Fully rented and cash-flowing, this 1 bed, 1 bath duplex presents an excellent opportunity for both investors and owner-occupants. Currently generating $1,525/month in gross rental income, there's clear upside potential-market rents are projected at $1,000-$1200/month per unit. With boths units on a month-to-month lease, there's flexibility to raise rents or renovate. Each unit is separately metered for utilities, simplifying management and improving efficiency. Recent upgrades include brand-new soffit replacement, and there's plenty of room to add value through cosmetic improvements. Whether you're looking to grow your portfolio or live in one unit while renting out the other, this property is packed with potential.
Active
Price cut: $10K (7/17)
$155,000
1849 E Minnesota St, Indianapolis, IN 46203
2beds
2baths
--sqft
Est.:
Multi Family, Duplex
Built in 1926
-- sqft lot
$147,900 Zestimate®
$--/sqft
$-- HOA
What's special
- 78 days
- on Zillow |
- 348 |
- 24 |
Zillow last checked: 7 hours ago
Listing updated: July 17, 2025 at 04:37am
Listing Provided by:
Tyler Lingle 317-443-5258,
@properties,
Kyle Hoffman,
@properties
Source: MIBOR as distributed by MLS GRID,MLS#: 22044561

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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Main level bathrooms: 2
Cooling
- Central Air, Window Unit(s)
Appliances
- Laundry: Connections All
Features
- Has basement: Yes
Property
Parking
- Details: Unit Parking(On Street, Parking Lot)
Features
- Levels: One
- Stories: 1
- Fencing: Fenced,Full
Lot
- Size: 3,484.8 Square Feet
- Features: Access, Sidewalks, Storm Sewer, Street Lights
Details
- Parcel number: 491018157105000101
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Ranch
- Property subtype: Multi Family, Duplex
Materials
- Cement Siding
- Foundation: Block
Condition
- New construction: No
- Year built: 1926
Community & HOA
Community
- Security: Smoke Alarm
- Subdivision: Factory Place
Location
- Region: Indianapolis
Financial & listing details
- Tax assessed value: $71,000
- Annual tax amount: $1,684
- Date on market: 6/13/2025
- Cumulative days on market: 80 days
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