405 N Keystone Avenue, Indianapolis, IN 46201

Indianapolis
Local realty services provided by:Better Homes and Gardens Real Estate Gold Key
405 N Keystone Avenue,Indianapolis, IN 46201
$489,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Pending
Listed by: tyler willis
Office: @properties
MLS#:22088820
Source:IN_MIBOR

Price summary

  • Price:$489,000

About this home

Turnkey investment opportunity in the heart of Indianapolis's growing urban core. This fully renovated duplex is a true multifamily asset featuring two large mirror-image units, each offering 3 bedrooms and 2.5 bathrooms-for a total of 6 bedrooms, 4 full baths, and 2 half baths. The property is fully leased and generating $4,320/month in rental income, providing immediate, stabilized cash flow from day one. Each unit welcomes tenants with a covered front porch and opens into bright living spaces with 9-foot ceilings, historic exposed brick, and open-concept layouts. Updated kitchens include stainless steel appliances, soft-close cabinetry, and butcher block countertops. The main level of each unit also features a guest half bath and in-unit washer & dryer hookups, enhancing tenant appeal and retention. Upstairs, both units offer two spacious bedrooms with walk-in closets and a shared full bath, leading to a private primary suite with vaulted ceilings, a large walk-in closet, and tiled...

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with a BHGRE®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a BHGRE®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (CENTURY 21® , Coldwell Banker® , Corcoran® , ERA® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1890
  • Listing ID #:22088820
  • Added:95 day(s) ago
  • Updated:June 16, 2026 at 07:28 AM

Rooms and interior

  • Basement:Yes
  • Basement Description:Basement, Cellar, Storage Space, Unfinished

Heating and cooling

  • Cooling:Central Electric
  • Heating:Forced Air, Heat Pump
  • Central air:Yes

Structure and exterior

  • Roof:Asphalt, Shingle
  • Year built:1890
  • Lot area:0.12 Acres
  • Foundation Description:Basement Wood, Block, Crawl Space

Utilities

  • Water:Water
  • Sewer:Sewer

Finances and disclosures

  • Price:$489,000

Features and amenities

  • Amenities:Storage, Sump Pump

Parking

  • Garage:Yes
  • Garage spaces:2
Copyright 2026 Metropolitan Indianapolis Board of Realtors. All rights reserved. Listings courtesy of Metropolitan Indianapolis Board of Realtors as distributed by MLS GRID. Metropolitan Indianapolis Board of Realtors provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. Metropolitan Indianapolis Board of Realtors will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of Metropolitan Indianapolis Board of Realtors.

New listings near 405 N Keystone Avenue