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223 W 31st Street Indianapolis IN 46208
- 3
- Bedrooms
- 2½
- Baths
- N/A
- SQ. Feet
(Above Ground)
- 0.07
- Acres
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!
Property Details
Interior Features
- Appliances: Water Heater, Refrigerator, Washer, Dryer
- Cooling: Central Air
- Heating: Forced Air, Propane, Natural Gas
Exterior Features
- # Acres: 0.07
Listing Office: Ask Pat About Real Estate
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Listing information last updated on December 1st, 2025 at 7:40am EST.
