58 E Southern Avenue Indianapolis, IN $ 200,000
58 E Southern Avenue
$ 200,000
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58 E Southern Avenue

Indianapolis, IN, 46225
$ 200,000
Bedrooms-- Baths0.0

Monthly Estimate*

$ 1,381

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Multi-Family Home for sale in Indianapolis, IN

for $200,000. This home was built in 1923 on a lot size of 0.22.

Looking for your next opportunity? Don't miss your chance to add a turnkey duplex to your portfolio or become an owner-occupant and start investing while living in the second unit. Two-unit property featuring similar floor plans with 1 bed, 1 bath, private living space, outdoor porch area, and a basement on each side. Close proximity to downtown, restaurants, shopping and Garfield Park. This charming, two parcel, corner property (one side on 58 E Southern and the other on 2560 S Pennsylvania) has separate utilities, updated vinyl plank flooring (58 Southern), new bathroom tub and sink, updated lighting/ceiling fans and roof approximately 5 years old. Property includes two off street concrete parking spots. The unit on Pennsylvania is currently rented for $1,000 a month with a lease through July 31, 2028. The unit on Southern is currently open to rent between $900 - $1000 a month or the owner could choose to move in. Tenants pay utilities and owners expenses are taxes at $1718 semi-annually and insurance. Room sizes should be confirmed by buyer. Please note, out of respect for privacy of current tenants, photos and showing availability are for 58 E Southern only.

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Multi-Family Active

Price

$ 200,000

Property Type

Multi-Family

Taxes

$ 3,436

Style

Duplex

Lot Size

0.22

Year Built

1923

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

22129608

Features
General
Heating Forced Air
Possession Closing Negotiable Subject To Tenant Rights
Roof Asphalt
Garage Spaces 0
Construction Materials Aluminum Siding Wood Siding
Year Built 1923
Tenant Pays All Utilities Insurance
Township Center
Levels One
Property Subtype Duplex
Tax Year 2025
Current Use Residential
Additional Parcels Description 1048137
County Marion
New Construction N
Property Type Residential Income
Subdivision Name Shrewburys Worthus Add
Status Active
Directions Located East of S Meridian Street and West of US 31/Madison Ave. North of Troy Ave and South of East Pleasant Run Parkway
City Indianapolis
High School District Indianapolis Public Schools
Number Of Units Total 2
MLS Area 4910 - Marion - Center
Lot Size Square Feet 9670
Property Attached Y/N N
Additional Parcels Y/N Y
Structure Type Duplex
Standard Status Active
Tax Lot 1048138
Legal Description Shrewsubrys Add L23 & L24
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Exterior
Exterior Amenities Other
Parking Features Detached
Lot Features Access Corner Lot
Foundation Details Block
Lot Size Acres 0.22
Road Frontage Type City Street
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Interior
Basement (Y/N) Y
Laundry Features In Basement
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* Excluded Features
List By
Century 21 Scheetz

Broker

jsteele@c21scheetz.com

Email

Affordability Calculator

$1,668
Per Month
83%
17%
0%
Monthly Principal & Interest
$1,381
Monthly Property Taxes
$286
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
Pricing History
DatePricePrice ChangeDescription
10/29/2026$200,000 Listed Price

Map


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58 E Southern Avenue, Indianapolis, IN, 46225 is a Multi-Family Home for sale at $200,000 with a lot size of 0.22. 58 E Southern Avenue has 0.0 baths and was built in 1923. The property's zip code is 46225 which is in Indianapolis, IN