$197,500
631 Terrace Avenue
It's your lucky day! Buyer financing fell through so we're back on the market. Be part of the exciting revival of the Old Southside, Bates-Hendricks, and South Park neighborhoods. This early 20th-century duplex offers a unique opportunity for investors or visionary homeowners. With over 2,600 total square feet (m/l), the property is ready for renovation-restore it to its original single-family layout or update both units for solid rental income. The main level features 3 bedrooms and 2 full bathrooms, while the upper unit includes 1 bedroom and 1 full bathroom, accessible via a separate entrance. Whether you're looking to house hack, invest, or fully restore, there's plenty of space and potential to bring your vision to life. Explore the possibilities in one of Indy's most rapidly evolving areas, just minutes from downtown, restaurants, entertainment, and public transit. All appliances in the home stay.
GPS Friendly
Map to 631 Terrace Avenue, Indianapolis, IN 46203
MLS #
22039038
Date Listed
2025-05-14
Status
Active
Property Type
Multi-Family/Apartments
Property SubType
Duplex
New Construction
No
Style
Traditional
Type
Duplex
Basement
Unfinished
Year Taxes Payable
2024
Year Built
1902
Days on Market
98
Additional
Design
Traditional
Cooling
None
Heating
None
External Features
Construction
Duplex
Lot Size
3,485 sq ft
Acreage
0.08 Acres
Fence
None
Location
Area
Marion
County
Marion
Subdivision
South Park
Township
Center
City
Indianapolis
State
IN
Zip
46203
Schools
School District
Indianapolis Public Schools
Financial
Assoc. Dues
$0.00
| MLS # | 22039038 |
|---|---|
| Date Listed | 2025-05-14 |
| Status | Active |
| Property Type | Multi-Family/Apartments |
| Property SubType | Duplex |
| New Construction | No |
| Style | Traditional |
| Type | Duplex |
| Basement | Unfinished |
| Year Taxes Payable | 2024 |
| Year Built | 1902 |
| Days on Market | 98 |
| Design | Traditional |
|---|---|
| Cooling | None |
| Heating | None |
| Construction | Duplex |
|---|---|
| Lot Size | 3,485 sq ft |
| Acreage | 0.08 Acres |
| Fence | None |
| Area | Marion |
|---|---|
| County | Marion |
| Subdivision | South Park |
| Township | Center |
| City | Indianapolis |
| State | IN |
| Zip | 46203 |
| School District | Indianapolis Public Schools |
|---|
| Assoc. Dues | $0.00 |
|---|
MLS# 22039038
IDX information provided by the MIBOR REALTOR® Association.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
Listing Provided Courtesy of Rodney Forrest
eXp Realty, LLC
rod.r.forrest@gmail.com
Listing updated November 4, 2025 at 1:40 pm
Last checked 8 minutes ago
Learn More About 631 Terrace Avenue
