1241 W 31st Street, Indianapolis, IN 46208

Local realty services provided by:Better Homes and Gardens Real Estate Gold Key
1241 W 31st Street,Indianapolis, IN 46208
$275,000
  • 6 Beds
  • 2 Baths
  • 1,628 sq. ft.
  • Single family
  • Active
Listed by: charlene gaard, robert gaard
Office: no limit real estate, llc.
MLS#:22073819
Source:IN_MIBOR

Price summary

  • Price:$275,000
  • Price per sq. ft.:$84.46

About this home

Looking for a high-yield investment opportunity? This 6-bed home in Indianapolis offers flexible rental potential with six private bedrooms, two full baths, and a layout well-suited for shared housing models. Positioned near Riverside Park and just minutes from IUPUI, downtown employers, and public transit routes, the location supports consistent demand for housing from students, workforce renters, and voucher holders. Zoned single-family, this property has a strong rental history and is currently vacant for immediate lease-up or minor value-add upgrades. Large common areas, full kitchen, and convenient street parking make it easy to configure as traditional or shared living. Newer roof and updated mechanicals provide peace of mind. Investors looking to maximize returns through Section 8, room-by-room, or co-living strategies will find this an adaptable asset in a high-demand corridor. Nearby properties show stable cash flow potential with proper management. No HOA.

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Home facts

  • Year built:1930
  • Listing ID #:22073819
  • Added:2 day(s) ago
  • Updated:November 20, 2025 at 10:41 PM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:2
  • Full bathrooms:2
  • Living area:1,628 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Year built:1930
  • Building area:1,628 sq. ft.
  • Lot area:0.12 Acres

Utilities

  • Water:Public Water

Finances and disclosures

  • Price:$275,000
  • Price per sq. ft.:$84.46
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