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$119,999 -

223 W 31st Street Indianapolis IN 46208

3
Bedrooms
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!

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Property Details

Price: $119,999 Previously: $119,999 Originally: $119,999 Bedrooms: 3 Bathrooms: 2.50 MLS #: 22066702 Year Built: 1920 Township: Center Sq. Ft Total: 2,161 Type: Residential Zip Code: 46208 City: Indianapolis Subdivision: Topps Garden Place County: Marion School District: Indianapolis Public Schools

Interior Features

Interior Features:
  • Appliances: Water Heater, Refrigerator, Washer, Dryer
  • Cooling: Central Air
  • Heating: Forced Air, Propane, Natural Gas

Exterior Features

Exterior Features:
  • # Acres: 0.07

Listing Office: Ask Pat About Real Estate

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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 MIBOR Broker Listing Cooperative®. All rights reserved.

Listing information last updated on October 15th, 2025 at 9:25pm EDT.

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