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$280,000 -

818 N Drexel Avenue Indianapolis IN 46201

-
Bedrooms
-
Baths
N/A
SQ. Feet
(Above Ground)
0.1
Acres

Investor Alert! This income-producing duplex in Christian Park is the ideal blend of cash flow, location, and long-term upside. Just a few blocks from historic Irvington and minutes from downtown Indianapolis, this property sits in a strong rental market with growing demand and neighborhood revitalization underway. Both units are mirror layouts, offering 2 bedrooms and 1 bathroom each, with approximately 988 sq ft per side. Tenants will appreciate spacious rooms, laundry hookups in the shared basement, and convenient access to parks, coffee shops, and public transportation. The property features separate gas heat and hot water, brick and vinyl siding, and is nestled on a quiet, tree-lined street with sidewalks - ideal for long-term residents. With market rents estimated at $1,000-$1,200 per unit, this duplex can generate $24,000-$28,800 annually in gross income. Combined with low property taxes ($1,049/year) and minimal operating expenses, the estimated Net Operating Income is $8,775/year - with even more upside if updates are made. This is a rare opportunity to own a turnkey, income-generating property in a high-demand area. Whether you're an experienced investor or a first-timer looking to house hack, 818 N Drexel Ave offers steady returns in one of Indy's most promising east-side neighborhoods. Don't miss this cash-flowing asset just steps from everything Irvington has to offer!

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Property Details

Price: $280,000 Previously: $280,000 Originally: $280,000 Bathrooms: 0.00 MLS #: 22069958 Year Built: 1925 Township: Center Type: Residential Income Zip Code: 46201 City: Indianapolis Subdivision: Cross Trails County: Marion School District: Indianapolis Public Schools

Interior Features

Interior Features:
  • Heating: Forced Air

Exterior Features

Exterior Features:
  • Setting / Lot Description: Curbs, Sidewalks, Storm Sewer
  • # Acres: 0.10

Listing Office: No Limit Real Estate, Llc

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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 28th, 2025 at 7:55pm EDT.

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