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Listed by Karanjod Cheema • Rize Commercial Realty LLC
$157,000
Est. payment /mo
6 Beds
3 Baths
3,213 SqFt
Pending
213 N Gray ST Indianapolis, IN 46201
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Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Pending
Purchase Type For Sale
Square Footage 3,213 sqft
Price per Sqft $48
Subdivision No Subdivision
MLS Listing ID 22114218
Bedrooms 6
Full Baths 2
Half Baths 1
HOA Y/N No
Year Built 1915
Tax Year 2025
Lot Size 5,227 Sqft
Acres 0.12
Property Sub-Type Single Family Residence
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.
Location
State IN
County Marion
Interior
Interior Features Hardwood Floors
Heating Natural Gas
Cooling Central Air
Fireplaces Number 2
Fireplaces Type Living Room
Fireplace Y
Appliance Other
Exterior
Water Access Desc Public
Building
Story Two
Foundation Concrete Perimeter
Water Public
Architectural Style Traditional
Structure Type Vinyl With Brick
New Construction false
Schools
School District Indianapolis Public Schools
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