INVESTOR ALERT!! MASSIVE PRICE REDUCTION!! Turnkey, fully furnished, and already cash-flowing-welcome to 319 S Randolph St, an exceptional short-term rental opportunity just east of downtown Indianapolis. This stylishly renovated 2-bed, 1.5-bath ranch boasts 952 sq ft of living space plus a detached 2-car garage, and is nestled in a rapidly revitalizing neighborhood just minutes from Fountain Square, Mass Ave, Lucas Oil Stadium, and the $600M Community Justice Center. Professionally decorated and packed with charm, the home features original hardwood floors, exposed brick accents, an open-concept layout, and a fully fenced backyard. Currently operating as a short-term rental, this property generated over $41K in gross revenue in the last 18 months across Airbnb and VRBO, with average monthly revenue exceeding $2,300 and low operating costs around $720/month. It sleeps 5 comfortably and includes all furnishings, decor, and essentials, making it truly turnkey for investors-or perfect for an owner-occupant seeking an income-producing setup from day one. Whether you're looking to expand your STR portfolio or dive into the Indy market with a move-in-ready home, this one checks all the boxes. Offered at just $199,000 including everything-this is a rare find in one of Indy's fastest-growing neighborhoods. Don't miss your chance to own a proven performer in the heart of it all!
Active
Price cut: $40K (8/18)
$199,000
319 S Randolph St, Indianapolis, IN 46201
2beds
1,904sqft
Est.:
Residential, Single Family Residence
Built in 1930
4,356 Square Feet Lot
$191,700 Zestimate®
$105/sqft
$-- HOA
What's special
Exposed brick accentsOpen-concept layoutFully fenced backyardOriginal hardwood floors
- 118 days
- on Zillow |
- 534 |
- 57 |
Likely to sell faster than
Zillow last checked: 7 hours ago
Listing updated: August 19, 2025 at 08:08am
Listing Provided by:
Peter Stewart 317-450-9202,
Keller Williams Indpls Metro N
Source: MIBOR as distributed by MLS GRID,MLS#: 22035811

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 2
Primary bedroom
- Level: Main
- Area: 144 Square Feet
- Dimensions: 12x12
Bedroom 2
- Level: Main
- Area: 100 Square Feet
- Dimensions: 10x10
Family room
- Level: Basement
- Area: 180 Square Feet
- Dimensions: 12x15
Kitchen
- Level: Main
- Area: 208 Square Feet
- Dimensions: 13x16
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Gas Cooktop, Dishwasher, Dryer, Disposal, Microwave, Gas Oven, Refrigerator, Washer, Water Heater
- Laundry: Laundry Closet
Features
- Double Vanity, Hardwood Floors
- Flooring: Hardwood
- Has basement: Yes
Interior area
- Total structure area: 1,904
- Total interior livable area: 1,904 sqft
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Detached
- Garage spaces: 2
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered
- Fencing: Fenced,Full,Privacy
Lot
- Size: 4,356 Square Feet
Details
- Parcel number: 491007205220000101
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Residential, Single Family Residence
Materials
- Vinyl Siding
- Foundation: Block
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1930
Utilities & green energy
- Water: Public
Community & HOA
Community
- Subdivision: State Square
HOA
- Has HOA: No
Location
- Region: Indianapolis
Financial & listing details
- Price per square foot: $105/sqft
- Tax assessed value: $198,300
- Annual tax amount: $4,038
- Date on market: 5/1/2025
- Cumulative days on market: 120 days
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