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  • $250,000

    217 S Emerson Ave, Indianapolis, IN 46219

    4beds
    2baths
    --sqft
    Multi Family, Duplex
    Built in 1943
    -- sqft lot
    $261,600 Zestimate®
    $--/sqft
    $1,113 Estimated rent

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    $1,113/mo

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    $1,113/mo

    Rent Zestimate®

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    $1,240/mo

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    $1,240/mo

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    What's special

    Prime Investment Opportunity in Historic Irvington! Seize the chance to own a top to bottom, fully renovated, all-brick 1940s duplex in one of Indianapolis' most charming and sought-after neighborhoods! Whether you're an investor looking for strong cash flow or a savvy buyer ready to house hack, this property is a rare find. Each spacious, move-in-ready unit features 2 bedrooms, a Full Basement, and beautifully refinished hardwood floors, complemented by original woodwork, vintage doors, and a cozy breakfast nook that exudes historic charm. With each unit currently renting for $1,100/month(higher potential possible), this is a highly attractive income-generating property with impressive returns. Recent upgrades, including a new roof, updated HVAC, and water heaters on both sides, ensure low maintenance and peace of mind. Oversized windows flood each unit with natural light, while ample closet space and individual driveways add convenience for tenants or owners alike. New concrete patio and newly fenced backyard. Situated on a large lot just minutes from downtown Indy, major highways, parks, and the vibrant shopping, dining, and festivals Irvington is known for, this property offers location, lifestyle, and long-term value. Turn-key investments like this don't come around often-schedule your showing today!

    Zillow last checked: 8 hours ago

    Listing updated: March 19, 2025 at 09:58am

    Listing Provided by:

    Andy Ludlow 317-372-6147,

    eXp Realty, LLC

    Bought with:

    Olga Bliuc-Haggard

    New Quantum Realty Group

    Source: MIBOR as distributed by MLS GRID,MLS#: 22023938MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    Heating
    • Forced Air
    Cooling
    • Has cooling: Yes
    Features
    • Basement: Daylight,Full,Storage Space

    Property

    Parking
    • Parking features: Alley Access, Aggregate
    Features
    • Levels: Two
    • Stories: 2
    Lot
    • Size: 6,098 sqft
    Details
    • Parcel number: 491010166015000701

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Colonial,Traditional
    • Property subtype: Multi Family, Duplex
    Materials
    • Brick
    • Foundation: Block
    • Roof: Asphalt,Shingle
    Condition
    • New construction: No
    • Year built: 1943

    Community & neighborhood

    Location
    • Region: Indianapolis
    • Subdivision: Irvington
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    Estimated market value
    $261,600