818 N Drexel Avenue, Indianapolis, IN 46201

Local realty services provided by:Schuler Bauer Real Estate ERA Powered
818 N Drexel Avenue,Indianapolis, IN 46201
$280,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by:charlene gaard
Office:no limit real estate, llc.
MLS#:22069958
Source:IN_MIBOR

Price summary

  • Price:$280,000

About this home

Investor Alert! This income-producing duplex in Christian Park is the ideal blend of cash flow, location, and long-term upside. Just a few blocks from historic Irvington and minutes from downtown Indianapolis, this property sits in a strong rental market with growing demand and neighborhood revitalization underway. Both units are mirror layouts, offering 2 bedrooms and 1 bathroom each, with approximately 988 sq ft per side. Tenants will appreciate spacious rooms, laundry hookups in the shared basement, and convenient access to parks, coffee shops, and public transportation. The property features separate gas heat and hot water, brick and vinyl siding, and is nestled on a quiet, tree-lined street with sidewalks - ideal for long-term residents. With market rents estimated at $1,000-$1,200 per unit, this duplex can generate $24,000-$28,800 annually in gross income. Combined with low property taxes ($1,049/year) and minimal operating expenses, the estimated Net Operating Income is

Contact an agent

contact an agent

Yes, I would like more information from ERA®. Please use and/or share my information with an ERA affiliated agent to contact me about my real estate needs. By clicking Send message, I agree an ERA affiliated agent may contact me by phone or text message including by automated means about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1925
  • Listing ID #:22069958
  • Added:1 day(s) ago
  • Updated:October 25, 2025 at 11:42 PM

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Year built:1925
  • Lot area:0.1 Acres

Utilities

  • Sewer:Storm Sewer

Finances and disclosures

  • Price:$280,000
Copyright 2025 Metropolitan Indianapolis Board of Realtors. All rights reserved. Listings courtesy of Metropolitan Indianapolis Board of Realtors as distributed by MLS GRID. Metropolitan Indianapolis Board of Realtors provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. Metropolitan Indianapolis Board of Realtors will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of Metropolitan Indianapolis Board of Realtors.

New listings near 818 N Drexel Avenue