228 N Tacoma Avenue, Indianapolis, IN 46201

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228 N Tacoma Avenue,Indianapolis, IN 46201
$179,900
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by:rolonda lolla
Office:austyn avenue real estate
MLS#:22062223
Source:IN_MIBOR

Price summary

  • Price:$179,900

About this home

Turnkey Duplex - One Side Leased at $700/Month, Other Side Vacant with $1,000/Month Potential or Owner-Occupy Option! Fantastic investment opportunity in Indianapolis! This 1-bedroom, 1-bathroom per side duplex with a full basement with 2 built out rooms is half occupied and currently generating $700/month in rental income. The other side is vacant and ready - with potential to rent for around $1,000/month or for you to move in and live while building equity. Convenient Location: Close to downtown Indy, shopping, dining, and major highways. The area is surrounded by remodeled and new construction homes, giving this property excellent long-term growth potential. Investor Friendly: One tenant already in place providing stability and cash flow from day one, with immediate upside potential on the vacant unit. At a list price of $179,900, this property meets the 1% rule, making it an attractive buy-and-hold investment. Bonus: The neighboring duplex at 224 N Tacoma Ave is also available.

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Home facts

  • Year built:1945
  • Listing ID #:22062223
  • Added:34 day(s) ago
  • Updated:October 15, 2025 at 01:28 PM

Heating and cooling

  • Cooling:Window Unit(s)

Structure and exterior

  • Roof:Shingle
  • Year built:1945
  • Lot area:0.12 Acres

Finances and disclosures

  • Price:$179,900
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