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
$294,900
- - 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:$294,900
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....
Contact an agent
Home facts
- Year built:1910
- Listing ID #:22105658
- Added:1 day(s) ago
- Updated:June 17, 2026 at 02:48 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:$294,900
Features and amenities
- Amenities:Storage
New listings near 513 E 31st Street
- New
$219,000Active3 beds 1 baths1,424 sq. ft.715 Wallace Avenue, Indianapolis, IN 46201
MLS# 22108588Listed by: TRADITIONS REALTY, LLC - Open Sat, 2 to 4pmNew
$189,900Active2 beds 2 baths1,245 sq. ft.10951 Golden Harvest Way, Indianapolis, IN 46229
MLS# 22094203Listed by: F.C. TUCKER COMPANY - Open Sun, 12 to 2pmNew
$329,900Active4 beds 3 baths3,479 sq. ft.1136 Beal Court, Indianapolis, IN 46217
MLS# 22106845Listed by: CENTURY 21 SCHEETZ - New
$379,900Active4 beds 3 baths2,894 sq. ft.5820 Dan Patch Drive, Indianapolis, IN 46237
MLS# 22107286Listed by: CENTURY 21 SCHEETZ - New
$350,000Active5 beds 2 baths2,042 sq. ft.6984 Rodebaugh Road, Indianapolis, IN 46268
MLS# 22108467Listed by: F.C. TUCKER COMPANY - New
$282,000Active3 beds 2 baths1,624 sq. ft.6124 Emerald Commons Drive, Indianapolis, IN 46221
MLS# 22108308Listed by: ENVOY REAL ESTATE, LLC - New
Listed by BHGRE$180,000Active4 beds 3 baths2,480 sq. ft.1425 Churchman Avenue, Indianapolis, IN 46203
MLS# 22108474Listed by: BETTER HOMES AND GARDENS REAL ESTATE GOLD KEY - New
$239,900Active3 beds 4 baths1,682 sq. ft.5924 Allisonville, Indianapolis, IN 46220
MLS# 22106724Listed by: F.C. TUCKER COMPANY - New
$285,000Active3 beds 2 baths2,044 sq. ft.260 E Beecher Street, Indianapolis, IN 46225
MLS# 22108563Listed by: EPIQUE INC - New
$250,000Active3 beds 2 baths2,222 sq. ft.2229 W 60th Street, Indianapolis, IN 46228
MLS# 22108605Listed by: RED HOT, REALTORS LLC