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  • Price cut: $40K (8/18)
    $199,000

    319 S Randolph St, Indianapolis, IN 46201

    2beds
    1,904sqft
    : 
    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
    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!
    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#: 22035811MLS Logo
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 319 S Randolph St.

    Next available tour time:Today at 11am

    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

    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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