$275,000
1241 W 31st Street
Looking for a high-yield investment opportunity? This 6-bed home in Indianapolis offers flexible rental potential with six private bedrooms, two full baths, and a layout well-suited for shared housing models. Positioned near Riverside Park and just minutes from IUPUI, downtown employers, and public transit routes, the location supports consistent demand for housing from students, workforce renters, and voucher holders. Zoned single-family, this property has a strong rental history and is currently vacant for immediate lease-up or minor value-add upgrades. Large common areas, full kitchen, and convenient street parking make it easy to configure as traditional or shared living. Newer roof and updated mechanicals provide peace of mind. Investors looking to maximize returns through Section 8, room-by-room, or co-living strategies will find this an adaptable asset in a high-demand corridor. Nearby properties show stable cash flow potential with proper management. No HOA.
GPS Friendly
Attic Access, Electric Cooktop, Microwave, Refrigerator, Covered
Map to 1241 W 31st Street, Indianapolis, IN 46208
MLS #
22073819
Date Listed
2025-11-18
Status
Active
Property Type
Residential
Property SubType
Single Family Residence
Square Feet
3256 sqft
New Construction
No
Style
Traditional
Type
Single Family Residence
Basement
Unfinished
Bedrooms
6
Bathrooms
2
Year Taxes Payable
2024
Year Built
1930
Days on Market
18
Additional
Design
Traditional
Cooling
None
Heating
Forced Air, Natural Gas
External Features
Construction
Single Family Residence
Exterior
Covered
Lot Size
5,009 sq ft
Acreage
0.12 Acres
Sewer
Municipal Sewer Connected
Water
Public
Fence
None
Location
Area
Marion
County
Marion
Subdivision
Armstrongs 1st Add
Township
Center
City
Indianapolis
State
IN
Zip
46208
Schools
School District
Indianapolis Public Schools
Financial
Assoc. Dues
$0.00
| MLS # | 22073819 |
|---|---|
| Date Listed | 2025-11-18 |
| Status | Active |
| Property Type | Residential |
| Property SubType | Single Family Residence |
| Square Feet | 3256 sqft |
| New Construction | No |
| Style | Traditional |
| Type | Single Family Residence |
| Basement | Unfinished |
| Bedrooms | 6 |
| Bathrooms | 2 |
| Year Taxes Payable | 2024 |
| Year Built | 1930 |
| Days on Market | 18 |
| Design | Traditional |
|---|---|
| Cooling | None |
| Heating | Forced Air, Natural Gas |
| Construction | Single Family Residence |
|---|---|
| Exterior | Covered |
| Lot Size | 5,009 sq ft |
| Acreage | 0.12 Acres |
| Sewer | Municipal Sewer Connected |
| Water | Public |
| Fence | None |
| Area | Marion |
|---|---|
| County | Marion |
| Subdivision | Armstrongs 1st Add |
| Township | Center |
| City | Indianapolis |
| State | IN |
| Zip | 46208 |
| School District | Indianapolis Public Schools |
|---|
| Assoc. Dues | $0.00 |
|---|
MLS# 22073819
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 Charlene Gaard
No Limit Real Estate, LLC
charlenegaard@aol.com
Listing updated December 1, 2025 at 4:31 pm
Last checked 15 minutes ago
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