subject To Tenant Rights |
| Postal Code Plus4: | 4119 |
| Property Attached?: | Yes |
| Special Listing Conditions: | Sales Disclosure Supplements |
| State Or Province: | IN |
| Structure Type: | Duplex |
| Tax Year: | 2025 |
| Tenant Pays: | All Utilities, Insurance, Lawncare |
| Fence Yn: | No |
| Low Maintenance Lifestyle Yn: | No |
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MIBOR Broker Listing Cooperative® data last updated on October 09, 2026 01:51 AM - ET
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Property Last Updated: October 09, 2026 01:51 AM - ET
