316 W 29th ST new Save Request In-Person Tour Request Virtual Tour
Indianapolis,IN 46208
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Burton & Campbells Park Place Add
MLS Listing ID 22029895
Year Built 1920
Tax Year 2023
Lot Size 3,920 Sqft
Property Sub-Type Duplex
Property Description
Turnkey Duplex in Up-and-Coming Highland Vicinity - Strong Investment Potential! Located at 316 W 29th St, Indianapolis, this well-maintained duplex offers an excellent opportunity for investors seeking monthly cash flow and long-term appreciation. Situated in the Highland Vicinity neighborhood, this area is beginning to see revitalization and sits just minutes from some of Indy's top destinations. You're within a 5-minute drive of the massive $4.3B IU Health Hospital expansion and less than 10 minutes from downtown Indy. Also nearby is the Children's Museum, Art Museum, Monon Trail, State Fairgrounds, Marian University, Ivy Tech, Butler University, the Indianapolis Zoo, Eiteljorg Museum, and more. The Red Line bus system runs right by the property, offering even more convenience for tenants. The duplex was fully renovated approximately 5 years ago, including a new roof, HVAC systems, water heaters, windows, flooring, paint, and additional upgrades. Utilities are separately metered, and there are two off-street parking spots in the rear. With minimal yard space, exterior maintenance is a breeze. One unit is currently tenant-occupied ($650/mo exp 3/31/26), and the other is vacant, with professional management in place (Wilmoth Group) actively marketing it for lease. Utilities are separately metered and paid by the tenants. The vacant unit also makes this property a potential fit for an owner-occupant house hacker looking to offset living costs. Don't miss your chance to own a solid, low-maintenance asset in a growing area of Indianapolis!
Location
State IN
County Marion
Interior
Cooling Central Electric
Exterior
View Y/N false
Building
Story Two
Foundation Block
New Construction false
Schools
School District Indianapolis Public Schools
Others
Virtual Tour https://indy-realty-pics.aryeo.com/sites/wemlxjp/unbranded