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$200,000 -

1741 Terrace Avenue Indianapolis IN 46203

6
Bedrooms
2
Baths
N/A
SQ. Feet
(Above Ground)
0.18
Acres

Spacious and versatile 6-bedroom, 2-bath property offering exceptional flexibility and income-producing potential! Previously configured as a duplex, this unique home features two full kitchens, two separate living rooms, and a layout that easily accommodates multi-generational living, rental opportunities, or continued use as a boarding house. Currently operating with 4 tenants on weekly rent, the property already provides established cash flow for investors looking to expand their portfolio. Inside, you'll find generously sized rooms, multiple common living areas, and large basements that provide ample storage space and added functionality. The enclosed front porch creates a welcoming entry and a comfortable place to relax year-round, while the back deck offers additional outdoor space for entertaining or enjoying quiet evenings. Outside, the property includes 4 rear gravel parking spaces for tenant or guest convenience, along with a storage barn perfect for tools, equipment, or extra storage needs. With its adaptable layout, strong rental potential, and abundance of space, this property presents a rare opportunity for investors, house hackers, or buyers seeking flexible living arrangements. Whether you continue operating it as an income-producing property or reimagine it for your own needs, the possibilities here are endless!

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Property Details

Price: $200,000 Previously: $200,000 Originally: $250,000 Bedrooms: 6 Bathrooms: 2.00 MLS #: 22102056 Year Built: 1930 Township: Center Sq. Ft Total: 4,608 Type: Residential Zip Code: 46203 City: Indianapolis Subdivision: A Dennys Sub J F Wingate County: Marion School District: Indianapolis Public Schools

Interior Features

Interior Features:
  • Appliances: Dryer, Microwave, Electric Oven, Gas Oven, Refrigerator, Washer
  • Cooling: Window Unit(s)
  • Heating: Natural Gas

Exterior Features

Exterior Features:
  • Features: Storage Shed
  • Setting / Lot Description: Sidewalks, Mature Trees
  • Porch: Deck, Glass Enclosed
  • # Acres: 0.18

Listing Office: Re/max Advanced Realty

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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 August 7th, 2026 at 9:13pm EDT.

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