1863/1865/1867 Orleans Street Indianapolis, IN $ 235,000
1863/1865/1867 Orleans Street
$ 235,000
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1863/1865/1867 Orleans Street

Indianapolis, IN, 46203
$ 235,000
Bedrooms-- Baths0.0

Monthly Estimate*

$ 1,623

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Multi-Family Home for sale in Indianapolis, IN

for $235,000. This home was built in 1910 on a lot size of 0.17.

Take a look at this crazy good opportunity on the near SE side of downtown Indy, in the hot hot hot Bates Hendricks Neighborhood, where renovation is everywhere & equity is growing by the day. Sold individually or as a package, two free-standing homes sit right next to each other and come with an undeveloped third lot, making this a pretty unique investment package. How could you make this corner compound the shing star of your portfolio? Would you live in one and rent the other? Rent them both long-term? Maybe build a third to make the site even more lucrative? OR would you furnish them cute & turn this corner into your own Airbnb compound? They are PERFECT short-term rentals for all the guests who come to Indy to enjoy sports, entertainment and work contracts. Both homes have been recently renovated and are absolutely turn key right now. There are plenty of ways to make this package a cash cow that you can grow by adding a third residence OR by upping your rental rates w/ unique amenities within your compound that the third lot can accommodate (think: personal playground, volleyball pit, hottub, grilling station, etc - ALL the things that guests will pay top-dollar for during their long weekend stays or employment contracts. The possibilities are endless with TWO renovated homes, an additional lot, and a great location, and NO HOA to tell you what you can do with all this. Come take a look for yourself!

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Multi-Family Active

Price

$ 235,000

Property Type

Multi-Family

Taxes

$ 0

Style

Bungalow,Traditional

Lot Size

0.17

Year Built

1910

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

22127248

Features
General
Possession Closing
Roof Asphalt
Zoning residential
Garage Spaces 1
Architectural Style Bungalow Traditional
Construction Materials Vinyl Siding
Year Built 1910
Tenant Pays NotApplic
Township Center
Levels One
Property Subtype Duplex
Tax Year 2025
Current Use Residential
County Marion
Net Operating Income 0
Operating Expense 0
Insurance Expense 0
New Construction N
Property Type Residential Income
Subdivision Name Beatys
Facing Direction West
Possible Use Residential
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 7317
Current Financing SeeRemarks
Property Condition Updated/Remodeled
Additional Parcels Y/N N
Structure Type Duplex FreeStand
Standard Status Active
Tax Lot multiple
Legal Description 1863: Beatys Add 17.52Ft N of 2.5Ft S Side L5 B19 1865: Lemckes Sub Beatys Add 15Ft N Side L28 19 & 2Ft6in S Side L5 Blk 19 1867: Lemckes Sub Beatys Add 17.5 Ft S Side L28 Bl 18
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Exterior
Exterior Amenities Barn Mini
Fencing Chain Link Full Privacy Front Yard Gate
Parking Features Alley Access Detached
Lot Features City Lot Corner Lot Curbs Sidewalks Storm Sewer Street Lights
Foundation Details Crawl Space
Lot Size Acres 0.17
Road Surface Type Asphalt
Waterfront Y/N N
Road Frontage Type City Street
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Interior
Basement (Y/N) N
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* Excluded Features
List By
Carpenter, Realtors®

Broker

jblandford@callcarpenter.com

Email

Affordability Calculator

$1,623
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Monthly Principal & Interest
$1,623
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Nearby
4044905 Elementary School
4044909 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/15/2026$235,000 -6.00% Price Down
9/24/2026$250,000 Listed Price

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1863/1865/1867 Orleans Street, Indianapolis, IN, 46203 is a Multi-Family Home for sale at $235,000 with a lot size of 0.17. 1863/1865/1867 Orleans Street has 0.0 baths and was built in 1910. The property's zip code is 46203 which is in Indianapolis, IN