321 S Hamilton Ave, Indianapolis, IN 46201

Description

3-bedroom, 1-bathroom single-family home offering flexibility for both owner-occupants and investors. The home features two bedrooms on the main level, one bedroom upstairs, and a full bathroom on the upper level. A detached one-car garage with alley access provides convenient off-street parking and additional storage. Conveniently located less than two miles from Fountain Square, Fletcher Place, and Downtown Indianapolis, you'll enjoy quick access to dining, entertainment, shopping, and major employers. Recent improvements include a new roof with plywood, gutters, and downspouts installed in July 2026, a new furnace installed in November 2025, and a new water heater installed in April 2025. The property is currently occupied by a long-term tenant who has been in place since 2016. Current rent is below market, presenting an opportunity to increase rental income over time while also offering flexibility for a future owner-occupant. Address Note: Google Maps displays the address as 321 Hamilton Ave, while Apple Maps shows the correct address as 321 S Hamilton Ave.