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#:22125729
Source:IN_MIBOR | Licensed in Indiana

Price summary

  • Price:$170,000

About this home

This 2-bedroom, 2-bath duplex offers an excellent opportunity for an investor looking to add to their portfolio. The property also includes an additional vacant lot, creating exciting potential for future development. The additional lot could be an ideal location for a second duplex, subject to zoning, setbacks, utilities, permits, and buyer due diligence. Whether you're looking for an income-producing property, a value-add investment, or an opportunity to expand your rental portfolio, this property offers plenty of possibilities. Live in one unit, rent the other, or maximize the potential of both parcels. Opportunities like this don't come along often an existing duplex plus additional land for potential future development!

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Home facts

  • Year built:1938
  • Subdivision & Development:L C Coburns Sub J F
  • Listing ID #:22125729
  • Added:5 day(s) ago
  • Updated:September 17, 2026 at 03:52 PM

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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