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$189,900 -

4405 Prospect Street Indianapolis IN 46203

4
Bedrooms
1
Baths
N/A
SQ. Feet
(Above Ground)
0.26
Acres

Investment Opportunity with Strong Cash Flow, this is it! Immediate income with this fully renovated 4-bedroom, 1-bath investment property. With lease in place through IHA at $2,310/month which aligns with key investor benchmarks. Move-in date of May 8, 2026. The home has been completely gutted down to the studs and thoughtfully remodeled from top to bottom, offering peace of mind and low maintenance for years to come. Major upgrades include, new metal roof, all-new mechanicals, updated electrical with a 200-amp panel, and a mini-split system with supplemental heat making this property incredibly cost-effective. Inside, the property features luxury vinyl plank flooring throughout, a beautifully updated kitchen with granite countertops, new cabinetry, stainless steel appliances, and modern finishes, plus recessed lighting and contemporary touches that elevate the entire space. The functional layout offers four bedrooms, providing flexibility and strong rental appeal. Additional improvements such as new windows, exterior siding, and a tankless water heater offer enhanced efficiency and long-term value. Whether you're expanding your portfolio or securing your first investment, this is a true turnkey opportunity with built-in returns from day one.

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Property Details

Price: $189,900 Previously: $189,900 Originally: $195,900 Bedrooms: 4 Bathrooms: 1.00 MLS #: 22099054 Year Built: 1949 Township: Center Sq. Ft Total: 960 Type: Residential Zip Code: 46203 City: Indianapolis Subdivision: No Subdivision County: Marion School District: Indianapolis Public Schools High School: Arsenal Technical High School Elementary School: Christian Park School 82

Interior Features

Interior Features:
  • Appliances: Microwave, Electric Oven, Refrigerator
  • Cooling: Dual, Wall Unit(s)
  • Heating: Zoned, Electric, Wall Furnace

Exterior Features

Exterior Features:
  • Setting / Lot Description: Sidewalks
  • Porch: Patio, Porch
  • # Acres: 0.26

Listing Office: Trueblood Real Estate

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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 September 9th, 2026 at 11:59am EDT.

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