837 W Roache Street Indianapolis, IN $ 194,000
837 W Roache Street
$ 194,000
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837 W Roache Street

Indianapolis, IN, 46208
$ 194,000
Baths0.0

Monthly Estimate*

$ 1,355

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Studio

Multi-Family Home for sale in Indianapolis, IN

for $194,000. This home was built in 1910 on a lot size of 0.17.

Discover a unique investment opportunity in the heart of downtown Indianapolis. This income-flowing duplex, perfectly positioned near the Children's Museum, Riverside Park, and Newfields, offers a strategic blend of cultural richness and urban convenience. Featuring a 2-bedroom unit on one side and a 3-bedroom unit on the other, both currently tenant-occupied, this property provides immediate returns on your investment. Recent updates including a new roof, water heater, and furnace, allowing you to focus on maximizing your investment. With leases extending through February 2025 for unit 837 and October 2024 for unit 839, stability is already built-in. Property includes 2 lots, lot #9 and #10. Home sits on lot #10 and lot #9 is vacant and could be utilized for a future sale or potential residential development. For those looking to expand their portfolio, consider the potential to bundle this purchase with the adjacent listing at 1062/1064 W Roache Street, offering an even more significant opportunity for growth and revenue. This duplex is a gateway to a vibrant lifestyle and a thriving investment future in one of Indianapolis's most sought-after locations. Don't let this chance slip through your fingers. Schedule your showing now to take the first step towards securing your piece of Indianapolis's vibrant heart.

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Multi-Family Active

Price

$ 194,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 2,690

Style

TraditonalAmerican

Lot Size

0.17

Year Built

1910

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

21967118

Features
General
Heating Forced Air
Cooling Separate Meters
Possession Negotiable
Roof See Remarks
Architectural Style TraditonalAmerican
Security Features Smoke Alarm
Construction Materials Stone Vinyl Siding
Year Built 1910
Tenant Pays All Utilities Electricity Trash Collection
Township Center
Levels Two
Property SubType Duplex
Tax Year 2022
Current Use Residential
County Marion
New Construction N
Property Type Residential Income
Subdivision Name A L Roaches
Facing Direction North
Status Active
Directions 65N to 21st Street left on W 21st right on Dr Martin Luter King Left on Roache to home on the right.
City Indianapolis
Buyer Agent Compensation 2.75
High School District Indianapolis Public Schools
Total Units 2
MLS Area 4911 - Marion - Center Nw
Lot Size Square Feet 7500
Street Name Roache
Property Attached Y/N N
Current Financing Conventional Conventional
Middle/Junior High School Northwest Community Middle School
Additional Parcels Y/N N
Days on Market 23
Structure Type Duplex
Standard Status Active
Tax Lot 9 & 10
Buyer Agent Compensation Type %
Legal Description A L Roaches North Indianapolis Add L9 & L10 B29
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Exterior
Fencing Fence Complete Fence Full Rear Privacy Front Yard
Lot Features Access Curbs Sidewalks Street Lights Mature Trees
Foundation Details Block Crawl Space
Lot Size Acres 0.17
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Interior
Basement (Y/N) Y
Street Suffix Street
Laundry Features Connections All
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* Excluded Features
List By
Keller Williams Indy Metro S

Broker

sold@forneygroup.com

Email

Affordability Calculator

$1,579
Per Month
86%
14%
0%
Monthly Principal & Interest
$1,355
Monthly Property Taxes
$224
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4044905 Elementary School
4049836 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/5/2024$194,000 -2.51% Price Down
3/8/2024$199,000 Listed Price

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837 W Roache Street, Indianapolis, IN, 46208 is a Multi-Family Home for sale at $194,000 with a lot size of 0.17. 837 W Roache Street is a studio with 0.0 baths and was built in 1910. The property's zip code is 46208 which is in Indianapolis, IN