45 S Belleview Place
Indianapolis, IN, 46222 $ 229,000
Bedrooms-- Baths0.0 Monthly Estimate*
$ 1,582
for $229,000. This home was built in 1924 on a lot size of 0.13.
Turnkey Investment Opportunity on Indy's Westside! Near Downtown Indianapolis! Don't miss this beautifully updated, income-producing duplex just minutes from downtown Indianapolis, the Indianapolis Zoo, IUPUI, White River State Park, major interstates, shopping, dining, and entertainment. Whether you're looking to expand your investment portfolio or owner-occupy while generating rental income, this well-maintained property offers immediate cash flow and outstanding long-term potential. Both units have been extensively remodeled and are currently configured and used as 2-bedroom, 1-bath units thanks to the finished basement space, offering additional living flexibility beyond the original layout. Each unit features updated interiors, washer and dryer hookups, private rear parking, and separate living spaces designed for comfortable everyday living.Major capital improvements have already been completed, including a roof and furnaces that have been replaced within the past four years, providing peace of mind for years to come.The property is fully occupied with reliable, long-term tenants. Unit 45 currently rents for $1,050/month, and Unit 47 rents for $1,100/month, producing $2,150 in monthly rental income ($25,800 annually). Both tenants are on month-to-month leases and have a strong history of consistent, on-time payments. Tenants pay all utilities except water, which is paid by the seller and averages approximately $115 per month for both units combined. Whether you're a seasoned investor or just getting started, this is an excellent opportunity to acquire a well-maintained duplex with immediate income, strong rental history, and a convenient location close to everything Indianapolis has to offer.
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FeaturesGeneralPossession Closing
Garage Spaces 0
Year Built 1924
Tenant Pays Cable TV Electricity Gas Insurance Sewer Trash Collection
Township Wayne
Property Subtype Duplex
Tax Year 2025
Current Use Residential
County Marion
New Construction N
Property Type Residential Income
Subdivision Name Carpenters Home Place
Status Active
Directions GPS Friendly
High School George Washington High School
City Indianapolis
High School District Indianapolis Public Schools
Number Of Units Total 2
MLS Area 4909 - Marion - Wayne
Lot Size Square Feet 5445
Elementary School William Penn School 49
Standard Status Active
Tax Lot 105
Legal Description Carpenters Home Place Add L105
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InteriorBasement Finished Partial
Basement (Y/N) Y
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ExteriorParking Features None
Lot Size Acres 0.13
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* Excluded FeaturesList Byheather@heatherludlow.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $1,582
- Monthly Property Taxes
- $290
- 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.
Learn more about how to save NearbyMulti-family listings in Indianapolis, IN
Average List Price $353,724
Percent of Sale Price 54%
About Indianapolis, IN 843,184 Population
8% Since 2002
$ 43,160 Median Income
35.24 Median Age
29% Households with Children
Trends Information provided by ATTOM Data Solutions.
4965091 Elementary School
4044909 Middle School
George Washington High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/29/2026 | $229,000 | -4.58% | Price Down |
| 7/18/2026 | $239,999 | | Listed Price |