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1241 W 31st StreetIndianapolis, IN 46208


Active
$275,000
Asking Price
6
Bd
2
Ba
3,256
Sqft
0.12
Ac Lot

1241 W 31st Street Indianapolis, IN 46208


Single Family Property Type
84 daysTime on Dwellane
$84Price per sqft
1930Year Built
BasementUnfinished
Looking for a high-yield investment opportunity? This 6-bed home in Indianapolis offers flexible rental potential with six private bedrooms, two full baths, and a layout well-suited for shared housing models. Positioned near Riverside Park and just minutes from IUPUI, downtown employers, and public transit routes, the location supports consistent demand for housing from students, workforce renters, and voucher holders. Zoned single-family, this property has a strong rental history and is currently vacant for immediate lease-up or minor value-add upgrades. Large common areas, full kitchen, and convenient street parking make it easy to configure as traditional or shared living. Newer roof and updated mechanicals provide peace of mind. Investors looking to maximize returns through Section 8, room-by-room, or co-living strategies will find this an adaptable asset in a high-demand corridor. Nearby properties show stable cash flow potential with proper management. No HOA.

Facts & Features

Year Built

1930

City

Indianapolis

Type

Single Family Residence

Neighborhood

West Side Indianapolis

County

Marion

Lot Size

0.12 ac / 5,009 sqft

Bedrooms

6

Full Bathrooms

2

Half Bathrooms

0

Living Area Total

3,256 sqft

Price per sqft

$84.46

Living Area Main & Upper

1,628 sqft

Connect with a Dwellane Agent

Like what you see? Our trusted agents are ready to help you take the next step.

Listing Agent

Charlene Gaard
317-440-2149

Co-Listing Agent

Robert Gaard
317-445-1095

Listing Provider

No Limit Real Estate, LLC

MLS #

22073819

Source

MIBOR as distributed by MLS GRID

Last Modified

Mon Dec 01 2025

Listed on

Tue Nov 18 2025


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