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2223 Prospect Street Indianapolis, IN $ 299,000
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$ 299,000 Get more info
2223 Prospect Street
$ 299,000
Back to search
Share Save

2223 Prospect Street

Indianapolis, IN, 46203
$ 299,000
Bedrooms-- Baths0.0

Monthly Estimate*

$ 2,065

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Multi-Family Home for sale in Indianapolis, IN

for $299,000. This home was built in 1920 on a lot size of 0.12.

Attention investors and house hackers! 2223-2225 E Prospect St offers a rare opportunity to own a spacious, fully renovated side-by-side duplex in highly desirable Fountain Square, just minutes from Downtown Indianapolis. Both units were fully renovated in 2022 and each features 3 bedrooms, 1.5 baths, 1,362 sq ft, and a nearly identical two-story layout. The main level offers high ceilings, attractive laminate flooring, a large living room, formal dining room with half bath, and a spacious kitchen with updated cabinetry, stainless steel appliances, and laundry hookups. Upstairs are three carpeted bedrooms and a full bath, while partial unfinished basements provide additional storage. Both units have central heat and air. One side features a new 2025 furnace and 2022 AC, while the other has an approximately 10-year-old furnace and 2022 AC; both condensers are protected by metal security cages. One unit is leased through 10/31/27 at $1,250/month, currently below market rent, providing future income upside. The other is vacant, turnkey, and ready for an owner-occupant or new tenant. All utilities are separately metered and tenant-paid. With Fountain Square's long track record of redevelopment, walkability, and proximity to Downtown, restaurants, entertainment, hospitals, universities, and major employers, this is an excellent opportunity for long-, mid-, or short-term rental strategies.

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Multi-Family Active

Price

$ 299,000

Property Type

Multi-Family

Taxes

$ 5,338

Style

Duplex

Lot Size

0.12

Year Built

1920

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

22127423
Features
General
Heating Forced Air
Cooling Central Air
Possession Closing Subject To Tenant Rights
Construction Materials Vinyl With Brick
Year Built 1920
Tenant Pays All Utilities
Township Center
Levels Two
Property Subtype Duplex
Tax Year 2025
Current Use Apt<20
County Marion
Net Operating Income 0
New Construction N
Property Type Residential Income
Subdivision Name Dennys Prospect Street
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 5112
Current Financing Conventional FHA
Additional Parcels Y/N N
Virtual Tour https://indy-realty-pics.aryeo.com/sites/rqlgzoxx/unbranded https://indy-realty-pics.aryeo.com/sites/2223-prospect-st-indianapolis-in-46203-29121869/branded
Structure Type Duplex
Standard Status Active
Tax Lot 137
Legal Description William C Dennys Prospect Street Add L137
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Interior
Basement Partial Unfinished
Basement (Y/N) Y
Laundry Features Connections All Main Level
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Exterior
Lot Features Access
Lot Size Acres 0.12
Waterfront Y/N N
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* Excluded Features
List By
Keller Williams Indpls Metro N

Broker

peter@peterstewartrealty.com

Email

Affordability Calculator

$2,510
Per Month
82%
18%
0%
Monthly Principal & Interest
$2,065
Monthly Property Taxes
$445
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
Date Price Price Change Description
9/24/2026 $299,000 Listed Price

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2223 Prospect Street, Indianapolis, IN, 46203 is a Multi-Family Home for sale at $299,000 with a lot size of 0.12. 2223 Prospect Street has 0.0 baths and was built in 1920. The property's zip code is 46203 which is in Indianapolis, IN

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