1201 Wade Street Indianapolis, IN $ 219,000
1201 Wade Street
$ 219,000
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1201 Wade Street

Indianapolis, IN, 46203
$ 219,000
Bedrooms-- Baths0.0

Monthly Estimate*

$ 1,513

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Multi-Family Home for sale in Indianapolis, IN

for $219,000. This home was built in 1929 on a lot size of 0.14.

Excellent investment opportunity just minutes from Garfield Park! This unique property features two completely separate homes on one parcel, each with its own utilities, central A/C, private living space, and fenced yard access. The front home currently rents for $1,255/month and the rear home rents for $1,045/month, providing immediate rental income. Conveniently located near Garfield Park, shopping, restaurants, and public transportation, with easy access to downtown Indianapolis. Please note: The interior photos were taken prior to the current tenants moving in. We chose not to publish photos containing the tenants' personal belongings to respect their privacy. Additional interior photos are available upon request. Property is tenant occupied. Showings will be scheduled after an accepted offer to minimize disruption to the residents. Buyer inspections and walkthroughs will be completed during the due diligence period. Whether you're looking to add to your portfolio or own a property with two standalone rental homes, this is a rare opportunity in an area seeing continued investment and growth.

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Multi-Family Active

Price

$ 219,000

Property Type

Multi-Family

Taxes

$ 4,788

Style

Duplex,FreeStand

Lot Size

0.14

Year Built

1929

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

22114118

Features
General
Cooling Central Air
Possession Subject To Tenant Rights
Zoning Residential
Garage Spaces 2
Year Built 1929
Tenant Pays All Utilities Insurance
Township Center
Levels One
Property Subtype Duplex
Tax Year 2025
Current Use Residential
County Marion
New Construction N
Property Type Residential Income
Subdivision Name Julian Etal Spring Gardens South
Facing Direction North
Status Active
City Indianapolis
High School District Indianapolis Public Schools
Number Of Units Total 2
MLS Area 4910 - Marion - Center
Lot Size Square Feet 6142
Property Attached Y/N N
Current Financing Exchange - 1031 Conventional
Structure Type Duplex FreeStand
Standard Status Active
Tax Lot 9
Legal Description Julian Etal Spring Garden Add L9
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Interior
Basement Unfinished
Basement (Y/N) Y
Laundry Features Connections All
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Exterior
Parking Features Detached
Lot Size Acres 0.14
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* Excluded Features
List By
Hanza Realty, Llc

Broker

tasheana@hanzarealty.com

Email

Affordability Calculator

$1,912
Per Month
79%
21%
0%
Monthly Principal & Interest
$1,513
Monthly Property Taxes
$399
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
10/8/2026$219,000 -2.67% Price Down
8/28/2026$225,000 -1.75% Price Down
8/20/2026$229,000 -4.18% Price Down
7/14/2026$239,000 Listed Price

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1201 Wade Street, Indianapolis, IN, 46203 is a Multi-Family Home for sale at $219,000 with a lot size of 0.14. 1201 Wade Street has 0.0 baths and was built in 1929. The property's zip code is 46203 which is in Indianapolis, IN