321 E 31st Street
Indianapolis, IN 46205
- – beds
- – baths
- – sqft
- 5,227 sqft lot
- 1912 build
More homes
Attention Investors! This meticulously renovated duplex would be a prime addition to your investment portfolio!! Fully updated in 2023, both units boast a townhome-style layout with identical floor plans. Each unit features 3 bedrooms, 1.5 bathrooms, spanning 1360 square feet, and includes a balcony off the master bedroom. Currently rented at $1600 per month per unit (leases ends 5/25), with tenants responsible for all utilities, this property offers immediate cash flow for it's next owner. Situated on a low-maintenance corner lot in the sought-after Mapleton Fall Creek neighborhood, it presents an attractive investment opportunity for both first time investors and seasoned pros. Conveniently located within a 10-minute drive of downtown and a short distance from popular north side destinations like Broad Ripple, this duplex offers the perfect blend of urban convenience and residential tranquility. Residents will also enjoy easy access to nearby attractions such as the Children's Museum, Newfields, Monon Trail, and the State Fairgrounds, providing ample leisure and recreation options. With its central location, savvy investors also have the potential to convert to a short or medium-term strategy to really maximize cash flow.
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Last updated Jan 14, 2025
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MLS# 21976458 —
The Building
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Year Built:1912
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New Construction:false
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Construction Materials:Brick, Vinyl Siding
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Architectural Style:TraditonalAmerican
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Levels:Two
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Roof:Asphalt
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Basement:true
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Basement:Cellar
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Exterior Features:Balcony
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Green Certification:No
Interior
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Laundry Features:Connections All
Financial & Terms
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Buyer Financing:Conventional
Location
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Directions:GPS Friendly
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Latitude:39.811936
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Longitude:-86.15134
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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Property Attached:false
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Parcel Number:490624152022000101
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Acres:<1/4 Acre
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Lot Size Acres:0.12
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Lot Size SqFt:5,227 Sqft
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Price Per Acre:2500000
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Property Condition:Updated/Remodeled
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Additional Parcels:false
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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:Apt<20
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Road Access:Not Applic
Listing Agent
- Contact info:
- Agent phone:
- (317) 450-9202
- Office phone:
- (317) 846-6300
Taxes
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Tax Lot:1B
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Tax Year:2022
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Tax Exemptions:None
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Semi Annual Property Tax Amt:3552
The Listing
Heating & Cooling
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Heating:Forced Air
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Cooling:Central Electric
Utilities
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Solid Waste:Yes
Schools
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High School District:Indianapolis Public Schools
The Community
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Subdivision Name:Osgoods 3rd Central Ave Add
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 |
|---|---|---|---|---|
|
6/12/24
Jun 12, 2024
|
Sold | MIBOR | $300,000 | -14.3% |
|
5/22/24
May 22, 2024
|
Pending | MIBOR | $350,000 | |
|
5/7/24
May 7, 2024
|
Relisted | MIBOR | $350,000 |
