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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
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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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Connect with a Dwellane Agent
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