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$249,900

1058 W 31st Street, Indianapolis IN, 46208

Price per sqftN/A
Built in1921
Property typeMulti-family
Courtesy of IB REALTORS, Hammed Lawal Listing Contact:

Overview

Active

Listed Jun 8, 2026

Updated 3 weeks ago

Don't miss this exceptional income-producing duplex offering two spacious 3-bedroom, 1.5-bath units a perfect opportunity for investors and aspiring house hackers alike. Thoughtfully updated and move-in ready, this property features central air, new entry doors, washer and dryer, updated appliances, brand-new attic insulation, and a roof that's less than one year old. The 1056 unit has also been freshly painted throughout, giving it a clean, modern feel that's ready for its next occupant. Whether you're looking to expand your investment portfolio or take advantage of the house hacking strategy by living in one unit while renting the other, this property checks all the boxes. With average rents in the area ranging from $1,300 to $1,450 per 3-bedroom unit, the income potential is outstanding. Conveniently located just minutes from I-65, you'll enjoy quick access to downtown and an easy commute to major employers, shopping, dining, and entertainment. As an added incentive, the seller is open to offering reasonable concessions with a full-price offer, creating additional value and flexibility for qualified buyers. Opportunities like this don't stay on the market for long. Whether you're an investor seeking strong cash flow or a buyer looking to offset your mortgage by renting one side, this turnkey duplex is ready to help you build long-term wealth through real estate.

$1,663/mo

Est. mortgage payment based on a $249,900 home price.

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

Additional information

MLS® ID
22105502

Interior Features

Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.13 Acres

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Based on information submitted to the MLS GRID as of 3:01 AM UTC on 9/16/2026. 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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