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422 424 Villa Avenue

Indianapolis, IN 46201

– beds
– baths
– sqft
4,443 sqft lot
1920 build

Attention Investors! Discover a prime investment opportunity with this beautifully renovated duplex near downtown Indianapolis. Each unit features 1 bedroom and 1 bathroom, providing excellent potential for strong rental income. Both units are currently leased, with tenants paying $1,300 per month each, generating a total gross income of $2,600 per month. This duplex has been fully updated with durable LVP flooring, stylish butcher block countertops, modern bathroom finishes, and more. The charming front porch adds to the property's curb appeal, while its close proximity to downtown attractions makes it highly desirable for tenants seeking vibrant city living. Owner-paid utilities range from $125-$165 per side, keeping overhead manageable. Whether you're looking to add a turnkey, high-cash-flow property to your portfolio or secure a long-term income-generating asset, this duplex is a fantastic opportunity you won't want to miss!

Listing courtesy of MIBOR / @properties

Last checked: Checking… • Last updated Dec 19, 2024 •

MLS# 22015383 —

The Building

Year Built:

1920
New Construction:

false
Construction Materials:

Vinyl Siding
Architectural Style:

Bungalow
Levels:

One
Roof:

Composition
Basement:

false
Green Certification:

No

Interior

Laundry Features:

Connections Some

Location

Directions:

GPS Friendly
Latitude:

39.760227
Longitude:

-86.127744

The Property

View:

true
Property Type:

Residential Income
Property Subtype:

Duplex
Parcel Number:

491007205109000101
Acres:

<1/4 Acre
Lot Size Acres:

0.1
Lot Size SqFt:

4,443 Sqft
Price Per Acre:

2150000
Structure Type:

Duplex
Current Use:

Residential
Possible Use:

Residential
Road Access:

Not Applic
Road Frontage Type:

City Street
Road Surface Type:

Asphalt

Listing Agent

Contact info:

Taxes

Tax Lot:

491007205109000101
Tax Year:

2023
Semi Annual Property Tax Amt:

664

Heating & Cooling

Heating:

No Heating
Cooling:

None

Utilities

Building Utilities:

Municipal Storm Available
Solid Waste:

No

Schools

High School District:

Indianapolis Public Schools

The Community

Subdivision Name:

State Square

Extra Units

# of Units Total:

2

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
12/19/24 Dec 19, 2024	Listed / Active	MIBOR	$215,000

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This multifamily located in South Side Indianapolis, Indianapolis, IN 46201 is currently for sale for $215,000. 422 424 Villa Avenue is a – square foot multifamily with – beds and – baths. 422 424 Villa Avenue is in the South Side Indianapolis neighborhood of Indianapolis and has a WalkScore® of 51, making it somewhat walkable. This multifamily is in the attendance area of George Washington Community High School, Arsenal Technical High School, Riverside High School, and Washington Irving School 14.

Listing Courtesy of: MIBOR and @properties.

IDX information is provided exclusively for consumers’ personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID. 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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