1058 W 31st Street Indianapolis, IN $ 249,900
1058 W 31st Street
$ 249,900
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1058 W 31st Street

Indianapolis, IN, 46208
$ 249,900
Bedrooms-- Baths0.0

Monthly Estimate*

$ 1,726

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Multi-Family Home for sale in Indianapolis, IN

for $249,900. This home was built in 1921 on a lot size of 0.13.

Don't miss this exceptional income-producing duplex offering two spacious 3-bedroom, 1.5-bath units a perfect opportunity for investors and aspiring house hackers alike. Thoughtfully updated and move-in ready, this property features central air, new entry doors, washer and dryer, updated appliances, brand-new attic insulation, and a roof that's less than one year old. The 1056 unit has also been freshly painted throughout, giving it a clean, modern feel that's ready for its next occupant. Whether you're looking to expand your investment portfolio or take advantage of the house hacking strategy by living in one unit while renting the other, this property checks all the boxes. With average rents in the area ranging from $1,300 to $1,450 per 3-bedroom unit, the income potential is outstanding. Conveniently located just minutes from I-65, you'll enjoy quick access to downtown and an easy commute to major employers, shopping, dining, and entertainment. As an added incentive, the seller is open to offering reasonable concessions with a full-price offer, creating additional value and flexibility for qualified buyers. Opportunities like this don't stay on the market for long. Whether you're an investor seeking strong cash flow or a buyer looking to offset your mortgage by renting one side, this turnkey duplex is ready to help you build long-term wealth through real estate.

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Multi-Family Active

Price

$ 249,900

Property Type

Multi-Family

Taxes

$ 2,380

Style

Traditional

Lot Size

0.13

Year Built

1921

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

22105502

Features
General
Heating Forced Air
Cooling Central Air
Possession Closing Negotiable
Architectural Style Traditional
Security Features Smoke Detector(s)
Construction Materials Stone Vinyl Siding
Year Built 1921
Township Center
Levels Two
Property Subtype Duplex
Tax Year 2024
Current Use Residential
County Marion
New Construction N
Property Type Residential Income
Subdivision Name Armstrong
Status Active
Directions GPS Friendly
City Indianapolis
High School District Indianapolis Public Schools
Number Of Units Total 2
MLS Area 4910 - Marion - Center
Lot Size Square Feet 5706
Structure Type Duplex
Standard Status Active
Tax Lot 1032760
Legal Description Armstrongs Keystone Pk Add L33
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Interior
Basement Unfinished Finished
Basement (Y/N) Y
Laundry Features Main Level Laundry Room
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Exterior
Lot Features Access
Foundation Details Brick/Mortar
Lot Size Acres 0.13
Road Surface Type Asphalt
Waterfront Y/N N
Road Frontage Type City Street
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* Excluded Features
List By
Ib Realtors

Broker

l.hammed@ymail.com

Email

Affordability Calculator

$1,924
Per Month
90%
10%
0%
Monthly Principal & Interest
$1,726
Monthly Property Taxes
$198
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
9/15/2026$249,900 -7.41% Price Down
7/7/2026$269,900 -3.60% Price Down
6/9/2026$279,990 Listed Price

Map


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1058 W 31st Street, Indianapolis, IN, 46208 is a Multi-Family Home for sale at $249,900 with a lot size of 0.13. 1058 W 31st Street has 0.0 baths and was built in 1921. The property's zip code is 46208 which is in Indianapolis, IN