438 Jefferson Avenue, Indianapolis, IN 46201

Indianapolis
Local realty services provided by:Schuler Bauer Real Estate ERA Powered
438 Jefferson Avenue,Indianapolis, IN 46201
$489,900
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: danielle shouse
Office: shouse realty group llc.
MLS#:22082984
Source:IN_MIBOR

Price summary

  • Price:$489,900

About this home

This fully leased duplex, just minutes from downtown Indianapolis, sits in a lively, up-and-coming neighborhood. Updated in 2023, it offers immediate cash flow and strong income potential, with current rents still under market rates. Each unit has 3 bedrooms, 1.5 baths, a living and dining room, plus a laundry room with included appliances. The unfinished basement adds storage or future upgrade options. Outside, there's a covered front porch and fenced backyards, each private to its unit-perfect for long-term tenants. Close to downtown, dining, and entertainment, it's a great pick for investors seeking a solid property with room to grow. Tenants pay all utilities except water, which is covered by the owner. Showings require 48 hours' notice.

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Home facts

  • Year built:1902
  • Listing ID #:22082984
  • Added:49 day(s) ago
  • Updated:March 29, 2026 at 02:53 PM

Rooms and interior

  • Basement:Yes
  • Basement Description:Basement, Unfinished

Heating and cooling

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

Structure and exterior

  • Roof:Shingle
  • Year built:1902
  • Lot area:0.17 Acres
  • Construction Materials:Vinyl Siding, Wood Siding

Finances and disclosures

  • Price:$489,900
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