REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Hammed Lawal • IB REALTORS
$ 269,900
Est. payment /mo
Active
1058 W 31st ST Indianapolis, IN 46208
5,662 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Armstrong
MLS Listing ID 22105502
Year Built 1921
Tax Year 2024
Lot Size 5,662 Sqft
Acres 0.13
Property Sub-Type Duplex
Property Description
Don't miss this exceptional income-producing duplex offering two spacious 3-bedroom, 1.5-bath units a perfect opportunity for investors and aspiring house hackers alike. Thoughtfully updated and move-in ready, this property features central air, new entry doors, washer and dryer, updated appliances, brand-new attic insulation, and a roof that's less than one year old. The 1056 unit has also been freshly painted throughout, giving it a clean, modern feel that's ready for its next occupant. Whether you're looking to expand your investment portfolio or take advantage of the house hacking strategy by living in one unit while renting the other, this property checks all the boxes. With average rents in the area ranging from $1,300 to $1,450 per 3-bedroom unit, the income potential is outstanding. Conveniently located just minutes from I-65, you'll enjoy quick access to downtown and an easy commute to major employers, shopping, dining, and entertainment. As an added incentive, the seller is open to offering reasonable concessions with a full-price offer, creating additional value and flexibility for qualified buyers. Opportunities like this don't stay on the market for long. Whether you're an investor seeking strong cash flow or a buyer looking to offset your mortgage by renting one side, this turnkey duplex is ready to help you build long-term wealth through real estate.
Location
State IN
County Marion
Rooms
Basement Unfinished, Finished
Interior
Heating Forced Air
Cooling Central Air
Fireplace N
Building
Story Two
Foundation Brick/Mortar
Architectural Style Traditional
Structure Type Stone,Vinyl Siding
New Construction false
Schools
School District Indianapolis Public Schools
© 2026 All listing information is courtesy of MIBOR Broker Listing Cooperative(R) as distributed by MLS Grid. All rights reserved.
NEARBY SCHOOLS & PROPERTIES
What would my payment look like?
Use our home loan calculator to estimate your total mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment, and details about the home loan, to calculate your mortgage payment, schedule, and more.
Payment
Schedule
Your mortgage payments over 30 years will add up to $0.
Get more info from a local expert!
Filters Reset
Save Snapshot
View Results
MARKET SNAPSHOT
- ?Sold Listings
- ?Average Sales Price
- ?Average Days on Market
