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$600,000 -

507 W 29th Street Indianapolis IN 46208

4
Bedrooms
2
Baths
N/A
SQ. Feet
(Above Ground)
0.07
Acres

Incredible opportunity to acquire a fully rented portfolio of 4 single-family homes, each occupied by long-term Section 8 tenants! This stabilized, cash-flowing package is delivering an impressive 10.6% cap rate based on current income and expenses. 406 S Harlan features 3 bedrooms, 1 bath, and 2,288 sq ft, renting for $1,500/month with $355 in annual taxes. 507 W 29th offers 4 bedrooms, 2 baths, and 1,600 sq ft, earning $1,500/month with $891 in annual taxes. 2605 N Harding provides 3 bedrooms, 1 bath, and 1,056 sq ft, collecting $1,653/month with $1,162 in annual taxes. 2403 N Parker includes 4 bedrooms, 2 baths, and 1,680 sq ft, generating $1,800/month with $1,214 in annual taxes. Total gross rental income is $77,436/year. Tenants pay their own utilities and supply their own appliances, keeping owner costs low. Property management is in place at 10% of collected rents, and insurance is $600 per property annually. This portfolio is Section 8 certified, offering reliable government-backed income streams. Each property is in strong rental areas with solid tenant history. Excellent for a buy-and-hold investor looking for immediate returns and minimal maintenance headaches. Properties can be purchased as a package only. Don't miss this chance to add a high-performing, low-risk portfolio to your investment holdings!

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Property Details

Price: $600,000 Previously: $600,000 Originally: $600,000 Bedrooms: 4 Bathrooms: 2.00 MLS #: 22032855 Year Built: 1925 Township: Center Sq. Ft Total: 2,400 Type: Residential Zip Code: 46208 City: Indianapolis Subdivision: W S Hubbard Park Heights County: Marion School District: Indianapolis Public Schools

Interior Features

Interior Features:
  • Appliances: None
  • Heating: Forced Air, Natural Gas

Exterior Features

Exterior Features:
  • # Acres: 0.07

Listing Office: No Limit Real Estate, Llc

Office Contact: charlenegaard@aol.com

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All information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties that a consumer may be interested in purchasing. All Information believed to be reliable but not guaranteed and should be independently verified. © 2025 Metropolitan Indianapolis Board of REALTORS®. All rights reserved.

Listing information last updated on May 13th, 2025 at 2:10pm EDT.

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