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Luxury Keys
1731 S Drexel Avenue, Indianapolis, IN 46203
- $157,000
- 3
- BD
- 2
- BA
- 1,008
- SqFt
- Sold Price
- $157,000
- List Price
- $159,500
- Closing Date
- Jul 01, 2026
- MLS#
- 22101414
- Property Type
- Residential
- Bedrooms
- 3
- Bathrooms
- 2
- Sqft. of Residence
- 1,008
- Year Built
- 1965
- Days on Market
- 42
- Status
- SOLD
Property Description
1731 S Drexel Ave offers a move-in-ready opportunity for both owner-occupants and investors in a quiet residential neighborhood less than 5 miles southeast of downtown Indianapolis. This single-level ranch features 3 bedrooms, 1.5 baths, 1,008 sq ft, an attached 1-car garage, and a flat corner lot with a storage shed for added convenience. Recent updates include fresh interior paint, beautifully refinished hardwood floors in the living room, hallway, and bedrooms, professional deep cleaning including the windows, exterior trim painting, and more. The home offers a practical, efficient layout with a light-filled living room, dedicated dining area, galley-style kitchen with white cabinetry, new stainless steel gas stove, refrigerator, and dishwasher. The primary bedroom connects to the laundry area and half bath, creating a functional en-suite setup, while the full bath is easily accessible from the bedroom hallway. Central heat and air conditioning add everyday comfort. For owner-occupants, this is an affordable, move-in-ready home ideal for first-time buyers or those seeking easy single-level living. For investors, it is a turnkey rental with strong rent potential-Rentometer shows average area rent around $1,579, nearly achieving the coveted 1% rule-with additional upside through cosmetic kitchen/bath updates and exterior improvements such as fully enclosing the side and backyard. No HOA!
Additional Information
- Foundation
- Block
- Stories
- One
- Architecture
- Ranch
- Interior
- Attic Pull Down Stairs, Paddle Fan, Hardwood Floors
- Exterior Amenities
- Fire Pit, Storage Shed
- Acres
- 0.11
- Heat
- Forced Air, Natural Gas
- Cooling
- Central Air
- Financing
- Conventional, FHA, VA
- Appliances
- Disposal, Gas Water Heater, Gas Oven, Refrigerator
- Semi-Annual Taxes
- $1,173
- Garage
- Yes
- Region
- Center
- Eating Areas
- Dining Combo/Living Room
Listing courtesy of Peter Stewart. Keller Williams Indpls Metro N
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Listings courtesy of MIBOR Broker Listing Cooperative as distributed by MLS GRID. 
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker of MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.