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Street View
$249,900
Monthly Est:$1,244
6 Beds
- 4 Baths
--sqft
1058 W 31st Street, Indianapolis, IN 46208
$249,900
$1,244/moEst:
Get Pre-Approved
Duplex
Built in 1921
$-- HOA
5,706 sqft lot
--/sqft
Description
Don't miss this exceptional income-producing duplex offering two spacious 3-bedroom, 1.5-bath units a perfect opportunity for investors and aspiring house hackers alike. Thoughtfully updated and move-in ready, this property features central air, new entry doors, washer and dryer, updated appliances, brand-new attic insulation, and a roof that's less than one year old. The 1056 unit has also been freshly painted throughout, giving it a clean, modern feel that's ready for its next occupant. Whether you're looking to expand your investment portfolio or take advantage of the house hacking strategy by living in one unit while renting the other, this property checks all the boxes. With average rents in the area ranging from $1,300 to $1,450 per 3-bedroom unit, the income potential is outstanding. Conveniently located just minutes from I-65, you'll enjoy quick access to downtown and an easy commute to major employers, shopping, dining, and entertainment. As an added incentive, the seller is open to offering reasonable concessions with a full-price offer, creating additional value and flexibility for qualified buyers. Opportunities like this don't stay on the market for long. Whether you're an investor seeking strong cash flow or a buyer looking to offset your mortgage by renting one side, this turnkey duplex is ready to help you build long-term wealth through real estate.
- Houzeo last checked: 11 minutes ago
- Listing updated: September 15, 2026 at 2:56 pm
- Listing Provided by: Hammed Lawal (317) 531-9685 | IB REALTORS (317) 728-0213
- Source: Metropolitan Indianapolis Board of REALTORS (MIBOR) MLS-IN as distributed by MLS GRID | MLS#: 22105502

Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
Year Built
1921
HOA Fees
-
Finished Area
- sqft
Lot Size
5,706 sqft lot
Basement Area
- sqft
MLS Name
Metropolitan Indianapolis Board of REALTORS (MIBOR) MLS
MLS Number
22105502
MLS Status
Active
Days on Market
146
Cumulative Days on Market
100

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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 6
Bathrooms: 4
Interior
Heating
Forced Air
Cooling
Central Air
Construction
Year Built
Year Built: 1921
Home type
Duplex
Foundation Details
Brick/mortar
Construction Materials
Stone, Vinyl Siding
Architectural Style
Traditional
Utilities & Energy
Basement
Unfinished, Finished
Laundry Features
Main Level, Laundry Room
Security Features
Smoke Detector(s)
Other Features
Lot Features
Access
Subdivision Name
Armstrong
Price History
| Date | Event | Price |
|---|---|---|
09/15/2026 Source: #MBR22105502 | Price Decreased | $249,900 -7.41% $0/sqft |
07/07/2026 Source: | Price Decreased | $269,900 -3.60% $0/sqft |
06/09/2026 Source: | Listed for Sale | $279,990 +93.10% $0/sqft |
02/21/2024 Source: | Price Decreased | $145,000 -7.64% $0/sqft |
02/21/2024 Source: | Sold | $157,000 $0/sqft |
Near Nw - Riverside Ranks #145 in Indianapolis, IN
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Based on information from MIBOR REALTOR® Association through Nov 01, 2026, 04:02AM. The Broker Listing Cooperative® listing service's Listing information is deemed reliable but is not guaranteed accurate by the Broker Listing Cooperative® listing service. All data is obtained from various sources and may not have been verified by broker or Broker Listing Cooperative listing service. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.. All Rights Reserved. © 2026 MIBOR REALTOR® Association.
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