$139,000 $68/sf Earn $2,780
$139,000
Credit Back up to $2,780*
$67.74/sf
Active - Multi Family for sale
Outstanding duplex investment opportunity at 31 & 33 N Walcott St, Indianapolis, IN 46201—positioned just minutes from Downtown, the Monon Trail, and the Bottleworks District. This side-by-side duplex features two units, each offering 2 bedrooms and 1 full bathroom, with a combined 2,052 sq ft of living space on a 5,489 sq ft lot. Unit 31 N is in good, rent-ready condition with updated LVP flooring, modern drywall, a functional kitchen and bath, and all major systems (plumbing, electrical) operational. The water heater is approx. 4–5 years old. The unit was previously rented and has been vacant for only 3 months. Unit 33 N is a blank slate—fully gutted to the studs and ready for renovation. Over $15,000 has already been invested into structural foundation improvements (applies to both sides). Additional features include vinyl siding, a partial basement, separately metered units, and central air system setup (though HVAC units are missing). The roof has no active leaks but likely needs replacement. Street parking only, no garage, and no HOA. Property taxes were just $749 in 2023. This property is a solid value-add play for BRRRR investors or savvy landlords looking for passive income in the 46201 zip code. Priced at just $139,000.
MLS: #22035774
* School data provided by National Center for Education Statistics, and GreatSchools. Intended for reference only. The GreatSchools Rating is based on a variety of school quality indicators, including test scores, college readiness, and equity data. To verify enrollment eligibility, contact the school or district directly.
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Status: Active
Listed Date: 04/29/2025
Days On Market: 2
Lot Size (Acres): 0.13
Lot Size (Square Feet): 5488.56
Year Built: 1890
Parcel Number: 49-10-06-185-031.000-101
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