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$279,900

513 E 31st Street, Indianapolis IN, 46205

Price per sqftN/A
Built in1910
Property typeMulti-family
Courtesy of T&H Realty Services, Inc., Rosie Berzenye Listing Contact:

Overview

Active

Listed Jun 16, 2026

Updated 31h ago

Excellent duplex investment opportunity in the rapidly revitalizing Meridian Park/Boulevard Square area, surrounded by numerous renovated homes and ongoing redevelopment. Each side features 3 spacious bedrooms, 1 full bath with a tub/shower combination, durable LVP flooring throughout, and a full basement for additional storage. Both units offer a covered front porch, generous living room, separate dining area, full kitchen with ample cabinetry and counter space, and a rear deck. The functional floor plans and strong rental demand make this an attractive addition to any investment portfolio. Conveniently located with easy access to Fall Creek Parkway, providing quick commutes to Downtown Indianapolis and the Northside. Public transportation is just steps away, including IndyGo bus service and the Red Line. Unit 515 is currently vacant and is rent-ready, presenting an immediate value-add opportunity. Unit 513 is tenant-occupied at $1,050 per month with a lease in place through March 2027, providing stable income from day one. Major updates include a new roof (April 2022), new A/C units (April 2023), and Sewer line updated & cleanout installed in April 2026. A solid income-producing property in one of Indianapolis' fastest-growing neighborhoods.

$1,862/mo

Est. mortgage payment based on a $279,900 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
22105658

Interior Features

Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.07 Acres

Other Property Details

Municipality
Center

Listings courtesy of MIBOR Broker Listing Cooperative® as distributed by MLS GRID

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Brandy Holdeman shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Properties displayed may be listed or sold by various participants in the MLS.

Based on information submitted to the MLS GRID as of 10:13 PM UTC on 11/3/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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