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Kade Koch

kade@kadekochrealty.com +1(317) 697-7953

Listed by rolonda lolla • Austyn Avenue Real Estate

$ 174,900

Est. payment -/mo

Save

Active

228 N Tacoma AVE Indianapolis, IN 46201

5,227 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Subdivision No Subdivision

MLS Listing ID 22062223

Year Built 1945

Tax Year 2024

Lot Size 5,227 Sqft

Acres 0.12

Property Sub-Type Duplex

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.

Location

State IN

County Marion

Rooms

Basement Storage Space, Unfinished, Partially Finished

Interior

Heating Natural Gas

Cooling Window Unit(s)

Fireplace N

Exterior

Roof Type Shingle

Building

Story One

Foundation Block

Architectural Style Bungalow

New Construction false

Schools

School District Indianapolis Public Schools

SCHOOLSPROPERTIES

Elementary Schools 20

8

Paramount School of Excellence

Public | KG - 8
6

Center For Inquiry School 2

Public | KG - 8
5

Christel House Academy South

Public | KG - 12
5

Indpls Lighthouse Charter School

Public | KG - 12
4

Theodore Potter School 74

Public | KG - 6
4

Frederick Douglass School 19

Public | PK - 8
3

William Mckinley School 39

Public | PK - 6
3

Christian Park School 82

Public | KG - 6
2

James a Garfield School 31

Public | KG - 8
2

Thomas D. Gregg Elementary School 15

Public | PK - 6
1

Se Neighborhood School of Excellence

Public | KG - 7
1

Washington Irving School 14

Public | PK - 6
1

Francis Parker Montessori School 56

Public | PK - 8
1

Eleanor Skillen School 34

Public | KG - 6
1

Brookside School 54

Public | KG - 6
1

James Russell Lowell School 51

Public | PK - 6
1

Ralph Waldo Emerson School 58

Public | KG - 6
1

Paul I Miller School 114

Public | PK - 6
0

Capitol City Seventh-Day Adventist School

Private | PK - 8
0

Fall Creek Academy

Public | KG - 12

Middle Schools 5

4

Beech Grove Middle School

Public | 7 - 8
1

H L Harshman Middle School

Public | 7 - 8
0

Carpe Diem - Meridian Campus

Public | 6 - 12
0

Longfellow Magnet Middle School

Public | 7 - 8
0

Thomas Carr Howe Community High School

Public | 7 - 12

High Schools 5

10

Herron High School

Public | 9 - 12
1

Arsenal Technical High School

Public | 9 - 12
0

Emmerich Manual High School

Public | 9 - 12
0

Christel House Dors South

Public | 9 - 12
0

Scecina Memorial High School

Private | 9 - 12

School and business data provided by Attom Data.

Kade Koch

Broker Associate

+1(317) 697-7953

Kade Koch

228 N Tacoma AVE Indianapolis, IN 46201

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

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228 N Tacoma AVE