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Listed by Stuart Houghton • Keller Williams Indy Metro Partners
$ 139,555
Est. payment | /mo
3,920 Sqft Lot
$ 139,555
Est. payment | /mo
3,920 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Hillcrest
MLS Listing ID 22130949
Year Built 1924
Tax Year 2025
Lot Size 3,920 Sqft
Acres 0.09
Property Sub-Type Duplex
Property Description
Updated, rent-ready duplex near Fountain Square offering an attractive opportunity for investors and owner-occupants! Located at 1525-1527 Villa Avenue, each two-story unit features 1 bedroom and 1 bathroom. A new roof, forced-air heating, and refreshed interiors add to the property's appeal. With a Market rent of $850 per month, providing a rental-history benchmark for buyers evaluating income potential. The location offers access to Fountain Square's restaurants, independent shops, live music, and arts scene, with downtown Indianapolis employment and entertainment within reach. Investment in the broader southeast downtown area includes the completed South Street Cultural Trail expansion, strengthening connections between Fountain Square, the Wholesale District, and downtown amenities. Fountain Square's HI-FI venue expansion, supported in part by a $1 million READI 2.0 Arts & Culture grant, represents additional investment in the district's entertainment economy. These amenities and ongoing investments may support the area's appeal to renters and homeowners alike. Whether you're expanding your portfolio or planning to live in one unit while renting the other, this updated duplex offers a practical path to ownership with income potential in Indianapolis' near southeast area!
Location
State IN
County Marion
Rooms
Basement Unfinished
Interior
Heating Forced Air
Fireplace N
Exterior
Roof Type Shingle
Building
Story Two
New Construction false
Schools
School District Indianapolis Public Schools
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