421 Villa Avenue, Indianapolis, IN 46201

Indianapolis
Local realty services provided by:Better Homes and Gardens Real Estate Gold Key
421 Villa Avenue,Indianapolis, IN 46201
$149,000
Virtual Tour
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: peter stewart
Office: keller williams indpls metro n
MLS#:22088932
Source:IN_MIBOR

Price summary

  • Price:$149,000

About this home

Investor and owner-occupant opportunity at 421-423 Villa Ave in Indianapolis! This side-by-side ranch duplex features two mirror-image units, each offering 1 bed, 1 bath, and approximately 593 sq ft. The 421 side is tenant-occupied at $789/month on a month-to-month lease (tenant pays gas/electric and handles lawn care; owner pays water/sewer), while the 423 side has just undergone turnover and is move-in or rent-ready. At full occupancy, the property is projected to exceed the coveted 1% rule, with market rents estimated at $800-$850 per side . Utilities are efficiently configured with separately metered gas and electric and a shared water/sewer meter. Strategically located on the southeast side of downtown in a pocket between Fountain Square and the Near Eastside, this C+ area is experiencing steady revitalization with new builds and renovations sprinkled throughout. Just minutes from downtown and the $600M Community Justice Campus, the location supports strong rental demand and...

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Home facts

  • Year built:1920
  • Listing ID #:22088932
  • Added:1 day(s) ago
  • Updated:April 24, 2026 at 03:37 AM

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Roof:Asphalt
  • Year built:1920
  • Lot area:0.1 Acres
  • Lot Features:Corner Lot
  • Architectural Style:Ranch
  • Construction Materials:Vinyl Siding
  • Foundation Description:Crawl Space

Finances and disclosures

  • Price:$149,000
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