25 S Spencer Avenue, Indianapolis, IN 46219
Local realty services provided by:Better Homes and Gardens Real Estate Gold Key
25 S Spencer Avenue,Indianapolis, IN 46219
$299,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Pending
Listed by: peter stewart
Office: keller williams indpls metro n
MLS#:22063449
Source:IN_MIBOR
Price summary
- Price:$299,000
About this home
Welcome to 23-25 Spencer Ave, a classic side-by-side duplex in the heart of Historic Irvington, one of Indy's most treasured neighborhoods known for its tree-lined streets, unique shops, Ellenberger Park, Pleasant Run Golf Course, the Pennsy Trail, and quick 15-minute access to downtown. Each unit mirrors the other with 3 bedrooms, 1.5 baths, and 1,544 sq ft of living space plus a full unfinished basement with laundry hookups, as well as a covered front porch, original hardwood floors, arched doorway with built-ins, and a decorative fireplace that showcase timeless character. The kitchens feature stainless steel appliances and a convenient main-level half bath, while upstairs you'll find more original hardwood flooring and a full bath serving the bedrooms. Both units have their own bay of the detached two-car garage, and all utilities are separately metered and paid by the tenants-minimizing owner expenses. Recent updates include newer HVAC systems (2022 & 2025) and full electrical rewiring (2022). Unit 23 is vacant and ready to show. Unit 25 is leased for $1,200/mo through 2/28/26, providing immediate income with strong upside potential as 3-bedroom market rents in the area are projected around $1,500+. A spacious shared attic presents an additional opportunity for expansion. With one unit recently available, it's also ideal for an owner-occupant looking to house hack in a thriving community that blends historic charm with ongoing revitalization. Rarely does a property offer such a strong mix of stability, cash flow, and growth potential in such a sought-after neighborhood!
Contact an agent
Home facts
- Year built:1924
- Listing ID #:22063449
- Added:51 day(s) ago
- Updated:November 15, 2025 at 09:06 AM
Heating and cooling
- Cooling:Central Electric
- Heating:Forced Air
Structure and exterior
- Year built:1924
- Lot area:0.24 Acres
Finances and disclosures
- Price:$299,000
New listings near 25 S Spencer Avenue
- New
$84,000Active0.57 Acres246 Melissa Ann Court, Indianapolis, IN 46234
MLS# 22071116Listed by: BLUPRINT REAL ESTATE GROUP - New
$199,500Active2 beds 1 baths1,131 sq. ft.48 Bankers Lane, Indianapolis, IN 46201
MLS# 22073472Listed by: ASSET ONE REAL ESTATE COMPANY - New
$150,000Active4 beds 1 baths1,116 sq. ft.5101 Clarendon Road, Indianapolis, IN 46208
MLS# 22073558Listed by: TRUEBLOOD REAL ESTATE - New
$150,000Active2 beds 1 baths844 sq. ft.1852 N Audubon Road, Indianapolis, IN 46218
MLS# 22073194Listed by: AMR REAL ESTATE LLC - New
$395,000Active3 beds 3 baths2,580 sq. ft.325 Sanders Street, Indianapolis, IN 46225
MLS# 22073538Listed by: RED DOOR REAL ESTATE - Open Sun, 12 to 2pmNew
$338,800Active4 beds 3 baths2,407 sq. ft.6109 Tolliston Drive, Indianapolis, IN 46236
MLS# 22073543Listed by: @HOME INDIANA - New
$35,000Active1.54 Acres2422 Nicolai Street, Indianapolis, IN 46239
MLS# 202546171Listed by: UPTOWN REALTY GROUP - New
$265,000Active3 beds 2 baths1,264 sq. ft.8113 Rambling Road, Indianapolis, IN 46239
MLS# 22073487Listed by: THE STEWART HOME GROUP - New
$395,000Active4 beds 4 baths4,276 sq. ft.4377 Kessler Boulevard North Drive, Indianapolis, IN 46228
MLS# 22073530Listed by: CROSSROADS LINK REALTY - New
$259,000Active3 beds 2 baths1,568 sq. ft.4013 Mistletoe Drive, Indianapolis, IN 46237
MLS# 22073535Listed by: YOUR REALTY LINK, LLC