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2 Beds
1 Bath
1,020 sqft

$240,000

1466 S Worth Avenue, Indianapolis IN, 46241

Price per sqft$235.29
Built in1940
Property size1,020 sqft
Property typeResidential
Courtesy of Matlock Realty Group, Beau Matlock Listing Contact:

Overview

Active

Listed Sep 16, 2026

Updated 3 weeks ago

Looking for a turnkey investment opportunity? This unique property offers two fully renovated homes on one lot, providing immediate rental income and excellent flexibility. The 1,020 sq. ft. main home features 2 bedrooms and 1 full bath and is currently leased for $1,590 per month. A separate 750 sq. ft. garage apartment offers an additional 1 bedroom and 1 full bath and is currently leased for $1,100 per month. The main home has been extensively renovated with major updates including a newer roof, flooring, plumbing, electrical, windows, HVAC system, and a beautifully updated kitchen with new appliances. Spacious bedrooms and comfortable living areas make this a desirable and functional home for tenants. The detached garage apartment has also been fully renovated and features its own updated kitchen, appliances, and private bath. With separate living spaces and strong rental income, this property presents an excellent opportunity for investors seeking a low-maintenance addition to their portfolio. Both residences share a driveway and offer ample yard space. Current combined rental income is $2,690 per month. Tenant rights apply.

$1,597/mo

Est. mortgage payment based on a $240,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
22123393

Interior Features

Bedrooms
2
Bathrooms
1
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.19 Acres

Listings courtesy of MIBOR Broker Listing Cooperative® as distributed by MLS GRID

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Kelly Todd shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Properties displayed may be listed or sold by various participants in the MLS.

Based on information submitted to the MLS GRID as of 11:56 AM UTC on 9/17/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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