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$199,900 -

802 E Raymond Street Indianapolis IN 46203

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

Fantastic investment opportunity for a turnkey property that has been consistently rented for the past 30 years. This exceptionally maintained property features a maintenance-free exterior with siding and windows updated, as well as newer HVAC systems and water heaters. The units offer excellent hardwood floors and ample closet space. All appliances are included in both units including Washers and dryers. One side currently brings in $675 per month with long-term tenants, Pleasant Run side is ready to rent. There is significant potential to increase rent to $900-$1,000 per month, especially given the included 2 car garage parking and off street parking. Additionally, the property includes a full dry basement-confirmed by photos taken after heavy rains-which could easily be converted into another bedroom or living area with the installation of egress windows. Located just steps away from Garfield Park. Just minutes from Downtown, Fountain Square & Bates Hendricks. Also easy near access to I-65. This is an ideal long-term rental for anyone looking to start or expand their portfolio.

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Property Details

Price: $199,900 Previously: $199,900 Originally: $199,900 Bathrooms: 0.00 MLS #: 22098366 Year Built: 1940 Township: Center Type: Residential Income Zip Code: 46203 City: Indianapolis Subdivision: Hilgemeiers Sub Beatys County: Marion School District: Indianapolis Public Schools

Interior Features

Interior Features:
  • Heating: Natural Gas

Exterior Features

Exterior Features:
  • # Acres: 0.12

Listing Office: Indiana Real Estate Alliance,

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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 May 8th, 2026 at 11:00am EDT.

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