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$269,900
3 Beds 2 Baths
Rare opportunity to purchase two furnished, income-producing mid-term rental properties preferably sold as a pair in one of Indy's most convenient near-downtown locations. Located at 1119 and 1123 S Randolph St, these two neighboring homes share a backyard and have been successfully utilized as furnished rent-by-the-room stays, primarily serving healthcare professionals and traveling tenants looking for flexible housing near downtown Indianapolis, Fountain Square, local hospitals, and major employment hubs. The properties offer a strong current income, operational flexibility, and long-term upside. Each home is already furnished and currently operating as a room-by-room rental, creating a turnkey opportunity for an investor looking to step into an existing mid-term rental model rather than build one from scratch. Income for 1119 S Randolph St generated $36,157.17 in total gross income, while 1123 S Randolph St generated $32,215.26 in total gross income. Together, the two properties produced $68,372.43 in total gross income during that period. Whether continuing the current furnished rent-by-the-room strategy, transitioning to traditional mid-term rentals, or exploring another furnished housing model, this package gives investors multiple paths to operate and optimize. With proximity to downtown Indy, Fountain Square, local hospitals, major interstates, restaurants, nightlife, and employment centers, these homes are well-positioned for continued tenant demand from traveling healthcare workers, professionals, and renters seeking flexible furnished housing.

1123 S Randolph Street, Indianapolis

Listing courtesy of @properties.

$370,000
4 Beds 3 Baths
MOTIVATED SELLER!! OFFERING UP TO $5K TOWARDS BUYERS CLOSING COSTS OR INTEREST RATE BUY DOWN W/ACCEPTABLE OFFER!! Welcome home to 915 E. Pleasant Run Pkwy. This charming home has it all boasting 4 bedrooms, 3 full baths, home office, recently renovated kitchen and so much more! You are immediately greeted with a dreamy covered front porch looking out over Pleasant Run Trail. Inside, you will find an open and functional floor plan with the home office, living area, eat-in kitchen, primary ensuite bedroom and guest bedroom ensuite all on the main level. On the upper level 2 spacious bedrooms, a reading nook and an additional full bathroom. Entertaining will be a delight on your freshly stained deck in your fenced in rear yard. Oversized 1 car garage perfect for your storage needs, home gym or protecting your vehicle from the mid west weather! Perfectly situated within walking distance to Fountain Square and Garfield Park and just minutes from downtown make this a perfect location. This is without a doubt a MUST SEE!

915 E Pleasant Run Parkway South Drive, Indianapolis

Listing courtesy of Cedar Tree Realtors.

$239,900
2 Beds 2 Baths
Rare opportunity to purchase two furnished, income-producing mid-term rental properties preferably sold as a pair in one of Indy's most convenient near-downtown locations. Located at 1119 and 1123 S Randolph St, these two neighboring homes share a backyard and have been successfully utilized as furnished rent-by-the-room stays, primarily serving healthcare professionals and traveling tenants looking for flexible housing near downtown Indianapolis, Fountain Square, local hospitals, and major employment hubs. The properties offer a strong current income, operational flexibility, and long-term upside. Each home is already furnished and currently operating as a room-by-room rental, creating a turnkey opportunity for an investor looking to step into an existing mid-term rental model rather than build one from scratch. Income for 1119 S Randolph St generated $36,157.17 in total gross income, while 1123 S Randolph St generated $32,215.26 in total gross income. Together, the two properties produced $68,372.43 in total gross income during that period. Whether continuing the current furnished rent-by-the-room strategy, transitioning to traditional mid-term rentals, or exploring another furnished housing model, this package gives investors multiple paths to operate and optimize. With proximity to downtown Indy, Fountain Square, local hospitals, major interstates, restaurants, nightlife, and employment centers, these homes are well-positioned for continued tenant demand from traveling healthcare workers, professionals, and renters seeking flexible furnished housing.

1119 S Randolph Street, Indianapolis

Listing courtesy of @properties.

$245,000
Located at 3440 Guion Road in Indianapolis, Indiana, this +/- 14.381-acre multi-parcel property sits along Little Eagle Creek in Marion County and offers a combination of wooded acreage, open ground, and established access in an urban-adjacent setting. The property fronts Guion Road with a gravel drive already in place, providing straightforward access from the road. The wooded acreage along Little Eagle Creek carries visible wildlife sign, and the mix of timber and open ground creates varied terrain across the parcel.The site is currently zoned Special Use District (SU-2) and holds great potential for a number of uses. It boasts picturesque views of Little Eagle Creek, which flows through the site. This versatile site can be easily tailored for multifamily, single family, senior housing, self-storage or various commercial ventures. It's important to note that a portion of the land is situated in a flood-prone area.There are multiple areas out of the flood zone but these factors affect where and how development may occur and should be thoroughly evaluated during due diligence. Water, natural gas, and electric utilities are available at or near the road along Guion Road. The property has easy access to I-65 via 38th Street and Lafayette Road, providing a gateway to all parts of the Indianapolis metro. It is situated approximately 6-7 miles northwest of downtown Indianapolis, roughly 2-3 miles from Speedway, IN, and 12-14 miles from Zionsville, IN.

3438 Guion Road, Indianapolis

Listing courtesy of Whitetail Properties.

$244,500
3 Beds 3 Baths
Like new construction without the wait! Take a look at this nicely appointed home built in 2023. The home offers a harmonious blend of comfort and contemporary design, presenting itself in like new condition. The thoughtfully designed layout provides great space for entertaining with an open-plan and kitchen that seamlessly integrates with the dining and living room. A practical peninsula offer great space for a breakfast bar or prep space for cooking. Kitchen is equipped with stainless steel appliances, lots of cabinet space with a view of the backyard. Upstairs you will find 3 bedrooms and 2 full baths. The large primary bedroom features a walk-in closet and ensuite with an oversized step in shower. Backyard has a good size storage shed for all of your landscaping tools and accessories. Embrace the opportunity to experience this thoughtfully designed property.

1205 N Mount Street, Indianapolis

Listing courtesy of Berkshire Hathaway Home.

$384,999
For more information please reach out to the listing agent directly if you are not currently represented by an agent. Looking for an income generating property? You can buy this 3 bed 2 full bath duplex with an FHA loan and rent out one side to cover your mortgage. You can purchase with cash or conventional financingand rent out both sides. New construction with low matennece material makes this a turn key investment. Just buy it, put it for rent and start collecting. Great durable materials and every detail thought out. This duplex sits on almost a 1/3 of an acre and each side has their own parking. Both units are equiped with appliances, overhead lights/fans in each room. Soft close cabinets, garbage disposal, Luxury vinyl plank flooring, 9ft ceilings, washer and dryer hookup in each unit, custom Tiled showers with Niche storage and tile floors in bathrooms, Every componet in the home is new from electric to water and sewer lines, flush mount LED lighting throughout, Lots of natural light, good sized bedrooms, HVAC is a split conventional system not a heat pump-Gas is available-6inch gutters-Hardy Plank-Smart Trim that last longer its not the traditional 1x6-Crawl space is incapsulated and includes a sump pump

3915 N Hawthorne Lane, Indianapolis

Listing courtesy of Keller Williams Indy Metro NE.

$269,900
3 Beds 1 Baths
Priced to sell, welcome home to this beautifully maintained Broad Ripple bungalow. A short distance to the Bishop Chatard campus, and a short drive to the village and the heart of Broad Ripple where you can dine and shop. A welcoming covered porch leads you into this beautifully maintained charmer that boasts hardwood floors throughout the home and an updated kitchen with plenty of cabinet and counter space. Walk down and the basement offers flexibility as another living space, gym space or for any and all your storage needs. Stroll outside to your own gazebo, which offers the perfect spot to enjoy some outdoor living by reading a book with that morning coffee or a space to have a meal with family or friends. New roof installed in 2024, sewer line in 2024, and kitchen updated in 2025.This one won't last long and is the perfect opportunity to be in a great neighborhood close to it all!

2206 E Northgate Street, Indianapolis

Listing courtesy of CENTURY 21 Scheetz.

$290,000
3 Beds 2 Baths
This Butler-Tarkington gem is gorgeous both inside & out! Step into the family room, where you'll see the original hardwood staircase, modern light fixtures, fresh paint, & TONS of updates. Spacious dining room connects the kitchen & family room. Updated kitchen has quartz countertops, newer cabinets & newer appliances. Upstairs you have 3 bedrooms with large soaring ceilings, & lots of closet space for each bedroom (rare for a house from this time period!) Primary bedroom closet is a walk-in with custom cabinetry. Backyard is fully fenced & has tons of space, perfect for entertaining or relaxing! Covered front porch is also a great feature, perfect for a porch swing & enjoying summer weather. Walking distance to Butler University, Hoagie's & Hops, Andrew Ramsey Park, close to schools, shops, bars, restaurants, & many other fun things. Don't miss out on this great house! This home is H-O-T-T-O-G-O !!!!

4019 Graceland Avenue, Indianapolis

Listing courtesy of United Real Estate Indpls.

$296,000
2 Beds 2 Baths
If you've been searching for a home with character, walkability, and a location close to everything, this SoBro Cape Cod deserves a look! Just minutes from Broad Ripple, the Monon Trail, Fresh Market, and downtown Indianapolis, this home offers the charm of a mature neighborhood with conveniences right outside your door. This 2-bedroom, 1.5-bath home offers classic charm with hardwood floors, a cozy fireplace, and a standout enclosed porch perfect for relaxing or entertaining. Each bedroom has three closets. Situated on a desirable corner lot with a 1-car garage, this home combines character and convenience. The basement offers great storage or potential for additional living space, a workout room, office, or hobby area.

5455 N College Avenue, Indianapolis

Listing courtesy of Highgarden Real Estate.

$335,000
3 Beds 3 Baths
Welcome to the heart of Indy's growing Central State neighborhood! Built in 2022 and loaded with thoughtful updates, this corner lot home perfectly blends modern style with everyday comfort in one of the city's most exciting up-and-coming areas. Fresh sod installed this spring, a newly added privacy fence, and great curb appeal make this one stand out before you even step inside. The open-concept main level was made for entertaining, featuring stone countertops, stainless steel appliances, a large center island, and updated light fixtures that add the perfect elevated touch throughout the home. Natural light pours into the living spaces, while the functional layout keeps everything feeling open and connected. Upstairs, you'll love the convenience of second-floor laundry right near all three bedrooms. The spacious primary suite offers a private retreat with a beautifully designed ensuite bath and generous closet space, while the additional bedrooms give flexibility for guests, a home office, or workout space. Step outside to enjoy the covered patio and fully fenced backyard, perfect for summer nights, pets, or your next get-together. And the location? So good. You're just minutes from downtown Indianapolis while still enjoying the neighborhood feel that makes Central State so special. Grab coffee and pastries at Mansion Society, known for its cozy vintage vibe inside the historic former Central State campus. You're also close to local favorites like The Workingman's Friend, nearby trails and green space at White River State Park, and all the dining, shopping, and entertainment downtown Indy has to offer. Modern finishes, a fantastic lot, smart updates, and an unbeatable location near the energy of Bolton Square and Central State redevelopment... this one is easy to fall in love with.

302 N Warman Avenue, Indianapolis

Listing courtesy of @properties.

$190,000
Discover a unique opportunity at 953-955 N Bosart AVE Duplex, INDIANAPOLIS, IN, a distinctive duplex constructed in 1921. This property offers a compelling blend of classic architecture and potential, situated on a generous 5097 square foot lot. Imagine the possibilities for creating a vibrant living space or a strategic investment in a property with enduring character. This duplex presents a versatile canvas, ideal for those seeking a multi-generational living arrangement, an income-generating asset. With its substantial lot, there's ample scope for outdoor enjoyment and creative landscaping, enhancing the living experience for all occupants. To truly appreciate the potential and charm of this 1921 duplex, schedule your private viewing today.

955 N Bosart Avenue, Indianapolis

Listing courtesy of Libertad Real Estate Co., LLC.

$344,900
3 Beds 3 Baths
Homes like this rarely hit the market in Broad Ripple. Beautifully renovated 3-bedroom, 2.5-bath brick home that perfectly blends timeless character with today's modern finishes. From the moment you step inside, you'll notice the original hardwood floors, abundant natural light and warm, inviting atmosphere that instantly makes this house feel like home. The kitchen features white cabinetry, quartz countertops, stainless steel appliances and a designer herringbone backsplash, opening seamlessly into the main living areas for easy everyday living and entertaining. The spacious primary suite offers a private en-suite bathroom with a walk in shower, tile flooring and glass shower doors, creating a comfortable retreat within the home. All bathrooms have been thoughtfully remodeled with frameless glass showers, floating vanities, and sleek contemporary finishes that elevate the entire space. Additional updates include new windows and a brand-new central heating and air conditioning system, offering both efficiency and peace of mind. The home also features a cozy fireplace, dining room, screened-in porch, detached garage and an extended concrete parking pad with room for two additional vehicles - a rare convenience in Broad Ripple. The fully fenced backyard provides the perfect setting for pets, gatherings, or relaxing evenings outdoors. Located just minutes from the Monon trail and Broad Ripple's best restaurants, coffee shops and parks, this move-in ready home offers the perfect combination of character, style and location. Opportunities like this do not come around often. This Broad Ripple home is ready to welcome you!

1230 Kessler Boulevard East Drive, Indianapolis

Listing courtesy of Epique Inc.

$465,000
4 Beds 4 Baths
Investor opportunity in the heart of Indianapolis! Welcome to 614 E 21st St, Indianapolis, IN 46202! Strong cash flow potential meets quality construction in this exceptional investment property located in one of Indianapolis' growing urban corridors. Whether you're expanding your rental portfolio, executing a house-hack strategy, or seeking a short-/mid-term rental opportunity, this asset offers multiple income streams and long-term upside. The primary residence is a well-appointed traditional home featuring upgraded finishes that attract quality tenants, including a modern kitchen with granite countertops, stainless steel appliances, dark cabinetry, an undermount sink, and a butler's pantry. Engineered hardwood flooring throughout the main level enhances durability and appeal, while the spacious layout supports strong rental demand. The upper-level primary suite includes premium finishes with a custom tiled shower, granite dual vanities, and an attractive bath design, while additional bathrooms offer comparable upgraded finishes-helping position the property above average rental inventory. The true value-add is the detached income-producing carriage house, creating a compelling multi-income opportunity. This separate unit includes private access, dedicated laundry, private patio, garage bay, and carport parking, making it highly marketable for long-term tenants, furnished rentals, guest housing, or owner-occupant offset income. Exterior amenities, including a private fenced backyard and large patio further increase tenant desirability and retention. Both units are currently occupied. The main house is leased until 9/30/2026, and the Carriage house is leased as a rental arbitrage until 7/31/2028 as an Airbnb. This property is professionally managed, and the current management company is interested in continuing to manage this property.

614 E 21st Street, Indianapolis

Listing courtesy of Eddy Properties, LLC.

$210,000
3 Beds 3 Baths
Discover the charm of 3048 Newton AVE, an inviting single-family residence in INDIANAPOLIS. Built in 1910, this 1558 sq ft home is ready for you to move in and begin your next chapter. This newly renovated property offers a comfortable and functional living experience, blending historical character with modern convenience. This home presents three well-proportioned bedrooms, providing ample private space. Complementing these are two full bathrooms and an additional half bathroom, ensuring convenience and comfort for residents and guests alike. The property extends its living experience outdoors with a private fenced yard, offering a personal sanctuary for relaxation or recreation. A two car garage with alley access and gravel drive offers additional parking space. A welcoming porch provides a lovely spot to enjoy the neighborhood ambiance. This 1.5-story residence thoughtfully utilizes its space, providing a cohesive and livable layout. Imagine the possibilities this delightful bungalow holds for your everyday life; schedule your private viewing today.

3048 Newton Avenue, Indianapolis

Listing courtesy of eXp Realty, LLC.

$635,000
4 Beds 5 Baths
This one is truly something different. Located just a few blocks from the heart of Fountain Square, this 4 bed, 4.5 bath modern home offers flexibility you don't often see. Built in 2019, you get the benefit of newer mechanicals, including roof and HVAC, which is hard to find in this area. You're right on Shelby St, making it easy to walk to restaurants, coffee shops, and nightlife. The main living space was designed to impress, with 11 ft ceilings, large windows, and an electric fireplace with custom built-ins and mantle. The kitchen leans modern but warm, featuring white cabinetry, granite waterfall countertops, a commercial-grade gas range, custom hood, stainless appliances, and a large island with a built-in table. Upstairs, the primary suite offers a true retreat with a walk-in closet, double vanity, and tiled walk-in shower. The third floor is a standout with two balconies-one with downtown skyline views and the other overlooking Fountain Square. The finished basement adds even more versatility with a bedroom, full bath, and separate entrance, making it ideal for house hacking, Airbnb, or guest space. Outside, enjoy a composite deck, fire pit area, and a rare parking setup for this location with a garage, gated private parking, and an additional gravel lot. The home and yard are zoned residential (D5), while the additional gravel lot is zoned commercial (C5), offering added flexibility for parking, potential business use, or future opportunity. A unique opportunity with serious flexibility in one of Indy's most vibrant neighborhoods.

806 Shelby Street, Indianapolis

Listing courtesy of Highgarden Real Estate.

$170,000
3 Beds 2 Baths
Located at 762 E 42nd ST, INDIANAPOLIS, IN, this single-family residence offers a unique opportunity, presenting itself as a great option for investors and handy homeowners. House has been taken down to the studs and is in need of total renovation. New electrical has been roughed in, along with new windows and a new roof. Imagine mornings spent on the porch, a perfect spot to enjoy the fresh air. The residence includes two full bathrooms, thoughtfully designed to provide comfort and convenience. With three bedrooms, there is ample space for rest and rejuvenation. The property provides 1,536 square feet of living area, allowing for a variety of living arrangements. Situated on a 3,180 square feet lot, this property provides a balance of indoor and outdoor space. Constructed in 1914, this two-story home carries a sense of history and is calling out to be transformed into a true gem. Sold As Is, Where is. Cash only. Please complete any inspections before submitting an offer. All due diligence done before submitting an offer.

762 E 42nd Street, Indianapolis

Listing courtesy of Mark Dietel Realty, LLC.

$199,900
2 Beds 1 Baths
Charming cottage just blocks from the heart of Fountain Square! This inviting home features a spacious kitchen and comfortable living area, an updated bathroom, one bedroom, and a large bonus room currently used as a second bedroom in the active Airbnb setup. Additional highlights include main-level laundry, a covered front porch perfect for relaxing, a large storage shed, and ample off-street parking in the rear. Major maintenance items have all been updated since 2020, offering added peace of mind for the next owner. Whether you're looking for a cozy personal residence, a long-term rental, or a turnkey short-term rental investment, this property offers flexibility, charm, and strong income potential. Come put your finishing touches on this adorable Fountain Square gem!

1202 Laurel Street, Indianapolis

Listing courtesy of Tyler Knows Real Estate LLC.

$299,999
2 Beds 2 Baths
LOCATION, LOCATION, LOCATION! This charming urban-oasis condo puts you in the heart of downtown Indianapolis within easy walking distance to Mass Ave, Old National Center, Indianapolis City Market, Monument Circle and all that downtown Indianapolis provides with its entertainment and sports complexes, restaurants, and pocket green spaces! Practical city living is yours in this intimate condo featuring connected indoor/outdoor entertainment area, private single-car garage with additional reserved outdoor parking spot and expansive roof deck with all new flooring accessible through beautiful double French doors enveloping the entire living room in natural light. This residence comes equipped with all new kitchen appliances, wash and dryer, and water heater, while updated bathroom fixtures provide a fresh and contemporary look. The entire space is adorned with brand new carpet, adding warmth and comfort throughout. The master bedroom features a newly organized closet for optimal storage efficiency, complemented by a stylish new barn door that adds a touch of modern elegance to the living space. Don't miss this exceptional opportunity! Note: All dimensions and property tax information is approximate.

220 N Cleveland Street, Indianapolis

Listing courtesy of Beycome Brokerage Realty LLC.

$337,500
2 Beds 3 Baths
Home is ready for move-in. Beautiful townhome on the courtyard at the Townes at Kennedy-King. New Construction within walking distance to parks, coffee shops and restaurants. Open kitchen has plenty of storage and a stylish backsplash complements the modern aesthetic, while the large kitchen island offers a central space for both cooking and gathering, all beautifully illuminated by the wall chimney range hood. The open floor plan creates an airy and inviting atmosphere. The entire top floor is an owner's haven with spacious bedroom, luxury bath, study, and a private, covered balcony. This townhouse provides a wonderful opportunity to experience modern living in a desirable Indianapolis location.

2143 Coretta Way, Indianapolis

Listing courtesy of Onyx and East, LLC.

$499,900
Proudly presenting this prime redevelopment opportunity on busy East 38th Street directly across from the Indiana State Fairgrounds. This 0.61-acre commercial land parcel is fully paved and strategically positioned on the corner of East 38th Street and Guilford Avenue, offering approximately 200 feet of frontage on 38th Street and 124 feet on Guilford Avenue. The property features three street cuts for excellent accessibility - two access points from 38th Street and one from Guilford Avenue. Currently operating with a tenant-occupied convenience store, the existing structure may continue generating income, be renovated, or potentially torn down for new development. Zoned "Multi-Use," this site offers exceptional flexibility for a wide variety of projects, including: * Apartments / Multifamily Housing * Mixed-Use Developments with Retail Below & Residential Above * Office Buildings * Restaurants & Cafes * Retail Stores * Medical Offices * Community Centers * Professional Service Businesses High-visibility location with strong traffic exposure makes this property ideal for investors, developers, and business owners seeking a premier urban corridor location in Indianapolis. Additional zoning variances for intended use may be possible; buyers are advised to verify all zoning and development possibilities with the City Zoning Department. Don't miss this rare opportunity to secure a versatile commercial corner in one of Indianapolis' most active growth corridors.

821 E 38th Street, Indianapolis

Listing courtesy of Blue Flag Realty Inc.

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