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Listed by Charlene Gaard • No Limit Real Estate, LLC
$ 280,000
Est. payment /mo
Active
818 N Drexel AVE Indianapolis, IN 46201
4,356 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Cross Trails
MLS Listing ID 22069958
Year Built 1925
Tax Year 2024
Lot Size 4,356 Sqft
Acres 0.1
Property Sub-Type Duplex
Property Description
Investor Alert! This income-producing duplex in Christian Park is the ideal blend of cash flow, location, and long-term upside. Just a few blocks from historic Irvington and minutes from downtown Indianapolis, this property sits in a strong rental market with growing demand and neighborhood revitalization underway. Both units are mirror layouts, offering 2 bedrooms and 1 bathroom each, with approximately 988 sq ft per side. Tenants will appreciate spacious rooms, laundry hookups in the shared basement, and convenient access to parks, coffee shops, and public transportation. The property features separate gas heat and hot water, brick and vinyl siding, and is nestled on a quiet, tree-lined street with sidewalks - ideal for long-term residents. With market rents estimated at $1,000-$1,200 per unit, this duplex can generate $24,000-$28,800 annually in gross income. Combined with low property taxes ($1,049/year) and minimal operating expenses, the estimated Net Operating Income is $8,775/year - with even more upside if updates are made. This is a rare opportunity to own a turnkey, income-generating property in a high-demand area. Whether you're an experienced investor or a first-timer looking to house hack, 818 N Drexel Ave offers steady returns in one of Indy's most promising east-side neighborhoods. Don't miss this cash-flowing asset just steps from everything Irvington has to offer!
Location
State IN
County Marion
Interior
Heating Forced Air
Fireplace N
Building
Story Two
Architectural Style Traditional
Structure Type Brick,Vinyl Siding
New Construction false
Schools
School District Indianapolis Public Schools
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