Prime turn-key investment opportunity in the heart of Fountain Square! Steps to Indy's most popular restaurants, bars, breweries, and entertainment. Located close to downtown, IU Health, Methodist Hospital, and more, providing the perfect rental opportunities. Purchase as an entire investment, renting both sides for profitability. Or, live in one side, and rent out the other, allowing a majority of the mortgage to be paid by others. Updated thoughtfully throughout, offering 2 bedrooms/2.5 bathrooms per side, with each bedroom being an ensuite with attached, private full bathroom. Additional ample living spaces throughout, with convenient laundry closet and hookups on the main floor, and an unfinished partial basement per side for plenty of storage. Truly the perfect balance of privacy, community, and versatility. Deep yard space with the potential for off-street parking, future garage, or future accessory dwelling unit allow for convenience and potential. Enjoy an HOA-free investment, offering the ability for short-term rentals, long-term rentals, or house-hacking. With Fountain Square fun practically in your backyard, the opportunities and potential are endless!
Sold
$430,000
1148 Olive St, Indianapolis, IN 46203
4beds
6baths
--sqft
Multi Family, Duplex
Built in 1931
-- sqft lot
$433,000 Zestimate®
$--/sqft
$1,693 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: May 03, 2025 at 03:55pm
Listing Provided by:
Kristina Musielak kristina@atpropertiesind.com,
@properties
Bought with:
Peter Stewart
Keller Williams Indpls Metro N
Source: MIBOR as distributed by MLS GRID,MLS#: 22018912

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 6
- Main level bathrooms: 4
Heating
- Forced Air
Appliances
- Laundry: Connections All, Main Level
Features
- Basement: Unfinished
Property
Parking
- Parking features: Alley Access
- Details: Unit Parking(On Street, Other)
Features
- Levels: Two
- Stories: 2
Lot
- Size: 5,662 sqft
- Features: Access, City Lot, Sidewalks
Details
- Parcel number: 491018185009000101
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Duplex
Materials
- Aluminum Siding, Wood
- Foundation: Brick/Mortar
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1931
Community & neighborhood
Location
- Region: Indianapolis
- Subdivision: No Subdivision
Services availability
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Estimated market value
$433,000