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223 W 31st Street, Indianapolis, IN 46208

$114,000
: 3
BD
: 2
BA
: 2,161
SqFt

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Sold Price: $114,000
List Price: $119,999
Closing Date: Apr 08, 2026
MLS#: 22066702
Property Type: Residential
Bedrooms: 3
Bathrooms: 2
Sqft. of Residence: 2,161
Year Built: 1920
Days on Market: 181
Status: SOLD

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Property Description

Charming and well-maintained property located in the heart of Indianapolis! This home is currently tenant-occupied, generating $1,000/month in rent - with plenty of upside potential as current rents are below market value for the area. Whether you're an investor seeking steady cash flow or a homeowner looking for your next project, this property offers exceptional flexibility and opportunity. Inside, you'll find a comfortable layout with inviting living spaces, ample natural light, and classic character throughout. The home has a two car garage and off-street parking, and easy access to nearby amenities. Located just minutes from Downtown Indianapolis, Ivy Tech, the Children's Museum, and major highways, this property is in a rapidly developing area with strong rental demand and rising property values. Highlights: Current rent: $1,000/month (well below market) Tenant in place - start earning income immediately Great starter home, rental, or flip opportunity Convenient central location near downtown, schools, and parks Showings require 24-48 hour advance notice Don't miss this chance to add a solid performer to your portfolio or transform it into your next beautiful home. Schedule your showing today and see the potential at 233 W 31st St!

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Additional Information

Basement: Partially Finished
Foundation: Block
Number of Fireplaces: 1
Fireplace Description: Living Room
Stories: Two
Architecture: Traditional
Interior: Attic Access
Acres: 0.07
Heat: Forced Air, Propane, Natural Gas
Cooling: Central Air
Appliances: None, Water Heater
Semi-Annual Taxes: $638
Garage: Yes
Region: Center
Eating Areas: Separate Room