213 N Gray Street, Indianapolis, IN 46201

Indianapolis
Local realty services provided by:Better Homes and Gardens Real Estate Gold Key
213 N Gray Street,Indianapolis, IN 46201
$157,000
  • 6 Beds
  • 3 Baths
  • 2,856 sq. ft.
  • Single family
  • Pending
Listed by: karanjod cheema
Office: rize commercial realty llc.
MLS#:22114218
Source:IN_MIBOR

Price summary

  • Price:$157,000
  • Price per sq. ft.:$48.86

About this home

Investor opportunity with immediate income and strong value-add potential! This side-by-side duplex features two spacious units, each with a private basement. Unit 213 offers 3 bedrooms and 1.5 bathrooms, while Unit 215 includes 3 bedrooms and 1 bathroom. The property also features a covered front porch and a spacious backyard. Conveniently located less than 3 miles from Downtown Indianapolis, the property provides easy access to employment centers, dining, entertainment, and major highways. Both units are tenant-occupied, with one tenant in place since 2022 and the other since 2023, generating a combined monthly rental income of $1,625. Current rents are below market rates, presenting an excellent opportunity for future rental increases and enhanced cash flow. Whether you're looking to expand your portfolio or add a value-add asset, this duplex offers outstanding investment potential.

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Home facts

  • Year built:1915
  • Subdivision & Development:No Subdivision
  • Listing ID #:22114218
  • Added:21 day(s) ago
  • Updated:August 06, 2026 at 08:20 AM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:3
  • Full bathrooms:2
  • Half bathrooms:1
  • Flooring:Hardwood Floors
  • Dining Description:Formal Dining Room
  • Basement:Yes
  • Basement Description:Basement
  • Living area:2,856 sq. ft.

Heating and cooling

  • Cooling:Central Electric
  • Central air:Yes

Structure and exterior

  • Year built:1915
  • Building area:2,856 sq. ft.
  • Lot area:0.12 Acres
  • Construction Materials:Vinyl With Brick
  • Foundation Description:Concrete Perimeter

Utilities

  • Water:Public Water

Finances and disclosures

  • Price:$157,000
  • Price per sq. ft.:$48.86
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