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450 N Kealing AVE Indianapolis, IN 46201
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Key Details
Sold Price $240,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Subdivision Jennings
MLS Listing ID 22051384
Sold Date 09/05/25
Year Built 1930
Tax Year 2024
Lot Size 4,791 Sqft
Acres 0.11
Property Sub-Type Duplex
Property Description
Income-Producing Duplex - Ideal for Investors or House Hackers! Don't miss this exceptional opportunity to own a well-maintained duplex featuring two spacious 2 bed / 2 bath units. Whether you're an investor seeking strong returns or a buyer looking to offset your mortgage by living in one unit and renting the other, this property checks all the boxes. Unit 450 is currently leased at $1,100 per month until 8/17. Unit 452 is vacant and ready for a new tenant or owner-occupant, having previously rented for $1,325 per month. With a combined gross rental potential of $2,600 per month, this property exceeds the 1% rule, making it a standout investment. Each unit offers a functional layout, full bathrooms, and in-unit laundry hook ups. With one side already cash-flowing and the other move-in ready, this duplex is perfect for a house hacker looking to build equity while reducing living expenses. Add this income-generating property to your portfolio or make it your home with built-in rental income.
Location
State IN
County Marion
Zoning C1
Interior
Fireplace N
Exterior
Garage Spaces 2.0
Building
Story Two
Foundation Concrete Perimeter
Architectural Style Traditional
Structure Type Aluminum Siding,Vinyl Siding
New Construction false
Schools
School District Indianapolis Public Schools
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