422 Orange Street, Indianapolis, IN 46225

Indianapolis
Local realty services provided by:Schuler Bauer Real Estate ERA Powered
422 Orange Street,Indianapolis, IN 46225
$320,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: sylva zhang
Office: @properties
MLS#:22133867
Source:IN_MIBOR | Licensed in Indiana

Price summary

  • Price:$320,000

About this home

Two units, freshly updated, in near-southside Indianapolis: 422 Orange Street is offered at $320,000. This home in the heart of Bates-Hendricks gives you two income streams, or the option to live in one unit and let the other help pay the mortgage. Together, the projected rents total $3,200/month ($38,400/year), which meets the 1% rule investors use for screening. The downstairs unit (est. $2,200/month) has three bedrooms, 1.5 baths and a full kitchen. It also has features most rentals can't offer: a fully fenced backyard for dogs, kids or gardening, and a detached garage with off-street parking and storage, which is especially valuable in an urban neighborhood. The upstairs unit (est. $1,000/month) has its own exterior entrance, a full bath, a bedroom with a generous closet, and an open-concept kitchen and living area. The current owner lived on the main level and rented the upstairs, so this setup has already been proven. The bathrooms were redone this year, and the home also has...

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Home facts

  • Year built:1955
  • Subdivision & Development:Bates
  • Listing ID #:22133867
  • Added:10 day(s) ago
  • Updated:November 08, 2026 at 04:20 PM

Rooms and interior

  • Basement:Yes
  • Basement Description:Basement

Heating and cooling

  • Cooling:Central Electric
  • Heating:Forced Air
  • Central air:Yes

Structure and exterior

  • Roof:Asphalt
  • Year built:1955
  • Lot area:0.1 Acres
  • Lot Features:Corner Lot, Curbs, Mature Trees, Not In Subdivision, Sidewalks, Storm Sewer, Street Lights, Zoned
  • Architectural Style:Craftsman
  • Construction Materials:Brick

Utilities

  • Water:Water
  • Sewer:Sewer

Finances and disclosures

  • Price:$320,000

Parking

  • Garage:Yes
  • Garage spaces:1
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