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Luxury Keys
213 N Gray Street, Indianapolis, IN 46201
- $149,000
- 6
- BD
- 3
- BA
- 3,213
- SqFt
- Sold Price
- $149,000
- List Price
- $157,000
- Closing Date
- Aug 17, 2026
- MLS#
- 22114218
- Property Type
- Residential
- Bedrooms
- 6
- Bathrooms
- 3
- Sqft. of Residence
- 3,213
- Year Built
- 1915
- Days on Market
- 35
- Status
- SOLD
Property Description
Investor opportunity with immediate income and strong value-add potential! This side-by-side duplex features two spacious units, each with a private basement. Unit 213 offers 3 bedrooms and 1.5 bathrooms, while Unit 215 includes 3 bedrooms and 1 bathroom. The property also features a covered front porch and a spacious backyard. Conveniently located less than 3 miles from Downtown Indianapolis, the property provides easy access to employment centers, dining, entertainment, and major highways. Both units are tenant-occupied, with one tenant in place since 2022 and the other since 2023, generating a combined monthly rental income of $1,625. Current rents are below market rates, presenting an excellent opportunity for future rental increases and enhanced cash flow. Whether you're looking to expand your portfolio or add a value-add asset, this duplex offers outstanding investment potential.
Additional Information
- Foundation
- Concrete Perimeter
- Number of Fireplaces
- 2
- Fireplace Description
- Living Room
- Stories
- Two
- Architecture
- Traditional
- Interior
- Hardwood Floors
- Acres
- 0.12
- Heat
- Natural Gas
- Cooling
- Central Air
- Appliances
- Other
- Region
- Center
- Eating Areas
- Formal Dining Room
Listing courtesy of Karanjod Cheema. Rize Commercial Realty LLC
Selling Office: Fathom Realty.How much is your home worth?
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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.