213 N Gray ST, Indianapolis, IN 46201
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213 N Gray ST, Indianapolis, IN 46201
213 N Gray ST, Indianapolis, IN 46201
213 N Gray ST, Indianapolis, IN 46201
213 N Gray ST, Indianapolis, IN 46201
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Randy Worrell

Randy Worrell

+1(317) 590-5709
Listed by Karanjod Cheema • Rize Commercial Realty LLC
$ 157,000
Est. payment /mo
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Pending

213 N Gray ST Indianapolis, IN 46201

6 Beds

3 Baths

3,213 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Pending

Purchase Type For Sale

Square Footage 3,213 sqft

Price per Sqft $48

Subdivision No Subdivision

MLS Listing ID 22114218

Bedrooms 6

Full Baths 2

Half Baths 1

HOA Y/N No

Year Built 1915

Tax Year 2025

Lot Size 5,227 Sqft

Acres 0.12

Property Sub-Type Single Family Residence

Property Description

Investor opportunity with immediate income and strong value-add potential! This side-by-side duplex features two spacious units, each with a private basement. Unit 213 offers 3 bedrooms and 1.5 bathrooms, while Unit 215 includes 3 bedrooms and 1 bathroom. The property also features a covered front porch and a spacious backyard. Conveniently located less than 3 miles from Downtown Indianapolis, the property provides easy access to employment centers, dining, entertainment, and major highways. Both units are tenant-occupied, with one tenant in place since 2022 and the other since 2023, generating a combined monthly rental income of $1,625. Current rents are below market rates, presenting an excellent opportunity for future rental increases and enhanced cash flow. Whether you're looking to expand your portfolio or add a value-add asset, this duplex offers outstanding investment potential.

Location

State IN

County Marion

Interior

Interior Features Hardwood Floors

Heating Natural Gas

Cooling Central Air

Fireplaces Number 2

Fireplaces Type Living Room

Fireplace Y

Appliance Other

Exterior

Water Access Desc Public

Building

Story Two

Foundation Concrete Perimeter

Water Public

Architectural Style Traditional

Structure Type Vinyl With Brick

New Construction false

Schools

School District Indianapolis Public Schools

MIBOR MLS
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Randy Worrell

Randy Worrell

Broker

+1(317) 590-5709

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213 N Gray ST