1714 Union Street, Indianapolis, IN 46225
Local realty services provided by:Better Homes and Gardens Real Estate Gold Key
1714 Union Street,Indianapolis, IN 46225
$349,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: lindsey winkhart
Office: re/max advanced realty
MLS#:22078411
Source:IN_MIBOR
Price summary
- Price:$349,000
About this home
Welcome to 1714 Union St, a strong-performing duplex investment located in the desirable Old Southside neighborhood, just steps from the continued growth and demand of Bates-Hendricks. This flexible asset produces $3,425/mo ($41,100/ yr) & offers multiple income strategies ideal for investors seeking above-market cash flow with long-term upside. Unit 1 is a traditional and spacious 2-bedroom, 1-bath apartment featuring high ceilings, large eat-in kitchen, formal dining room, laundry room, hardwood floors, & comfortable layout. Providing stable income at $1,150/mo which can easily bring in more based on the market rent for the area. Unit 2 is configured for by-the-room rental, maximizing income potential. This unit includes a shared kitchen &1 full bathroom (common area), 1 ensuite bedroom w/ a private full bath, and 2 additional bedrooms, with 1 currently utilized as a large double room. Total rent for Unit 2 is $2,275 per month, broken down as follows: Ensuite bedroom: $575/month, Large (double) bedroom: $600/month, other 2 bedrooms: $550/month each. However, Unit 2 could easily be rented as a 4 bed 2 full bath whole unit instead. The property has seen key updates that enhance durability and reduce future capital expenses, including updated electrical and plumbing, new Hardie siding, and a furnace approximately five years old. The fully chain-link fenced yard adds functionality & tenant appeal. With strong in-place income, a proven rental model, and a prime location near one of Indianapolis' most active redevelopment areas, 1714 Union St presents an exceptional opportunity for investors looking to acquire a cash-flow-focused property with built-in flexibility.
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Home facts
- Year built:1900
- Listing ID #:22078411
- Added:49 day(s) ago
- Updated:February 25, 2026 at 02:49 AM
Heating and cooling
- Cooling:Wall Unit(s)
- Heating:Forced Air
Structure and exterior
- Roof:Shingle
- Year built:1900
- Lot area:0.13 Acres
Finances and disclosures
- Price:$349,000
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