1502 Lexington Avenue
Indianapolis, IN 46203
- – beds
- – baths
- – sqft
- 2,657 sqft lot
- 1880 build
Investment opportunity in the highly sought-after Fountain Square neighborhood! This versatile property features two separate rental units, each with its own private entrance, offering privacy and flexibility. The property can also be converted into a single-family home (SFH) or a SFH with an income-generating upstairs unit. Enjoy the fully fenced yard and a charming covered front porch, perfect for relaxing. The bedrooms feature durable LVP flooring installed just two years ago, while the main living areas showcase beautiful hardwood floors. Each unit has its own HVAC system for added convenience. In the downstairs unit, the fridge, dishwasher, microwave, and stove are all 2-5 years old, while the washer and dryer are approximately 15 years old. The upstairs unit includes a washer, dryer, microwave, stove, and dishwasher that are 2-5 years old, with a fridge that is about 10 years old. The downstairs electrical was updated 3-4 years before 2017. Upstairs was upgraded from knob and tube in 2017. All HVAC is from 2017. Located just one mile from downtown Indianapolis, this vibrant area boasts vintage shops, a wide variety of restaurants, an active art scene, live music, and more! Don't miss the chance to invest in this prime location.
Listing courtesy of MIBOR / eXp Realty, LLC
Last checked:
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Last updated Jan 30, 2025
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MLS# 22019219 —
The Building
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Year Built:1880
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New Construction:false
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Construction Materials:Vinyl Siding
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Architectural Style:TraditonalAmerican
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Levels:Two
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Basement:false
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Foundation Details:Crawl Space
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Exterior Features:Not Applicable
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Security Features:Smoke Alarm, Security System
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Green Certification:No
Interior
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Laundry Features:Connections All
Location
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Directions:GPS Friendly
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Latitude:39.756271
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Longitude:-86.133648
The Property
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View:true
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Property Type:Residential Income
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Property Subtype:Duplex
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Parcel Number:491007112084000101
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Acres:<1/4 Acre
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Lot Features:Access, Curbs, Sidewalks
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Lot Size Acres:0.06
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Lot Size SqFt:2,657 Sqft
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Price Per Acre:5583333
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Structure Type:Duplex
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View:false
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Waterfront:false
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Fence:No
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Current Use:Residential
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Possible Use:Residential
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Road Access:See Remarks
Listing Agent
- Contact info:
- Agent phone:
- (317) 797-5062
- Office phone:
- (888) 611-3912
Taxes
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Tax Lot:520
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Tax Year:2023
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Tax Exemptions:Homestead Tax Exemption
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Semi Annual Property Tax Amt:2512
Heating & Cooling
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Heating:Electric
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Cooling:Central Electric
Utilities
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Solid Waste:No
Schools
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High School District:Indianapolis Public Schools
The Community
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Subdivision Name:Spann & Cos Woodlawn
Parking
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Parking:On Street
Extra Units
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# of Units Total:2
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
1/28/25
Jan 28, 2025
|
Listed / Active | MIBOR | $335,000 | 67.5% (8.9% / YR) |
6/23/17
Jun 23, 2017
|
MIBOR | $200,000 |