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Listed by Ryan Boyd • Trueblood Real Estate
$ 154,900
Est. payment | /mo
5,227 Sqft Lot
$ 154,900
Est. payment | /mo
5,227 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Pending
Purchase Type For Sale
Subdivision Winmar Place
MLS Listing ID 22127793
Year Built 1925
Tax Year 2025
Lot Size 5,227 Sqft
Acres 0.12
Property Sub-Type Duplex
Property Description
Add to your rental portfolio or live in one side while renting out the other! This Grace Tuxedo duplex offers two 2-bedroom, 1-bath units with approximately 784 square feet per side and off-street parking. One side received a turnkey renovation in 2026 and is vacant and ready to lease or occupy, while the other is currently leased at $750/month through March 31, 2027. Estimated market rents of approximately $850-$950 per side offer potential for increased rental income over time, subject to existing lease terms and market conditions. Additional improvements include a new roof and water heater installed in 2022, per the seller. Nearby investment includes IndyGo's Blue Line along Washington Street, currently under construction with service anticipated in late 2028 and planned roadway, sidewalk and transit improvements throughout the corridor. A solid opportunity to generate income now with room for future upside.
Location
State IN
County Marion
Rooms
Basement Unfinished
Interior
Heating Forced Air, Natural Gas
Cooling None
Fireplace N
Building
Story One
Foundation Block
Architectural Style Bungalow
Structure Type Cement Siding
New Construction false
Schools
School District Indianapolis Public Schools
© 2026 All listing information is courtesy of MIBOR Broker Listing Cooperative(R) as distributed by MLS Grid. All rights reserved.
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