Attention Investors! Discover a prime investment opportunity with this beautifully renovated duplex near downtown Indianapolis. Each unit features 1 bedroom and 1 bathroom, providing excellent potential for strong rental income. Both units are currently leased, with tenants paying $1,300 per month each, generating a total gross income of $2,600 per month. This duplex has been fully updated with durable LVP flooring, stylish butcher block countertops, modern bathroom finishes, and more. The charming front porch adds to the property's curb appeal, while its close proximity to downtown attractions makes it highly desirable for tenants seeking vibrant city living. Owner-paid utilities range from $125-$165 per side, keeping overhead manageable. Whether you're looking to add a turnkey, high-cash-flow property to your portfolio or secure a long-term income-generating asset, this duplex is a fantastic opportunity you won't want to miss!
Sold
$201,000
422-424 Villa Ave, Indianapolis, IN 46201
1beds
1baths
--sqft
Multi Family, Duplex
Built in 1920
-- sqft lot
$203,100 Zestimate®
$--/sqft
$-- Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: February 20, 2025 at 03:41pm
Listing Provided by:
Max Moore max@atpropertiesind.com,
@properties,
Kyle Hoffman,
@properties
Bought with:
Trent Kiester
@properties
Source: MIBOR as distributed by MLS GRID,MLS#: 22015383

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
Heating
- None
Cooling
- None
Appliances
- Laundry: Connections Some
Features
- Has basement: No
Property
Features
- Levels: One
- Stories: 1
Lot
- Size: 4,356 sqft
Details
- Parcel number: 491007205109000101
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Bungalow
- Property subtype: Multi Family, Duplex
Materials
- Vinyl Siding
- Roof: Composition
Condition
- New construction: No
- Year built: 1920
Community & neighborhood
Location
- Region: Indianapolis
- Subdivision: State Square
Other
Other facts
- Road surface type: Asphalt
Services availability
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Estimated market value
$203,100
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$203,100