23 S Harris AVE, Indianapolis, IN 46222
23 S Harris AVE, Indianapolis, IN 46222
23 S Harris AVE, Indianapolis, IN 46222
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Jake Stiles, CLHMS

Jake Stiles, CLHMS

+1(317) 201-4092
Listed by Peter Stewart • Keller Williams Indpls Metro N
$209,900
Est. payment /mo
4,791 Sqft Lot
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Pending

Purchase Type For Sale

Subdivision Carpenters Home Place

MLS Listing ID 22113487

Year Built 1910

Tax Year 2025

Lot Size 4,791 Sqft

Acres 0.11

Property Sub-Type Duplex

Property Description

Investors and house hackers, welcome to 23-25 S Harris Ave-a turn-key, updated side-by-side duplex on Indianapolis' rapidly developing near-west side! Unit 23 is currently rented at $1,265/mo on a month-to-month lease, providing immediate income, while Unit 25 is vacant and move-in ready-ideal for an owner-occupant looking to offset their mortgage with rental income or an investor ready to place their own tenant. With both sides offering nearly identical layouts and finishes, Unit 25 should support a similar rent of approximately $1,265/mo, bringing projected total gross rents to $2,530/mo. Once fully occupied, the property is projected to perform well above the coveted 1% rule, making it an especially compelling option for cash-flow-focused investors. Landlord expenses are kept low with all utilities separately metered and paid by the tenants. Just 10 minutes from Downtown Indy, IU Indianapolis, four major west-side hospitals, the Indianapolis Motor Speedway, and near the new Elanco Global HQ, White River State Park, and Indy Zoo. Both units feature modern updates including durable LVP flooring, carpet upstairs, updated kitchens with white shaker cabinets, and central heating and air. Unit 23 offers 3 beds/1 bath, while Unit 25 features 3 beds/1.5 baths. A covered front porch adds classic 1910 character, while key improvements include a roof estimated at approximately 5 years old. A flexible opportunity for immediate income, house hacking, or long-term portfolio growth. Professional management is already in place and can remain if desired.

Location

State IN

County Marion

Interior

Heating Forced Air

Cooling Central Air

Fireplace N

Exterior

View Y/N false

Roof Type Asphalt

Building

Story Two

Architectural Style Traditional

New Construction false

Schools

School District Indianapolis Public Schools

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Jake Stiles, CLHMS

Jake Stiles, CLHMS

+1(317) 201-4092

Broker RB14032222

Broker RB14032222

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23 S Harris AVE

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