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5023 S Walcott Street Indianapolis, IN ^$ 199,000

5023 S Walcott Street

^$ 199,000

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5023 S Walcott Street

Indianapolis, IN, 46227

^$ 199,000

Bedrooms-- Baths0.0

Monthly Estimate*

^$ 1,374

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Multi-Family Home for sale in Indianapolis, IN

for $199,000. This home was built in 1969 on a lot size of 0.67.

Attention investors! 5023 S Walcott St is a well-maintained, all-brick side-by-side duplex in the quiet Edgewood neighborhood on Indianapolis' south side, within the highly rated Perry Township school system. Both mirror-image units offer 2 bedrooms, 1 bath, and 879 sq ft, with spacious living rooms, eat-in kitchens, laundry rooms, central heat and AC, covered front porches, long concrete driveways, and private backyard storage sheds. Both units are tenant occupied at $1,050/mo each, generating $2,100/mo in gross rent and exceeding the coveted 1% rule! Leases run through 2027 (3/31 & 5/14), utilities are separately metered and tenant-paid, and tenants are also responsible for lawn care, helping keep landlord expenses low. The property sits on a deep, flat .67-acre lot with a peaceful backyard, mature trees, nature views, and a communal fire pit. City water, septic, and no HOA. Roof is estimated at approximately 12 years old and HVAC systems at 14 years old, with everything currently operating properly and well maintained. Conveniently located within 10 minutes of Roncalli High School, UIndy, and shopping/dining along US 31 and Madison Ave, and about 15 minutes from Downtown Indy. No seller/creative financing, no wholesalers. Straight sale only.

Multi-Family Pending

Price

^$ 199,000

Property Type

Multi-Family

Taxes

^$ 4,356

Style

Ranch

Lot Size

0.67

Year Built

1969

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

22128100

Features

General

Heating Forced Air

Cooling Central Air

Possession Subject To Tenant Rights

Roof Asphalt

Garage Spaces 0

Architectural Style Ranch

Construction Materials Brick

Year Built 1969

Tenant Pays All Utilities

Township Perry

Levels One

Property Subtype Duplex

Tax Year 2025

Current Use Apt<20 Residential

County Marion

New Construction N

Property Type Residential Income

Subdivision Name No Subdivision

Possible Use Apt<20 Residential

Status Pending

Directions GPS Friendly

City Indianapolis

High School District Perry Township Schools

Number Of Units Total 2

MLS Area 4907 - Marion - Perry

Lot Size Square Feet 28967

Carport Spaces 0

Current Financing Conventional

Additional Parcels Y/N N

Virtual Tour https://indy-realty-pics.aryeo.com/sites/rjpkonqd/unbranded https://indy-realty-pics.aryeo.com/sites/5023-s-walcott-st-indianapolis-in-46227-29213842/branded

Structure Type Duplex

Standard Status Pending

Tax Lot 0

Legal Description Pt W1/2 Ne1/4 S6 T14 R4 Beg 645Ft W & 951.92Ft Nse Cor N 90Ft E 322.5Ft S 90Ft W 322.5Ft To Beg0.67Ac Peter Stuck Ptn Pt Tr4

Exterior

Exterior Amenities Storage Shed

Parking Features Concrete

Lot Features Mature Trees

Foundation Details Slab

Lot Size Acres 0.67

Road Surface Type Asphalt

Waterfront Y/N N

Road Frontage Type City Street

Interior

Basement (Y/N) N

Laundry Features Connections All Main Level

* Excluded Features

List By

Keller Williams Indpls Metro N

Broker

peter@peterstewartrealty.com

Affordability Calculator

$1,737

Per Month

Monthly Principal & Interest: $1,374
Monthly Property Taxes: $363
Monthly Home Insurance: --

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Yearly 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

Trends
Schools

Multi-family listings in Indianapolis, IN

Average List Price ^$351,341

Percent of Sale Price 77%

About Indianapolis, IN

843,184 Population

8% Since 2002

^$43,160 Median Income

35.24 Median Age

29% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4044910 Elementary School

4044906 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/6/2026	$199,000		Listed Price

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5023 S Walcott Street, Indianapolis, IN, 46227 is a Multi-Family Home for sale at $199,000 with a lot size of 0.67. 5023 S Walcott Street has 0.0 baths and was built in 1969. The property's zip code is 46227 which is in Indianapolis, IN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

Property information provided courtesy of the Internet Exchange Program of the Metropolitan Indianapolis Board of REALTORS® Broker Listing Cooperative® listing service.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 10/15/2026.

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5023 S Walcott Street

Multi-Family Home for sale in Indianapolis, IN

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