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422 Orange Street, Indianapolis, IN 46225

$325,000
: 3
BD
: 3
BA
: 2,436
SqFt

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List Price: $325,000
MLS#: 22121165
Property Type: Residential
Bedrooms: 3
Bathrooms: 3
Sqft. of Residence: 2,436
Year Built: 1955
Days on Market: 33
Status: ACTIVE

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Property Description

House-hack, rent it, or make the whole house your own. With estimated upstairs rent of approximately $900/month, 422 Orange Street offers a flexible two-space layout that gives an owner-occupant the opportunity to offset housing costs-or an investor multiple ways to think about the property. The current owner lived on the main level while renting the upstairs, which has its own exterior entrance, kitchenette, living space, bedroom, and full bath. An interior staircase connects the two floors: leave it open and the home functions naturally as one spacious residence, or close and lock the staircase door to create private living spaces upstairs and down. That flexibility also opens up possibilities for furnished or short-term rental strategies, whether renting the entire home or configuring the spaces differently as needs and demand change. The house has already received some of the updates that matter most. Two of the three bathrooms were completely rebuilt down to the subfloor, while fresh interior paint, new carpet, and updated flooring make the home feel clean, bright, and ready to settle into. Both kitchens are functional but leave room for a future owner to add value and update them to their own taste rather than paying a premium for someone else's renovation choices. Outside, the fully fenced backyard provides private space for dogs, kids, gardening, or summer evenings, while the detached garage offers off-street parking and storage that's especially valuable in an urban neighborhood. All of this sits in the heart of Bates-Hendricks, close to Fountain Square, Fletcher Place, Garfield Park, downtown, and some of the best of near-southside Indianapolis. For a house hacker, the appeal is easy to see: live downstairs and potentially collect around $900/month upstairs. For an investor, the flexible layout creates multiple potential rental configurations. And for a traditional buyer, simply open the staircase and enjoy the whole house.

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Additional Information

Basement: Cellar, Unfinished
Foundation: Block, Crawl Space
Number of Fireplaces: 1
Fireplace Description: Other, Bedroom
Stories: Two, One and One Half
Architecture: Other
Interior: Attic Access, Walk-In Closet(s), Paddle Fan, Eat-in Kitchen, In-Law Floorplan
Acres: 0.10
Heat: Forced Air, Gas
Cooling: Central Air
Financing: Exchange - 1031, Conventional, FHA, VA
Appliances: Electric Cooktop, Dishwasher, Disposal, Gas Water Heater, Oven, Gas Oven, Refrigerator, Water Softener Owned
Semi-Annual Taxes: $738
Garage: Yes
Region: Center
Areas: Living Room Formal, Bedroom Other on Main
Eating Areas: Separate Room