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$489,900 -

438 Jefferson Avenue Indianapolis IN 46201

-
Bedrooms
-
Baths
N/A
SQ. Feet
(Above Ground)
0.17
Acres

This fully leased duplex, just minutes from downtown Indianapolis, sits in a lively, up-and-coming neighborhood. Updated in 2023, it offers immediate cash flow and strong income potential, with current rents still under market rates. Each unit has 3 bedrooms, 1.5 baths, a living and dining room, plus a laundry room with included appliances. The unfinished basement adds storage or future upgrade options. Outside, there's a covered front porch and fenced backyards, each private to its unit-perfect for long-term tenants. Close to downtown, dining, and entertainment, it's a great pick for investors seeking a solid property with room to grow. Tenants pay all utilities except water, which is covered by the owner. Showings require 48 hours' notice.

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Property Details

Price: $489,900 Previously: $489,900 Originally: $489,900 Bathrooms: 0.00 MLS #: 22082984 Year Built: 1902 Township: Center Type: Residential Income Zip Code: 46201 City: Indianapolis Subdivision: Johnson & Hogshire County: Marion School District: Indianapolis Public Schools

Interior Features

Interior Features:
  • Cooling: Central Air
  • Heating: Forced Air

Exterior Features

Exterior Features:
  • Setting / Lot Description: Access
  • # Acres: 0.17

Listing Office: Shouse Realty Group 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. © 2026 MIBOR Broker Listing Cooperative®. All rights reserved.

Listing information last updated on April 3rd, 2026 at 4:28am EDT.

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