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321 E 31st Street Indianapolis, IN $ 350,000
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321 E 31st Street
$ 350,000
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321 E 31st Street

Indianapolis, IN, 46205
$ 350,000
Baths0.0

Monthly Estimate*

$ 2,445

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Studio

Multi-Family Home for sale in Indianapolis, IN

for $350,000. This home was built in 1912 on a lot size of 0.12.

Attention Investors! This meticulously renovated duplex would be a prime addition to your investment portfolio!! Fully updated in 2023, both units boast a townhome-style layout with identical floor plans. Each unit features 3 bedrooms, 1.5 bathrooms, spanning 1360 square feet, and includes a balcony off the master bedroom. Currently rented at $1600 per month per unit (leases ends 5/25), with tenants responsible for all utilities, this property offers immediate cash flow for it's next owner. Situated on a low-maintenance corner lot in the sought-after Mapleton Fall Creek neighborhood, it presents an attractive investment opportunity for both first time investors and seasoned pros. Conveniently located within a 10-minute drive of downtown and a short distance from popular north side destinations like Broad Ripple, this duplex offers the perfect blend of urban convenience and residential tranquility. Residents will also enjoy easy access to nearby attractions such as the Children's Museum, Newfields, Monon Trail, and the State Fairgrounds, providing ample leisure and recreation options. With its central location, savvy investors also have the potential to convert to a short or medium-term strategy to really maximize cash flow.

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Multi-Family Active

Price

$ 350,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 7,104

Style

TraditonalAmerican

Lot Size

0.12

Year Built

1912

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

21976458
Features
General
Heating Forced Air
Cooling Central Electric
Possession Subject To Tenants Rights
Roof Asphalt
Exterior Features Balcony
Architectural Style TraditonalAmerican
Construction Materials Brick Vinyl Siding
Year Built 1912
Tenant Pays All Utilities
Township Center
Levels Two
Property SubType Duplex
Tax Year 2022
Current Use Apt<20
County Marion
New Construction N
Property Type Residential Income
Subdivision Name Osgoods 3rd Central Ave Add
Status Active
Directions GPS Friendly
City Indianapolis
Buyer Agent Compensation 2.5
View Y/N N
High School District Indianapolis Public Schools
Total Units 2
MLS Area 4912 - Marion - Center Ne
Lot Size Square Feet 5227
Waterfront Y/N N
Street Name 31st
Property Attached Y/N N
Current Financing Conventional
Property Condition Updated/Remodeled
Additional Parcels Y/N N
Virtual Tour https://indy-realty-pics.aryeo.com/sites/dexrqje/unbranded https://indy-realty-pics.aryeo.com/sites/321-e-31st-st-indianapolis-in-46205-9101134/branded
Days on Market 4
Structure Type Duplex
Standard Status Active
Tax Lot 1B
Buyer Agent Compensation Type %
Legal Description Osgoods Third Central Ave Add L1 Replat L1B
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Interior
Basement Cellar
Basement (Y/N) Y
Street Suffix Street
Laundry Features Connections All
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Exterior
Lot Size Acres 0.12
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* Excluded Features
List By
Keller Williams Indpls Metro N

Broker

peter@peterstewartrealty.com

Email

Affordability Calculator

$3,037
Per Month
81%
19%
0%
Monthly Principal & Interest
$2,445
Monthly Property Taxes
$592
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
4044909 Middle School
Unknown High School High School
See complete school information
Pricing History
Date Price Price Change Description
4/29/2024 $350,000 Listed Price

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321 E 31st Street, Indianapolis, IN, 46205 is a Multi-Family Home for sale at $350,000 with a lot size of 0.12. 321 E 31st Street is a studio with 0.0 baths and was built in 1912. The property's zip code is 46205 which is in Indianapolis, IN

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