1217 S Ewing St, Indianapolis, IN 46203

Rare 2-Lot Investment Opportunity Near Fountain Square This 3-bed, 1-bath home is being sold with an adjacent parcel that includes a detached 2-car garage, offering rare flexibility and long-term upside. Zoned residential, the second lot presents multiple possibilities: build another home, sell the parcel separately, or work with the city to replat lot lines, an easier and more cost-effective option than removing the garage. Investors will appreciate the potential for Section 8 rentals, with current 3-bed rates up to $2,110/month, creating strong cash flow at that level. Recent updates include a 1-year-old roof and furnace, spacious living areas, and off-street parking. Located minutes from Fountain Square, downtown Indy, and major interstates, with quick access to public transit and just blocks from the new $600M Community Justice Campus. Whether you're looking to build, invest, or occupy, this is a rare opportunity with room to grow.