614 E 21st Street, Indianapolis, IN 46202
Local realty services provided by:Schuler Bauer Real Estate ERA Powered
614 E 21st Street,Indianapolis, IN 46202
$475,000
- 4 Beds
- 4 Baths
- 2,432 sq. ft.
- Single family
- Active
Listed by: todd carpenter
Office: eddy properties, llc.
MLS#:22101364
Source:IN_MIBOR
Price summary
- Price:$475,000
- Price per sq. ft.:$195.31
About this home
Investor opportunity in the heart of Indianapolis! Welcome to 614 E 21st St, Indianapolis, IN 46202! Strong cash flow potential meets quality construction in this exceptional investment property located in one of Indianapolis' growing urban corridors. Whether you're expanding your rental portfolio, executing a house-hack strategy, or seeking a short-/mid-term rental opportunity, this asset offers multiple income streams and long-term upside. The primary residence is a well-appointed traditional home featuring upgraded finishes that attract quality tenants, including a modern kitchen with granite countertops, stainless steel appliances, dark cabinetry, an undermount sink, and a butler's pantry. Engineered hardwood flooring throughout the main level enhances durability and appeal, while the spacious layout supports strong rental demand. The upper-level primary suite includes premium finishes with a custom tiled shower, granite dual vanities, and an attractive bath design, while additional bathrooms offer comparable upgraded finishes-helping position the property above average rental inventory. The true value-add is the detached income-producing carriage house, creating a compelling multi-income opportunity. This separate unit includes private access, dedicated laundry, private patio, garage bay, and carport parking, making it highly marketable for long-term tenants, furnished rentals, guest housing, or owner-occupant offset income. Exterior amenities, including a private fenced backyard and large patio further increase tenant desirability and retention. Both units are currently occupied. The main house is leased until 9/30/2026, and the Carriage house is leased as a rental arbitrage until 7/31/2028 as an Airbnb. This property is professionally managed, and the current management company is interested in continuing to manage this property....
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Home facts
- Year built:2008
- Listing ID #:22101364
- Added:47 day(s) ago
- Updated:June 30, 2026 at 03:19 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:4
- Full bathrooms:3
- Half bathrooms:1
- Flooring:Hardwood Floors
- Dining Description:Formal Dining Room
- Kitchen Description:Dishwasher, Disposal, Electric Oven, Microwave, Refrigerator
- Living area:2,432 sq. ft.
Heating and cooling
- Cooling:Central Electric
- Heating:Electric, Forced Air
- Central air:Yes
Structure and exterior
- Year built:2008
- Building area:2,432 sq. ft.
- Lot area:0.19 Acres
- Construction Materials:Cement Siding
- Foundation Description:Slab
Utilities
- Water:Public Water
Finances and disclosures
- Price:$475,000
- Price per sq. ft.:$195.31
Features and amenities
- Appliances:Microwave, Refrigerator
Parking
- Garage:Yes
- Garage spaces:3
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