1221 Lee Street, Indianapolis, IN 46221

Indianapolis
Local realty services provided by:Better Homes and Gardens Real Estate Gold Key
1221 Lee Street,Indianapolis, IN 46221
$170,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: carolyn gonzalez
Office: the modglin group
MLS#:22120028
Source:IN_MIBOR

Price summary

  • Price:$170,000

About this home

Rare Investment Opportunity - Duplex + Additional Buildable Lot! Attention investors and developers! This rare opportunity features a 2-bedroom, 2-bath duplex plus an additional large, fully fenced corner lot with the potential to build another duplex or investment property (buyer to verify zoning and approvals). Located in an area experiencing significant growth, this property is surrounded by new construction and offers an excellent opportunity to expand your rental portfolio or develop additional income-producing units. Conveniently situated just minutes from downtown Indianapolis, Eli Lilly, major employers, dining, and entertainment, this location is ideal for attracting future tenants. Whether you're looking for immediate rental income, land for future development, or a value-add investment in a rapidly appreciating area, this property checks all the boxes. Highlights: 2-bedroom, 2-bath duplex Large fenced corner lot included Potential to build an additional...

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Home facts

  • Year built:1938
  • Subdivision & Development:L C Coburns Sub J F
  • Listing ID #:22120028
  • Added:1 day(s) ago
  • Updated:August 14, 2026 at 04:42 AM

Rooms and interior

  • Basement:Yes
  • Basement Description:Basement

Structure and exterior

  • Year built:1938
  • Lot area:0.26 Acres

Finances and disclosures

  • Price:$170,000

Parking

  • Garage:Yes
  • Garage spaces:2
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