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Listed by Charlene Gaard • No Limit Real Estate, LLC
$ 205,000
Est. payment /mo
New
4502 Kingsley DR Indianapolis, IN 46205
5,662 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Montrose
MLS Listing ID 22045106
Year Built 1920
Tax Year 2024
Lot Size 5,662 Sqft
Acres 0.13
Property Sub-Type Duplex
Property Description
Incredible investment opportunity in one of Indianapolis's hottest neighborhoods - South Broad Ripple! This classic 1920 duplex, located at 4502-4504 Kingsley Dr, offers two well-laid-out 1 bed, 1 bath units with approximately 704 sq ft each. Whether you're looking to house hack or expand your rental portfolio, this property delivers. One side is currently leased at $865/month - well below market rent - while the other side is vacant and ready for immediate occupancy or new tenants at higher rates. Nestled in the charming Montrose subdivision, the duplex sits on a 5,576 sq ft lot and offers a great blend of urban energy and residential peace. South Broad Ripple is renowned for its walkability, vibrant dining scene, coffee shops, parks, and trails. Investors will love the steady demand and strong upside potential in rental income, especially in this high-growth area. With property taxes under $900/year and no HOA fees, your operating costs stay low. Priced at just $205,000 - only $102,500 per unit - this duplex is a rare find for the location and returns. Zoned for Indianapolis Public Schools and offering fast access to downtown, the Monon Trail, and Keystone at the Crossing, this is a location that tenants will love. Don't miss your chance to capitalize on a solid, cash-flowing asset with immediate value-add potential. 4502-4504 Kingsley Dr is a savvy buy in a booming rental market!
Location
State IN
County Marion
Interior
Fireplace N
Building
Story One
New Construction false
Schools
School District Indianapolis Public Schools
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