$119,999
223 W 31st Street
Charming and well-maintained property located in the heart of Indianapolis! This home is currently tenant-occupied, generating $1,000/month in rent - with plenty of upside potential as current rents are below market value for the area. Whether you're an investor seeking steady cash flow or a homeowner looking for your next project, this property offers exceptional flexibility and opportunity. Inside, you'll find a comfortable layout with inviting living spaces, ample natural light, and classic character throughout. The home has a two car garage and off-street parking, and easy access to nearby amenities. Located just minutes from Downtown Indianapolis, Ivy Tech, the Children's Museum, and major highways, this property is in a rapidly developing area with strong rental demand and rising property values. Highlights: Current rent: $1,000/month (well below market) Tenant in place - start earning income immediately Great starter home, rental, or flip opportunity Convenient central location near downtown, schools, and parks Showings require 24-48 hour advance notice Don't miss this chance to add a solid performer to your portfolio or transform it into your next beautiful home. Schedule your showing today and see the potential at 233 W 31st St!
GPS Friendly
Attic Access, Water Heater, Refrigerator, Washer, Dryer
Map to 223 W 31st Street, Indianapolis, IN 46208
MLS #
22066702
Date Listed
2025-10-09
Status
Active
Property Type
Residential
Property SubType
Single Family Residence
Square Feet
2161 sqft
New Construction
No
Style
Traditional
Type
Single Family Residence
Basement
Partially Finished
Bedrooms
3
Bathrooms
3
(2 Full, 1 Half)
Year Taxes Payable
2024
Year Built
1920
Days on Market
34
Additional
Design
Traditional
Cooling
Central Air
Heating
Forced Air, Propane, Natural Gas
Garage
Yes
External Features
Construction
Single Family Residence
Lot Size
2,831 sq ft
Acreage
0.07 Acres
Sewer
Municipal Sewer Connected
Water
Public
Fence
None
Location
Area
Marion
County
Marion
Subdivision
Topps Garden Place
Township
Center
City
Indianapolis
State
IN
Zip
46208
Schools
School District
Indianapolis Public Schools
Financial
Assoc. Dues
$0.00
| MLS # | 22066702 |
|---|---|
| Date Listed | 2025-10-09 |
| Status | Active |
| Property Type | Residential |
| Property SubType | Single Family Residence |
| Square Feet | 2161 sqft |
| New Construction | No |
| Style | Traditional |
| Type | Single Family Residence |
| Basement | Partially Finished |
| Bedrooms | 3 |
| Bathrooms | 3 (2 Full, 1 Half) |
| Year Taxes Payable | 2024 |
| Year Built | 1920 |
| Days on Market | 34 |
| Design | Traditional |
|---|---|
| Cooling | Central Air |
| Heating | Forced Air, Propane, Natural Gas |
| Garage | Yes |
| Construction | Single Family Residence |
|---|---|
| Lot Size | 2,831 sq ft |
| Acreage | 0.07 Acres |
| Sewer | Municipal Sewer Connected |
| Water | Public |
| Fence | None |
| Area | Marion |
|---|---|
| County | Marion |
| Subdivision | Topps Garden Place |
| Township | Center |
| City | Indianapolis |
| State | IN |
| Zip | 46208 |
| School District | Indianapolis Public Schools |
|---|
| Assoc. Dues | $0.00 |
|---|
MLS# 22066702
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 Patrick McNeill
Ask Pat About Real Estate
pat@askpataboutrealestate.com
Listing updated November 10, 2025 at 7:29 pm
Last checked 15 minutes ago
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