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Kade Koch

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

Listed by Max Moore • @properties

$ 148,000

Est. payment -/mo

Save

Active

932 - 934 N Leland AVE N Indianapolis, IN 46219

6,098 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 22069504

Year Built 1941

Tax Year 2025

Lot Size 6,098 Sqft

Acres 0.14

Property Sub-Type Duplex

Property Description

Value-add duplex opportunity. One unit is vacant and ready for improvement, offering a clear path to adding value and increasing rents. The vacant unit will require updates and installation of finishes and fixtures to bring it to rent-ready condition, with a projected market rent of $775-$800/month once completed. The other unit is leased at $725/month through May 31, 2026, providing immediate income during the renovation phase. The occupied unit includes an electric range, refrigerator, gas furnace, electric water heater, and window units. The property is professionally managed. Tenants pay all utilities and handle yard maintenance, with mowing covered by management. The property is non-smoking, pet-free, and features an unfinished basement and street parking. This duplex may be purchased individually or together with the identical duplex next door. Combined, 3 of the 4 total units are currently leased, producing $2,090/month in current rents, with total portfolio rents projected at approximately $2,900/month once the vacant unit is completed and leased. Well-suited for an investor focused on forced appreciation through light renovation, or an owner-occupant looking to build equity while offsetting their mortgage.

Location

State IN

County Marion

Zoning RES

Interior

Heating Forced Air

Cooling Window Unit(s)

Fireplace N

Building

Story One

Foundation Block

Architectural Style Bungalow

Structure Type Brick

New Construction false

Schools

School District Indianapolis Public Schools

SCHOOLSPROPERTIES

Elementary Schools 20

8

Paramount School of Excellence

Public | KG - 8
5

Indpls Lighthouse Charter School

Public | KG - 12
5

Irvington Community School

Public | KG - 12
5

Lowell Elementary School

Public | KG - 4
5

George H Fisher School 93

Public | KG - 6
3

Christian Park School 82

Public | KG - 6
3

George W Julian School 57

Public | KG - 6
2

Thomas D. Gregg Elementary School 15

Public | PK - 6
2

Arlington Woods Elementary School

Public | KG - 6
2

Anna Brochhausen School 88

Public | PK - 6
1

Joyce Kilmer School 69

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

Muhammad's School

Private | PK - 6
0

Trinity Christian School

Private | PK - 12
0

St Philip Neri School

Private | PK - 8
0

In Math & Science Academy - South

Public | KG - 7
0

Neighborhood Academy

Private | PK - 11

Middle Schools 1

0

Thomas Carr Howe Community High School

Public | 7 - 12

High Schools 1

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

932 - 934 N Leland AVE N Indianapolis, IN 46219

Key Details

Location

Interior

Building

Schools

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