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1221 Lee Street Indianapolis, IN $ 170,000
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$ 170,000 Get more info
1221 Lee Street
$ 170,000
Back to search
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1221 Lee Street

Indianapolis, IN, 46221
$ 170,000
Bedrooms-- Baths0.0

Monthly Estimate*

$ 1,174

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Multi-Family Home for sale in Indianapolis, IN

for $170,000. This home was built in 1938 on a lot size of 0.26.

This 2-bedroom, 2-bath duplex offers an excellent opportunity for an investor looking to add to their portfolio. The property also includes an additional vacant lot, creating exciting potential for future development. The additional lot could be an ideal location for a second duplex, subject to zoning, setbacks, utilities, permits, and buyer due diligence. Whether you're looking for an income-producing property, a value-add investment, or an opportunity to expand your rental portfolio, this property offers plenty of possibilities. Live in one unit, rent the other, or maximize the potential of both parcels. Opportunities like this don't come along often an existing duplex plus additional land for potential future development!

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Multi-Family Active

Price

$ 170,000

Property Type

Multi-Family

Taxes

$ 2,790

Style

Lot Size

0.26

Year Built

1938

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

22125729
Features
General
Possession Closing
Garage Spaces 2
Year Built 1938
Township Center
Property Subtype Duplex
Tax Year 2025
Current Use Residential
County Marion
New Construction N
Property Type Residential Income
Subdivision Name L C Coburns Sub J F
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 11326
Standard Status Active
Tax Lot 49-11-15-136-004.000-101
Legal Description L C Coburns Sub J F Coburns 3rd W Indpls Add L45 & L46
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Exterior
Parking Features Detached
Lot Size Acres 0.26
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Interior
Basement (Y/N) Y
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* Excluded Features
List By
The Modglin Group

Broker

cng1986@gmail.com

Email

Affordability Calculator

$1,407
Per Month
83%
17%
0%
Monthly Principal & Interest
$1,174
Monthly Property Taxes
$233
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
See complete school information
Pricing History
DatePricePrice ChangeDescription
9/12/2026$170,000 Listed Price

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1221 Lee Street, Indianapolis, IN, 46221 is a Multi-Family Home for sale at $170,000 with a lot size of 0.26. 1221 Lee Street has 0.0 baths and was built in 1938. The property's zip code is 46221 which is in Indianapolis, IN

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