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
  • Active
Upcoming open houses
  • Sat, May 02
    12:00 pm - 02:00 pm
  • Sun, May 03
    02:00 pm - 04:00 pm
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...

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Home facts

  • Year built:1890
  • Listing ID #:22088820
  • Added:50 day(s) ago
  • Updated:May 02, 2026 at 02:51 PM

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
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