1629/1631 Carrollton Avenue Indianapolis, IN $ 575,000
1629/1631 Carrollton Avenue
$ 575,000
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1629/1631 Carrollton Avenue

Indianapolis, IN, 46202
$ 575,000
Bedrooms-- Baths0.0

Monthly Estimate*

$ 3,971

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Multi-Family Home for sale in Indianapolis, IN

for $575,000. This home was built in 1900 on a lot size of 0.09.

A rare opportunity to own a fully furnished, income-generating duplex in the heart of Indianapolis' premier Kennedy-King neighborhood. This professionally managed property features two spacious units, each currently operating as highly profitable short-term rentals with outstanding occupancy rates. Each unit offers three bedrooms and two and a half bathrooms, fully appointed kitchens, and comfortable living spaces. Separate laundry rooms in each unit provide additional convenience, making extended stays a breeze. Enjoy Indiana's four seasons on the welcoming front porch, ideal for relaxing or greeting neighbors in this walkable community. Parking is included, a valuable amenity in this sought-after location just minutes from downtown, the Monon Trail, and popular dining and cultural attractions. Property value continues to appreciate with new construction, amenities and attractions being added each month. Whether you're looking to expand your short-term rental portfolio or reside in one unit while generating income from the other, this turnkey property provides a fully operational, revenue-ready investment in one of Indy's most desirable neighborhoods.

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Multi-Family Active

Price

$ 575,000

Property Type

Multi-Family

Taxes

$ 8,474

Style

Traditional

Lot Size

0.09

Year Built

1900

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

22053729

Features
General
Heating Forced Air
Cooling Central Air
Possession Closing Negotiable Subject To Tenant Rights
Roof Asphalt
Architectural Style Traditional
Construction Materials Vinyl Siding
Year Built 1900
Township Center
Levels Three Or More
Property Subtype Duplex
Tax Year 2024
Current Use See Remarks
County Marion
New Construction N
Property Type Residential Income
Subdivision Name Fiscus Sub Johnson
Status Active
Directions From College Avenue turn east on 17th Street south on Carrollton Avenue. Follow to home on east side of the street...note that street parking is widely available on the east side of the road.
City Indianapolis
High School District Indianapolis Public Schools
Number Of Units Total 2
MLS Area 4910 - Marion - Center
Lot Size Square Feet 4050
Additional Parcels Y/N N
Structure Type Duplex
Standard Status Active
Tax Lot 23
Legal Description FISCUS SUB JOHNSONS HRS ADD S SIDE L23 P.O.B. SW COR N23.36' E134.9' S23.26' W134.65' TO BEG & 1/2 VAC ALLEYS & ADJ and FISCUS SUB JOHNSONS HRS ADD 16.71FT WL x 16.77FT EL N SIDE L23
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Interior
Basement Cellar Unfinished
Basement (Y/N) Y
Laundry Features Laundry Room
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Exterior
Exterior Amenities Smart Lock(s)
Parking Features Alley Access Guest
Lot Features Curbs Sidewalks Storm Sewer
Foundation Details Block
Lot Size Acres 0.09
Road Surface Type Asphalt
Waterfront Y/N N
Road Frontage Type City Street
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* Excluded Features
List By
Compass Indiana, Llc

Broker

allison.steck@compass.com

Email

Affordability Calculator

$4,678
Per Month
85%
15%
0%
Monthly Principal & Interest
$3,971
Monthly Property Taxes
$706
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
Pricing History
DatePricePrice ChangeDescription
7/3/2026$575,000 -1.71% Price Down
4/7/2026$585,000 -2.50% Price Down
8/3/2025$600,000 Listed Price

Map


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1629/1631 Carrollton Avenue, Indianapolis, IN, 46202 is a Multi-Family Home for sale at $575,000 with a lot size of 0.09. 1629/1631 Carrollton Avenue has 0.0 baths and was built in 1900. The property's zip code is 46202 which is in Indianapolis, IN