5609 E 38th Street, Indianapolis, IN 46218
Local realty services provided by:Better Homes and Gardens Real Estate Gold Key
5609 E 38th Street,Indianapolis, IN 46218
$89,900
- 3 Beds
- 1 Baths
- 1,244 sq. ft.
- Single family
- Active
Listed by:anthony burris
Office:resilient realty investments
MLS#:22058280
Source:IN_MIBOR
Price summary
- Price:$89,900
- Price per sq. ft.:$36.13
About this home
Investor opportunity on Indy's east side. This 3-bedroom, 1.5-bath ranch offers solid rental history and strong mechanical updates. Currently tenant-occupied at $925/month, with a 60-day notice to vacate already issued. Property will be sold as-is and requires cosmetic updates, making it ideal for investors seeking value-add potential. Recent improvements include newer furnace, updated water heater, plumbing cleanout, and upgraded gas line. Private driveway and covered carport provide convenient off-street parking. The full unfinished basement offers significant upside-finish it to add living space, increase rental income, or boost resale value. Located near public transit, library, and shops. This functional layout makes this a smart addition to any portfolio. Estimated market rent post-renovation is $1,300-$1,450/month.
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Home facts
- Year built:1954
- Listing Id #:22058280
- Added:1 day(s) ago
- Updated:August 22, 2025 at 02:41 AM
Rooms and interior
- Bedrooms:3
- Total bathrooms:1
- Full bathrooms:1
- Living area:1,244 sq. ft.
Heating and cooling
- Cooling:Window Unit(s)
- Heating:Forced Air
Structure and exterior
- Year built:1954
- Building area:1,244 sq. ft.
- Lot area:0.13 Acres
Utilities
- Water:Public Water
Finances and disclosures
- Price:$89,900
- Price per sq. ft.:$36.13
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