$195,000
Investor Opportunity! Excellent income-producing 3-bedroom, 1.5-bath ranch located on the east side of Indianapolis. Property is currently tenant-occupied at $1,400/month on a month-to-month lease, offering immediate income with the flexibility to adjust rent or lease terms after closing. This well-maintained home features a functional floor plan, spacious bedrooms, and a large backyard, and a partially converted garage providing additional living or flex space while retaining garage access. New HVAC installed in 2023. Conveniently located near major roads, shopping, dining, and just minutes from downtown Indianapolis. Perfect for investors seeking a stable property with built-in cash flow and value-add potential. Comparable area rents suggest room for future rent increases, and tenant occupancy provides reduced vacancy risk from day one.
GPS Friendly
Eat-in Kitchen, Gas Cooktop, Refrigerator, Covered, Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
| MLS # | 22067647 |
|---|---|
| Date Listed | 2025-10-11 |
| Status | Active |
| Property Type | Residential |
| Property SubType | Single Family Residence |
| Square Feet | 1440 sqft |
| New Construction | No |
| Style | Ranch |
| Type | Single Family Residence |
| Bedrooms | 3 |
| Bathrooms | 2 (1 Full, 1 Half) |
| Year Taxes Payable | 2024 |
| Year Built | 1955 |
| Days on Market | 57 |
| Design | Ranch |
|---|---|
| Cooling | Central Air |
| Heating | Forced Air, Natural Gas |
| Garage | Yes |
| Construction | Single Family Residence |
|---|---|
| Exterior | Covered |
| Lot Size | 14,985 sq ft |
| Acreage | 0.34 Acres |
| Sewer | Municipal Sewer Connected |
| Water | Public |
| Fence | Full |
| Area | Marion |
|---|---|
| County | Marion |
| Subdivision | Shadeland Village |
| Township | Warren |
| City | Indianapolis |
| State | IN |
| Zip | 46219 |
| School District | MSD Warren Township |
|---|
| Assoc. Dues | $0.00 |
|---|
MLS# 22067647
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 Michelle Romano-Moss
Keller Williams Indpls Metro N
mromano103@hotmail.com
Listing updated October 23, 2025 at 3:39 pm
Last checked 2 minutes ago