319 S Randolph Street, Indianapolis, IN 46201
Local realty services provided by:Better Homes and Gardens Real Estate Gold Key
Listed by:peter stewart
Office:keller williams indpls metro n
MLS#:22035811
Source:IN_MIBOR
Price summary
- Price:$199,000
- Price per sq. ft.:$104.52
About this home
INVESTOR ALERT!! MASSIVE PRICE REDUCTION!! Turnkey, fully furnished, and already cash-flowing-welcome to 319 S Randolph St, an exceptional short-term rental opportunity just east of downtown Indianapolis. This stylishly renovated 2-bed, 1.5-bath ranch boasts 952 sq ft of living space plus a detached 2-car garage, and is nestled in a rapidly revitalizing neighborhood just minutes from Fountain Square, Mass Ave, Lucas Oil Stadium, and the $600M Community Justice Center. Professionally decorated and packed with charm, the home features original hardwood floors, exposed brick accents, an open-concept layout, and a fully fenced backyard. Currently operating as a short-term rental, this property generated over $41K in gross revenue in the last 18 months across Airbnb and VRBO, with average monthly revenue exceeding $2,300 and low operating costs around $720/month. It sleeps 5 comfortably and includes all furnishings, decor, and essentials, making it truly turnkey for investors-or perfect for an owner-occupant seeking an income-producing setup from day one. Whether you're looking to expand your STR portfolio or dive into the Indy market with a move-in-ready home, this one checks all the boxes. Offered at just $199,000 including everything-this is a rare find in one of Indy's fastest-growing neighborhoods. Don't miss your chance to own a proven performer in the heart of it all!
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Home facts
- Year built:1930
- Listing ID #:22035811
- Added:158 day(s) ago
- Updated:October 07, 2025 at 07:41 AM
Rooms and interior
- Bedrooms:2
- Total bathrooms:2
- Full bathrooms:1
- Half bathrooms:1
- Living area:952 sq. ft.
Heating and cooling
- Cooling:Central Electric
- Heating:Forced Air
Structure and exterior
- Year built:1930
- Building area:952 sq. ft.
- Lot area:0.1 Acres
Utilities
- Water:Public Water
Finances and disclosures
- Price:$199,000
- Price per sq. ft.:$104.52
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