818 N Drexel Avenue, Indianapolis, IN 46201

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818 N Drexel Avenue,Indianapolis, IN 46201
$280,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: charlene gaard, robert 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

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Home facts

  • Year built:1925
  • Listing ID #:22069958
  • Added:56 day(s) ago
  • Updated:December 17, 2025 at 10:28 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
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