Cash-Flowing Duplex Near Downtown Indianapolis Don't miss this rare opportunity to own a well-maintained 5-bedroom duplex on the Near West Side just minutes from downtown! Whether you're an investor or an owner-occupant, live in one unit and rent the other for income and upside in a fast-growing market. Each unit offers over 1,000 square feet of living space: 1135 S Richland: A fully renovated 3 bed, 1 bath unit-top-to-bottom rehabbed and move-in ready. Listed this week at $1,175/month.1133 S Richland: A 2 bed, 1 bath unit remodeled within the past three years. Currently tenant-occupied at $975/month through 2026.Live in one, lease the other, or rent both for strong cash flow in an area with high rental demand. This property offers immediate income and long-term appreciation potential.
Active
$204,900
1133 S Richland St, Indianapolis, IN 46221
5beds
2baths
--sqft
Est.:
Multi Family, Duplex
Built in 1900
-- sqft lot
$200,200 Zestimate®
$--/sqft
$-- HOA
What's special
Move-in ready
- 24 days
- on Zillow |
- 686 |
- 69 |
Zillow last checked: 7 hours ago
Listing updated: July 24, 2025 at 05:51pm
Listing Provided by:
Mariah Hernandez 317-993-1011,
Triple E Realty, LLC
Source: MIBOR as distributed by MLS GRID,MLS#: 22051638

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
Appliances
- Laundry: Connections Some
Property
Parking
- Details: Unit Parking(On Street)
Features
- Levels: One and One Half
- Stories: 1
Lot
- Size: 6,098.4 Square Feet
- Features: Access, Curbs, Sidewalks
Details
- Parcel number: 491110111027000101
- Special conditions: As Is
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Multi Family, Duplex
Materials
- Vinyl Siding
Condition
- New construction: No
- Year built: 1900
Community & HOA
Community
- Security: Smoke Alarm
- Subdivision: Kuhn & Johnsons
Location
- Region: Indianapolis
Financial & listing details
- Tax assessed value: $142,100
- Annual tax amount: $3,372
- Date on market: 7/18/2025
- Tenant pays: Electricity, Gas
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