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Street View
$615,000
Monthly Est:$3,061
5 Beds
7 Baths
--sqft
1230 Union St, Indianapolis, IN 46225
$615,000
$3,061/moEst:
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Duplex
Built in 1920
$-- HOA
6,098 sqft lot
--/sqft
Description
Experience an exceptional investment opportunity perfectly positioned near downtown Indianapolis, Bates-Hendricks & Fountain Square! This extensively renovated property offers 3 distinct living spaces-a beautifully updated duplex PLUS a separate studio-style carriage-house apartment above a detached 2-car garage-Currently utilized for short-term rentals in 2 of the 3 residences, this versatile property presents exciting possibilities for investors, business travelers, multigenerational living or an owner-occupant looking to offset expenses with rental income-Each spacious duplex residence features 2 bedrooms, BOTH with private ensuite bathrooms & walk-in closets, plus a convenient main-level half bath-Beautifully appointed kitchens showcase quartz countertops & gas stoves, while the bathrooms feature double vanities & custom showers-Inviting living & dining areas, mudrooms, upstairs laundry, finished basement recreation spaces & private balconies provide exceptional comfort & flexibility-The detached carriage-house offers its own open-concept living space with a designated garage space, sleeping area, kitchen & full bathroom-Outdoor spaces include private balconies & Privacy fence, while durable Hardie siding & the detached 2-car garage add even more appeal. Located near Eli Lilly HQ, Lucas Oil Stadium, Gainbridge Fieldhouse & the restaurants, nightlife & entertainment of Fountain Square, this location is ideal for experiencing everything Indianapolis has to offer-1232 & the carriage-house are currently utilized as Airbnb rentals, while 1230 is vacant & available for owner-occupancy or additional rental opportunities-With a good offer, the seller will consider including furnishings & appliances, including washers & dryers in all 3 units-Whether you're seeking a short-term rental investment, long-term rental portfolio addition or a high-end house hack, this property delivers 3 living spaces & impressive renovations & exceptional versatility near the heart of Indy.
- Houzeo last checked: 2 minutes ago
- Listing updated: November 11, 2026 at 10:05 pm
- Listing Provided by: Barbara Whiteside | Keller Williams Indy Metro NE (317) 564-7100
- Source: Metropolitan Indianapolis Board of REALTORS (MIBOR) MLS-IN as distributed by MLS GRID | MLS#: 22133518
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
Year Built
1920
HOA Fees
-
Finished Area
- sqft
Lot Size
6,098 sqft lot
Basement Area
- sqft
MLS Name
Metropolitan Indianapolis Board of REALTORS (MIBOR) MLS
MLS Number
22133518
MLS Status
Active
Days on Market
1
Cumulative Days on Market
1
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 5
Bathrooms: 7
Interior
Cooling
Central Air
Heating
Forced Air
Exterior Features
Carriage/guest House
Construction
Year Built
Year Built: 1920
Home type
Duplex
Architectural Style
Traditional
Roof
Asphalt
Property Condition
Updated/remodeled
Construction Materials
Cement Siding
Utilities & Energy
Laundry Features
Connections All
Basement
Finished
Parking Features
Detached, Garage Door Opener, Garage Faces Rear
Other Features
Subdivision Name
Mccartys South Add
Tenant Pays
Electricity, Gas, Sewer, Water
Lot Features
Curbs, Not In Subdivision, Sidewalks, Street Lights, Mature Trees
Price History
| Date | Event | Price |
|---|---|---|
11/11/2026 Source: | Listed for Sale | $615,000 +3098.13% $0/sqft |
01/15/2023 Source: | Price Decreased | $19,230 -90.38% $0/sqft |
04/13/2022 Source: | Price Decreased | $199,900 -13.84% $0/sqft |
04/13/2022 Source: | Price Increased | $232,000 +480.00% $0/sqft |
11/10/2016 Source: | Price Decreased | $40,000 -27.27% $0/sqft |
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Based on information from MIBOR REALTOR® Association through Nov 12, 2026, 07:00AM as submitted to and distributed by MLS GRID. 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. IDX information is provided exclusively for consumers personal non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any, and as amended from time to time. All Rights Reserved. © 2026 MIBOR REALTOR® Association.
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