Welcome to 401 S Randolph St, a remodeled 2 bed, 1 bath duplex offering a prime investment opportunity just minutes from the heart of Fountain Square and downtown Indy. Both units have been thoughtfully updated while maintaining classic charm, and are currently occupied by steady, long-term tenants, delivering immediate cash flow from day one. Located in an appreciating neighborhood with strong rental demand, this property sits near major employers, local shops, and vibrant dining and entertainment. With low maintenance needs and professional management already in place, this is an ideal entry point for new investors looking for stable income and long-term upside in a growing market. Major improvements have been made including a new roof in 2024. Don't miss your chance to own a turnkey asset! Currently tenant occupied, please do not disturb.
Active
$199,999
401 S Randolph St, Indianapolis, IN 46201
4beds
2baths
--sqft
Est.:
Multi Family, Duplex
Built in 1920
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Classic charmNew roof
- 8 days
- on Zillow |
- 354 |
- 29 |
Zillow last checked: 7 hours ago
Listing updated: April 20, 2025 at 03:32pm
Listing Provided by:
Kenneth Hall kenny@livindy.co,
JUST LIV, LLC
Source: MIBOR as distributed by MLS GRID,MLS#: 22033530

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Features
- Has basement: Yes
Property
Features
- Levels: One
- Stories: 1
Lot
- Size: 4,356 Square Feet
Details
- Parcel number: 491007205229000101
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Duplex
Condition
- New construction: No
- Year built: 1920
Community & HOA
Community
- Subdivision: No Subdivision
Location
- Region: Indianapolis
Financial & listing details
- Tax assessed value: $148,200
- Annual tax amount: $4,158
- Date on market: 4/18/2025
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