5023 S Walcott Street, Indianapolis, IN 46227

Indianapolis
Local realty services provided by:Better Homes and Gardens Real Estate Gold Key
5023 S Walcott Street,Indianapolis, IN 46227
$199,000
Virtual Tour
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: peter stewart
Office: keller williams indpls metro n
MLS#:22128100
Source:IN_MIBOR | Licensed in Indiana

Price summary

  • Price:$199,000

About this home

Attention investors! 5023 S Walcott St is a well-maintained, all-brick side-by-side duplex in the quiet Edgewood neighborhood on Indianapolis' south side, within the highly rated Perry Township school system. Both mirror-image units offer 2 bedrooms, 1 bath, and 879 sq ft, with spacious living rooms, eat-in kitchens, laundry rooms, central heat and AC, covered front porches, long concrete driveways, and private backyard storage sheds. Both units are tenant occupied at $1,050/mo each, generating $2,100/mo in gross rent and exceeding the coveted 1% rule! Leases run through 2027 (3/31 & 5/14), utilities are separately metered and tenant-paid, and tenants are also responsible for lawn care, helping keep landlord expenses low. The property sits on a deep, flat .67-acre lot with a peaceful backyard, mature trees, nature views, and a communal fire pit. City water, septic, and no HOA. Roof is estimated at approximately 12 years old and HVAC systems at 14 years old, with everything currently...

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Home facts

  • Year built:1969
  • Subdivision & Development:No Subdivision
  • Listing ID #:22128100
  • Added:1 day(s) ago
  • Updated:October 08, 2026 at 03:50 AM

Heating and cooling

  • Cooling:Central Electric
  • Heating:Forced Air
  • Central air:Yes

Structure and exterior

  • Roof:Asphalt
  • Year built:1969
  • Lot area:0.67 Acres
  • Lot Features:Mature Trees
  • Architectural Style:Ranch
  • Construction Materials:Brick
  • Exterior Features:Storage Shed
  • Foundation Description:Slab

Utilities

  • Sewer:Separate Sewer Meter, Septic System

Finances and disclosures

  • Price:$199,000

Features and amenities

  • Amenities:Storage
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