614 E 21st ST, Indianapolis, IN 46202
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614 E 21st ST, Indianapolis, IN 46202
614 E 21st ST, Indianapolis, IN 46202
614 E 21st ST, Indianapolis, IN 46202
614 E 21st ST, Indianapolis, IN 46202
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Jeff Landers

Jeff Landers

+1(317) 750-9767
Listed by Todd Carpenter • Eddy Properties, LLC
$ 470,000
Est. payment /mo
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Active

614 E 21st ST Indianapolis, IN 46202

4 Beds

4 Baths

2,432 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,432 sqft

Price per Sqft $193

Subdivision Tab One L3

MLS Listing ID 22101364

Bedrooms 4

Full Baths 3

Half Baths 1

HOA Y/N No

Year Built 2008

Tax Year 2024

Lot Size 8,276 Sqft

Acres 0.19

Property Sub-Type Single Family Residence

Property Description

Investor opportunity in the heart of Indianapolis! Welcome to 614 E 21st St, Indianapolis, IN 46202! Strong cash flow potential meets quality construction in this exceptional investment property located in one of Indianapolis' growing urban corridors. Whether you're expanding your rental portfolio, executing a house-hack strategy, or seeking a short-/mid-term rental opportunity, this asset offers multiple income streams and long-term upside. The primary residence is a well-appointed traditional home featuring upgraded finishes that attract quality tenants, including a modern kitchen with granite countertops, stainless steel appliances, dark cabinetry, an undermount sink, and a butler's pantry. Engineered hardwood flooring throughout the main level enhances durability and appeal, while the spacious layout supports strong rental demand. The upper-level primary suite includes premium finishes with a custom tiled shower, granite dual vanities, and an attractive bath design, while additional bathrooms offer comparable upgraded finishes-helping position the property above average rental inventory. The true value-add is the detached income-producing carriage house, creating a compelling multi-income opportunity. This separate unit includes private access, dedicated laundry, private patio, garage bay, and carport parking, making it highly marketable for long-term tenants, furnished rentals, guest housing, or owner-occupant offset income. Exterior amenities, including a private fenced backyard and large patio further increase tenant desirability and retention. Both units are currently occupied. The main house is leased until 9/30/2026, and the Carriage house is leased as a rental arbitrage until 7/31/2028 as an Airbnb. This property is professionally managed, and the current management company is interested in continuing to manage this property.

Location

State IN

County Marion

Interior

Interior Features Breakfast Bar, Hardwood Floors, Pantry

Heating Electric, Forced Air

Cooling Central Air

Fireplace N

Appliance Dishwasher, Electric Water Heater, Disposal, Microwave, Electric Oven, Refrigerator

Exterior

Garage Spaces 3.0

Water Access Desc Public

Building

Story Two

Foundation Slab

Water Public

Architectural Style Traditional

Structure Type Cement Siding

New Construction false

Schools

School District Indianapolis Public Schools

MIBOR MLS
© 2026 All listing information is courtesy of MIBOR Broker Listing Cooperative(R) as distributed by MLS Grid. All rights reserved.

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Jeff Landers

Jeff Landers

Real Estate Advisor | License ID: RB14050540

+1(317) 750-9767

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By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of Jeff Landers, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

I simply cannot recommend Jeff enough to anyone considering buying or selling a home. My experience with him selling my first house has confirmed in my mind that he is absolutely the best in the business. Not only is Jeff outstandingly professional, knowledgeable and experienced but he constantly and consistently went above and beyond for me during this process. His willingness to listen to me when I was panicking and calm me down and go to bat for me in difficult situations is something I am incredibly grateful for. I trust Jeff implicitly and was never steered wrong throughout the entire process. 5 stars is not enough to express my gratitude and stellar experience with Jeff.

RebeccaRoy0

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614 E 21st ST