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Janko Realty Group
228 N Tacoma Avenue, Indianapolis, IN 46201
- $140,000
- Sold Price
- $140,000
- List Price
- $174,900
- Closing Date
- Apr 16, 2026
- MLS#
- 22062223
- Days on Market
- 218
- Status
- SOLD
Property Description
Turnkey Duplex - One Side Leased at $700/Month, Other Side Vacant with $1,000/Month Potential or Owner-Occupy Option! Fantastic investment opportunity in Indianapolis! This 1-bedroom, 1-bathroom per side duplex with a full basement with 2 built out rooms is half occupied and currently generating $700/month in rental income. The other side is vacant and ready - with potential to rent for around $1,000/month or for you to move in and live while building equity. Convenient Location: Close to downtown Indy, shopping, dining, and major highways. The area is surrounded by remodeled and new construction homes, giving this property excellent long-term growth potential. Investor Friendly: One tenant already in place providing stability and cash flow from day one, with immediate upside potential on the vacant unit. At a list price of $179,900, this property meets the 1% rule, making it an attractive buy-and-hold investment. Bonus: The neighboring duplex at 224 N Tacoma Ave is also available. Prefer to sell both as a package, giving you the rare chance to own two side-by-side income-producing properties.
Additional Information
- Tenant Pays
- All Utilities, Electricity, Gas, Insurance, Water
- Basement
- Storage Space, Unfinished, Partially Finished
- Foundation
- Block
- Stories
- One
- Architecture
- Bungalow
- Acres
- 0.12
- Heat
- Natural Gas
- Cooling
- Window Unit(s)
- Financing
- Conventional, VA
- Region
- Center
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Listing courtesy of Austyn Avenue Real Estate. Selling Office: Keller Williams Indy Metro S.
Information Deemed Reliable But Not Guaranteed. © 2026 MIBOR Broker Listing Cooperative