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$225,000 -

1201 Wade Street Indianapolis IN 46203

-
Bedrooms
-
Baths
N/A
SQ. Feet
(Above Ground)
0.14
Acres

Excellent investment opportunity just minutes from Garfield Park! This unique property features two completely separate homes on one parcel, each with its own utilities, central A/C, private living space, and fenced yard access. The front home currently rents for $1,255/month and the rear home rents for $1,045/month, providing immediate rental income. Conveniently located near Garfield Park, shopping, restaurants, and public transportation, with easy access to downtown Indianapolis. Please note: The interior photos were taken prior to the current tenants moving in. We chose not to publish photos containing the tenants' personal belongings to respect their privacy. Additional interior photos are available upon request. Property is tenant occupied. Showings will be scheduled after an accepted offer to minimize disruption to the residents. Buyer inspections and walkthroughs will be completed during the due diligence period. Whether you're looking to add to your portfolio or own a property with two standalone rental homes, this is a rare opportunity in an area seeing continued investment and growth.

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Property Details

Price: $225,000 Previously: $225,000 Originally: $239,000 Bathrooms: 0.00 MLS #: 22114118 Year Built: 1929 Township: Center Type: Residential Income Zip Code: 46203 City: Indianapolis Subdivision: Julian Etal Spring Gardens South County: Marion School District: Indianapolis Public Schools

Interior Features

Interior Features:
  • Cooling: Central Air

Exterior Features

Exterior Features:
  • # Acres: 0.14

Listing Office: Hanza Realty, 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 September 15th, 2026 at 10:58pm EDT.

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