Description
Turnkey Duplex in Up-and-Coming Highland Vicinity - Strong Investment Potential! Located at 316 W 29th St, Indianapolis, this well-maintained duplex offers an excellent opportunity for investors seeking monthly cash flow and long-term appreciation. Situated in the Highland Vicinity neighborhood, this area is beginning to see revitalization and sits just minutes from some of Indy's top destinations. You're within a 5-minute drive of the massive $4.3B IU Health Hospital expansion and less than 10 minutes from downtown Indy. Also nearby is the Children's Museum, Art Museum, Monon Trail, State Fairgrounds, Marian University, Ivy Tech, Butler University, the Indianapolis Zoo, Eiteljorg Museum, and more. The Red Line bus system runs right by the property, offering even more convenience for tenants. The duplex was fully renovated approximately 5 years ago, including a new roof, HVAC systems, water heaters, windows, flooring, paint, and additional upgrades. Utilities are separately metered, and there are two off-street parking spots in the rear. With minimal yard space, exterior maintenance is a breeze. One unit is currently tenant-occupied ($650/mo exp 3/31/26), and the other is vacant, with professional management in place (Wilmoth Group) actively marketing it for lease. Utilities are separately metered and paid by the tenants. The vacant unit also makes this property a potential fit for an owner-occupant house hacker looking to offset living costs. Don't miss your chance to own a solid, low-maintenance asset in a growing area of Indianapolis!
-
0BEDS
-
0.09ACRES
-
0BATHS
-
01/2 BATHS
Description
Turnkey Duplex in Up-and-Coming Highland Vicinity - Strong Investment Potential! Located at 316 W 29th St, Indianapolis, this well-maintained duplex offers an excellent opportunity for investors seeking monthly cash flow and long-term appreciation. Situated in the Highland Vicinity neighborhood, this area is beginning to see revitalization and sits just minutes from some of Indy's top destinations. You're within a 5-minute drive of the massive $4.3B IU Health Hospital expansion and less than 10 minutes from downtown Indy. Also nearby is the Children's Museum, Art Museum, Monon Trail, State Fairgrounds, Marian University, Ivy Tech, Butler University, the Indianapolis Zoo, Eiteljorg Museum, and more. The Red Line bus system runs right by the property, offering even more convenience for tenants. The duplex was fully renovated approximately 5 years ago, including a new roof, HVAC systems, water heaters, windows, flooring, paint, and additional upgrades. Utilities are separately metered, and there are two off-street parking spots in the rear. With minimal yard space, exterior maintenance is a breeze. One unit is currently tenant-occupied ($650/mo exp 3/31/26), and the other is vacant, with professional management in place (Wilmoth Group) actively marketing it for lease. Utilities are separately metered and paid by the tenants. The vacant unit also makes this property a potential fit for an owner-occupant house hacker looking to offset living costs. Don't miss your chance to own a solid, low-maintenance asset in a growing area of Indianapolis!
© 2025 Metropolitan Indianapolis Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the BLC® listing service or Vision One Real Estate.
Based on information submitted to the MLS GRID as of 2025-07-12T00:26:09.64. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Click here for MLS GRID DMCA Notice