Indianapolis Real Estate Index

Contact Red Door Real Estate

If you have any questions or need more detailed information, please feel free to contact me via phone at 317-RED-DOOR / 317-733-3667 or fill out the form to let us know how we can help with your real estate needs.

Phone: (317) 733-3667
Fax: (317) 663-0840

Refine your search...
Use the form below to narrow down your results
Hi There! Is this Your First Time?

Did you know if you Register you have access to free search tools including the ability to save listings and property searches? Did you know that you can bypass the search altogether and have listings sent directly to your email address? Check out our how-to page for more info.

Back to Results
$399,000 -

1403 S New Jersey Street Indianapolis IN 46225

2
Bedrooms
Baths
N/A
SQ. Feet
(Above Ground)
0.1
Acres

Rare Investment Opportunity - Two Homes on One Lot in Bates-Hendricks! Unique income-producing opportunity featuring two homes on one parcel, ideal for investors, house hackers, Airbnb operators, or short-term rental opportunities. Home #1 is a fully renovated, turnkey rental that has been taken down to the studs with all new electrical, plumbing, HVAC, windows, siding, and a newer roof. The home is fully furnished and rent-ready, making it perfect for short-term rentals, travel nurses, contractors working at Lilly, or Airbnb. It has recently rented for $2,000/month with landlord paying all utilities. This home offers 2 bedrooms, 1.5 baths, a dedicated laundry area, living room, and formal dining room, providing a comfortable layout for guests or long-term tenants. Home #2, located on **New Jersey Street-one of the most sought-after streets in Bates-Hendricks-**offers an incredible value-add / redevelopment opportunity. The home already features brand new siding, new windows, and a newer roof and has been taken down to the studs, allowing the next owner to finish the build to their specifications. Potential layouts include 3 bedrooms and 2.5 baths with attic space, or the opportunity to add a loft for additional living space, maximizing rental potential or resale value. Properties offering two homes on one lot are extremely rare, especially in this highly desirable location near downtown. Perfect opportunity for house hacking (live in one, rent the other), STR/Airbnb operation, long-term rentals, or redevelopment investment.

Follow ►
  • Subscribe to Our Blog RSS
Read More...

Property Details

Price: $399,000 Previously: $399,000 Originally: $399,000 Bedrooms: 2 Bathrooms: 1.50 MLS #: 22088404 Year Built: 1920 Township: Center Sq. Ft Total: 1,960 Type: Residential Zip Code: 46225 City: Indianapolis Subdivision: Franks Sub Woodruffs Sub B F Morris County: Marion School District: Indianapolis Public Schools

Interior Features

Interior Features:
  • Appliances: Dishwasher, Dryer, Electric Water Heater, MicroHood, Electric Oven, Refrigerator, Washer
  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas

Exterior Features

Exterior Features:
  • # Acres: 0.10

Listing Office: Hoosierwise Realty

Similar Properties To: 1403 S New Jersey Street, Indianapolis

$495,000
4 br, 3½ ba, 4,497 ft²
Saddlebrook
MLS® #:
22026107
Provider:
Keller Williams Indy Metro Ne
5855 Dapple Trace, Indianapolis
$294,000
4 br, 3 ba, 3,204 ft²
Osgoods 1st Central Ave Add
MLS® #:
21994630
Provider:
Compass Indiana, Llc
3031 N New Jersey Street, Indianapolis
$280,000
4 br, 2 ba, 3,041 ft²
No Subdivision
MLS® #:
22049765
Provider:
Keller Williams Indy Metro S
4729 Hittle Drive, Indianapolis
$459,900
4 br, 3½ ba, 2,944 ft²
Clifford Place
MLS® #:
22073092
Provider:
Highgarden Real Estate
1938 E 11th Street, Indianapolis
$289,500
2 br, 1 ba, 1,788 ft²
Dawnbury
MLS® #:
22080513
Provider:
@properties
2135 Pamela Drive, Indianapolis
$499,900
3 br, 2½ ba, 2,007 ft²
Fountain Square
MLS® #:
22062428
Provider:
Onyx And East, Llc
1334 English Avenue, Indianapolis
$469,950
4 br, 5 ba, 4,222 ft²
No Subdivision
MLS® #:
22073564
Provider:
Exp Realty, Llc
2600 N Raceway Road, Indianapolis
$385,000
5 br, 3½ ba, 2,892 ft²
Fountain Springs
MLS® #:
22085298
Provider:
Epique Inc
6611 Fountain Cove Court, Indianapolis

View all similar properties here

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 March 11th, 2026 at 10:44pm EDT.

My Account

Log in, to view your saved searches and add to your favorite listings.

Sign Up Here For Your FREE Account

... So You Can:

  • View detailed property information
  • Print detailed property flyers
  • Save your searches & favorite homes
  • Inquire about a private showing
  • Map individual property locations
  • Share your favorite homes with friends
Interested In This Property?