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$275,000 -

1241 W 31st Street Indianapolis IN 46208

6
Bedrooms
2
Baths
N/A
SQ. Feet
(Above Ground)
0.12
Acres

Looking for a high-yield investment opportunity? This 6-bed home in Indianapolis offers flexible rental potential with six private bedrooms, two full baths, and a layout well-suited for shared housing models. Positioned near Riverside Park and just minutes from IUPUI, downtown employers, and public transit routes, the location supports consistent demand for housing from students, workforce renters, and voucher holders. Zoned single-family, this property has a strong rental history and is currently vacant for immediate lease-up or minor value-add upgrades. Large common areas, full kitchen, and convenient street parking make it easy to configure as traditional or shared living. Newer roof and updated mechanicals provide peace of mind. Investors looking to maximize returns through Section 8, room-by-room, or co-living strategies will find this an adaptable asset in a high-demand corridor. Nearby properties show stable cash flow potential with proper management. No HOA.

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Property Details

Price: $275,000 Previously: $275,000 Originally: $275,000 Bedrooms: 6 Bathrooms: 2.00 MLS #: 22073819 Year Built: 1930 Township: Center Sq. Ft Total: 3,256 Type: Residential Zip Code: 46208 City: Indianapolis Subdivision: Armstrongs 1st Add County: Marion School District: Indianapolis Public Schools

Interior Features

Interior Features:
  • Appliances: Electric Cooktop, Microwave, Refrigerator
  • Cooling: None
  • Heating: Forced Air, Natural Gas

Exterior Features

Exterior Features:
  • Porch: Covered
  • # Acres: 0.12

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 November 18th, 2025 at 8:10pm EST.

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