513 E 31st Street, Indianapolis, IN 46205
Local realty services provided by:Better Homes and Gardens Real Estate Gold Key
513 E 31st Street,Indianapolis, IN 46205
$289,900
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: rosie berzenye
Office: t&h realty services, inc.
MLS#:22105658
Source:IN_MIBOR
Price summary
- Price:$289,900
About this home
Excellent duplex investment opportunity in the rapidly revitalizing Meridian Park/Boulevard Square area, surrounded by numerous renovated homes and ongoing redevelopment. Each side features 3 spacious bedrooms, 1 full bath with a tub/shower combination, durable LVP flooring throughout, and a full basement for additional storage. Both units offer a covered front porch, generous living room, separate dining area, full kitchen with ample cabinetry and counter space, and a rear deck. The functional floor plans and strong rental demand make this an attractive addition to any investment portfolio. Conveniently located with easy access to Fall Creek Parkway, providing quick commutes to Downtown Indianapolis and the Northside. Public transportation is just steps away, including IndyGo bus service and the Red Line. Unit 515 is currently vacant and requires only minor cosmetic touches to be rent-ready, presenting an immediate value-add opportunity. Unit 513 is tenant-occupied at $1,050 per month with a lease in place through March 2027, providing stable income from day one. Major updates include a new roof (April 2022), new A/C units (April 2023), and Sewer line updated & cleanout installed in April 2026. A solid income-producing property in one of Indianapolis' fastest-growing neighborhoods....
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Home facts
- Year built:1910
- Subdivision & Development:Boulevard Square
- Listing ID #:22105658
- Added:45 day(s) ago
- Updated:July 31, 2026 at 04:28 PM
Rooms and interior
- Basement:Yes
- Basement Description:Basement, Unfinished
Heating and cooling
- Cooling:Central Electric, Separate Meters
- Heating:Forced Air
- Central air:Yes
Structure and exterior
- Year built:1910
- Lot area:0.07 Acres
- Lot Features:Busline, Curbs, Sidewalks
- Construction Materials:Brick, Vinyl Siding
- Foundation Description:Block, Full
Utilities
- Water:Water
- Sewer:Separate Sewer Meter
Finances and disclosures
- Price:$289,900
Features and amenities
- Amenities:Storage
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