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3 Beds
1 Bath
1,104 sqft

$120,000

1145 Madeira Street, Indianapolis IN, 46203

Price per sqft$108.70
Built in1970
Property size1,104 sqft
Property typeResidential
Courtesy of Berkshire Hathaway HomeServices, Ashley Marino Listing Contact:

Overview

Active

Listed Jul 10, 2026

Updated 3 weeks ago

Excellent opportunity to add a cash-flowing investment property to your portfolio! This 3-bedroom, 1-bathroom home is tenant-occupied with a long-term lease in place at $1,250 per month through January 31, 2027, providing immediate rental income from day one. The current tenants have been reliable, pay rent consistently, and have been low-maintenance residents, making this a truly turnkey investment for the next owner. In accordance with tenant rights and to respect their quiet enjoyment of the property, showings will be scheduled only after an accepted offer. Please note that the washer, dryer, range, and refrigerator are owned by the tenants and will not convey with the sale. Whether you're an experienced investor looking to expand your portfolio or seeking a stable income-producing property, this home offers an excellent opportunity with an established tenancy already in place.

$798/mo

Est. mortgage payment based on a $120,000 home price.

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

Additional information

MLS® ID
22111656

Interior Features

Bedrooms
3
Bathrooms
1
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.1 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 11:55 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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