228 N Tacoma Avenue, Indianapolis, IN 46201
Local realty services provided by:Better Homes and Gardens Real Estate Gold Key
228 N Tacoma Avenue,Indianapolis, IN 46201
$179,900
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by:rolonda lolla
Office:austyn avenue real estate
MLS#:22062223
Source:IN_MIBOR
Price summary
- Price:$179,900
About this home
Turnkey Duplex - One Side Leased at $800/Month, Other Side Vacant with $1,000/Month Potential or Owner-Occupy Option! Fantastic investment opportunity in Indianapolis! This 1-bedroom, 1-bathroom per side duplex with a full basement with 2 built out rooms is half occupied and currently generating $800/month in rental income. The other side is vacant and ready - with potential to rent for around $1,000/month or for you to move in and live while building equity. Convenient Location: Close to downtown Indy, shopping, dining, and major highways. The area is surrounded by remodeled and new construction homes, giving this property excellent long-term growth potential. Investor Friendly: One tenant already in place providing stability and cash flow from day one, with immediate upside potential on the vacant unit. At a list price of $179,900, this property meets the 1% rule, making it an attractive buy-and-hold investment. Bonus: The neighboring duplex at 224 N Tacoma Ave is also available. Prefer to sell both as a package, giving you the rare chance to own two side-by-side income-producing properties.
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Home facts
- Year built:1945
- Listing ID #:22062223
- Added:5 day(s) ago
- Updated:September 16, 2025 at 03:07 PM
Heating and cooling
- Cooling:Window Unit(s)
Structure and exterior
- Roof:Shingle
- Year built:1945
- Lot area:0.12 Acres
Finances and disclosures
- Price:$179,900
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