4901 Central Avenue, Indianapolis, IN 46205

Property Description

Discover a rare and versatile real estate opportunity on a prominent corner lot in the heart of Indianapolis's highly coveted Meridian-Kessler neighborhood. Built in 1925, this expansive, side-by-side duplex perfectly balances historic architectural charm with modern updates. Each side of this well-maintained duplex boasts a spacious, traditional layout featuring 3 bedrooms and 1.5 bathrooms, offering the scale and feel of two substantial single-family homes. Mechanicals: Newer, high-efficiency HVAC systems and water heaters ensuring low utility costs and minimal maintenance. Exterior: Newer, low-maintenance vinyl siding that protects the building's envelope while preserving its classic curb appeal. Interior updates: Thoughtful updates throughout that bridge the gap between 1920s character and modern convenience. Whether you are looking to expand your portfolio or utilize a "house-hacking" strategy to live with drastically reduced expenses, the current occupancy structure is perfectly set up for an easy transition: One side is fully occupied, providing immediate, dependable cash flow from day one. One side is vacant, sparkling clean, and ready for an owner-occupant to move right in or for a landlord to place a new tenant at current market rent. Premium Location Situated on a beautiful, high-visibility corner lot on Central Avenue, this property puts you minutes from the best of Midtown. Enjoy easy access to local favorites like fresh coffee, dining, top-rated schools, and the Monon Trail, all while being just a short drive from downtown Indy. Don't miss out on one of the most solid, turnkey multi-family opportunities available in Meridian-Kessler today.