1230 Union Street, Indianapolis, IN 46225
Local realty services provided by:Better Homes and Gardens Real Estate Gold Key
1230 Union Street,Indianapolis, IN 46225
$615,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: barbara whiteside
Office: keller williams indy metro ne
MLS#:22133518
Source:IN_MIBOR | Licensed in Indiana
Price summary
- Price:$615,000
About this home
Experience an exceptional investment opportunity perfectly positioned near downtown Indianapolis, Bates-Hendricks & Fountain Square! This extensively renovated property offers 3 distinct living spaces-a beautifully updated duplex PLUS a separate studio-style carriage-house apartment above a detached 2-car garage-Currently utilized for short-term rentals in 2 of the 3 residences, this versatile property presents exciting possibilities for investors, business travelers, multigenerational living or an owner-occupant looking to offset expenses with rental income-Each spacious duplex residence features 2 bedrooms, BOTH with private ensuite bathrooms & walk-in closets, plus a convenient main-level half bath-Beautifully appointed kitchens showcase quartz countertops & gas stoves, while the bathrooms feature double vanities & custom showers-Inviting living & dining areas, mudrooms, upstairs laundry, finished basement recreation spaces & private balconies provide exceptional comfort & flexibility-The detached carriage-house offers its own open-concept living space with a designated garage space, sleeping area, kitchen & full bathroom-Outdoor spaces include private balconies & Privacy fence, while durable Hardie siding & the detached 2-car garage add even more appeal. Located near Eli Lilly HQ, Lucas Oil Stadium, Gainbridge Fieldhouse & the restaurants, nightlife & entertainment of Fountain Square, this location is ideal for experiencing everything Indianapolis has to offer-1232 & the carriage-house are currently utilized as Airbnb rentals, while 1230 is vacant & available for owner-occupancy or additional rental opportunities-With a good offer, the seller will consider including furnishings & appliances, including washers & dryers in all 3 units-Whether you're seeking a short-term rental investment, long-term rental portfolio addition or a high-end house hack, this property delivers 3 living spaces & impressive renovations & exceptional versatility near the heart of Indy....
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Home facts
- Year built:1920
- Subdivision & Development:Mccartys South Add
- Listing ID #:22133518
- Added:2 day(s) ago
- Updated:November 13, 2026 at 04:49 PM
Rooms and interior
- Basement:Yes
- Basement Description:Basement, Finished
Heating and cooling
- Cooling:Central Electric
- Heating:Forced Air
- Central air:Yes
Structure and exterior
- Roof:Asphalt
- Year built:1920
- Lot area:0.14 Acres
- Lot Features:Curbs, Mature Trees, Not In Subdivision, Sidewalks, Street Lights
- Construction Materials:Cement Siding
Schools
- High school:Arsenal Technical High School
- Middle school:James A Garfield School 31
Finances and disclosures
- Price:$615,000
Parking
- Garage:Yes
- Garage spaces:2
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