319 S Randolph Street, Indianapolis, IN 46201
Local realty services provided by:Schuler Bauer Real Estate ERA Powered
Listed by:peter stewart
Office:keller williams indpls metro n
MLS#:22035811
Source:IN_MIBOR
Price summary
- Price:$199,000
- Price per sq. ft.:$104.52
About this home
INVESTOR ALERT!! MASSIVE PRICE REDUCTION!! Turnkey, fully furnished, and already cash-flowing-welcome to 319 S Randolph St, an exceptional short-term rental opportunity just east of downtown Indianapolis. This stylishly renovated 2-bed, 1.5-bath ranch boasts 952 sq ft of living space plus a detached 2-car garage, and is nestled in a rapidly revitalizing neighborhood just minutes from Fountain Square, Mass Ave, Lucas Oil Stadium, and the $600M Community Justice Center. Professionally decorated and packed with charm, the home features original hardwood floors, exposed brick accents, an open-concept layout, and a fully fenced backyard. Currently operating as a short-term rental, this property generated over $41K in gross revenue in the last 18 months across Airbnb and VRBO, with average monthly revenue exceeding $2,300 and low operating costs around $720/month. It sleeps 5 comfortably and includes all furnishings, decor, and essentials, making it truly turnkey for investors-or perfect for an owner-occupant seeking an income-producing setup from day one. Whether you're looking to expand your STR portfolio or dive into the Indy market with a move-in-ready home, this one checks all the boxes. Offered at just $199,000 including everything-this is a rare find in one of Indy's fastest-growing neighborhoods. Don't miss your chance to own a proven performer in the heart of it all!
Contact an agent
Home facts
- Year built:1930
- Listing ID #:22035811
- Added:158 day(s) ago
- Updated:October 06, 2025 at 09:40 PM
Rooms and interior
- Bedrooms:2
- Total bathrooms:2
- Full bathrooms:1
- Half bathrooms:1
- Living area:952 sq. ft.
Heating and cooling
- Cooling:Central Electric
- Heating:Forced Air
Structure and exterior
- Year built:1930
- Building area:952 sq. ft.
- Lot area:0.1 Acres
Utilities
- Water:Public Water
Finances and disclosures
- Price:$199,000
- Price per sq. ft.:$104.52
New listings near 319 S Randolph Street
- New
$450,000Active4 beds 3 baths2,529 sq. ft.7975 Meadow Bend Circle, Indianapolis, IN 46259
MLS# 22063394Listed by: F.C. TUCKER COMPANY - New
$169,900Active3 beds 1 baths1,000 sq. ft.3117 Roseway Drive, Indianapolis, IN 46226
MLS# 22066305Listed by: F.C. TUCKER COMPANY - New
$167,000Active4 beds 5 baths2,360 sq. ft.1504 Fletcher Avenue, Indianapolis, IN 46203
MLS# 22066382Listed by: CARPENTER, REALTORS - New
$184,900Active2 beds 1 baths1,095 sq. ft.926 N Bancroft Street, Indianapolis, IN 46201
MLS# 22066657Listed by: CENTURY 21 SCHEETZ - New
$155,000Active3 beds 1 baths1,296 sq. ft.841 Woodrow Avenue, Indianapolis, IN 46241
MLS# 22066761Listed by: VIEWPOINT REALTY GROUP, LLC - New
$185,000Active3 beds 1 baths1,084 sq. ft.4241 Weaver Avenue, Indianapolis, IN 46227
MLS# 22066795Listed by: CENTURY 21 SCHEETZ - New
$120,000Active2 beds 2 baths953 sq. ft.1022 Udell Street, Indianapolis, IN 46208
MLS# 22066821Listed by: RE/MAX ADVANCED REALTY - New
$239,900Active3 beds 3 baths1,344 sq. ft.2021 Bradford Trace Boulevard, Indianapolis, IN 46229
MLS# 22066824Listed by: CARPENTER, REALTORS - Open Tue, 8am to 7pmNew
$264,000Active3 beds 2 baths1,482 sq. ft.3731 Owster Lane, Indianapolis, IN 46237
MLS# 22066833Listed by: OPENDOOR BROKERAGE LLC - New
$325,000Active3 beds 2 baths1,872 sq. ft.4903 Radnor Road, Indianapolis, IN 46226
MLS# 22063418Listed by: F.C. TUCKER COMPANY
Protect your home and budget with an American Home Shield© home warranty. Learn more© 2023 - 2025 ERA Franchise Systems LLC. All rights reserved. ERA Franchise Systems LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. ERA, ERA Real Estate powered, and their respective logos are registered service marks of ERA Franchise Systems LLC. Each office is independently owned and operated.