This 3-bedroom, 1-bathroom ranch home offers a functional single-level layout and excellent investment potential. The spacious backyard provides plenty of room for entertaining, outdoor activities, gardening, or future improvements. Conveniently located just two miles from Fountain Square and four miles from Downtown Indianapolis, the property offers easy access to restaurants, shopping, entertainment, and major employment centers. The home is currently leased to a tenant who has been in place since 2019, providing immediate rental income. Current rent is below market value, presenting an excellent opportunity to increase rents to market levels and create additional value. With its desirable location and rental upside, this property offers strong value-add potential for investors.
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Zillow last checked:
Listing updated:
Listed by:
Karanjod Cheema317-657-9985,
Rize Commercial Realty LLC
Source: MIBOR as distributed by MLS GRID,MLS#: 22115854
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 3
Bathrooms: 1
Full bathrooms: 1
Main level bathrooms: 1
Main level bedrooms: 3
Primary bedroom
Features: Luxury Vinyl Plank
Level: Main
Dimensions: Not measured
Bedroom 2
Features: Luxury Vinyl Plank
Level: Main
Dimensions: Not measured
Bedroom 3
Features: Luxury Vinyl Plank
Level: Main
Dimensions: Not measured
Dining room
Level: Main
Dimensions: Not measured
Kitchen
Level: Main
Dimensions: Not measured
Living room
Features: Luxury Vinyl Plank
Level: Main
Dimensions: Not measured
Heating
Natural Gas
Cooling
Central Air
Appliances
Included: Other
Features
Hardwood Floors
Flooring: Hardwood
Has basement: No
Interior area
Total structure area: 900
Total interior livable area: 900 sqft
Property
Parking
Parking features: Gravel
Features
Levels: One
Stories: 1
Lot
Size: 6,969 Square Feet
Details
Parcel number: 491017111082000101
Horse amenities: None
Construction
Type & style
Home type: SingleFamily
Architectural style: Traditional
Property subtype: Residential, Single Family Residence
Materials
Vinyl With Brick
Foundation: Concrete Perimeter
Condition
New construction: No
Year built: 1970
Utilities & green energy
Water: Public
Community & HOA
Community
Subdivision: No Subdivision
HOA
Has HOA: No
Location
Region: Indianapolis
Financial & listing details
Price per square foot: $119/sqft
Tax assessed value: $60,300
Annual tax amount: $1,490
Date on market: 7/22/2026
Cumulative days on market: 4 days
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
Not available
Price history
Date
Event
Price
7/22/2026
Listed for sale
$107,000+494.4%$119/sqft
Source: MIBOR as distributed by MLS GRID #22115854Report a problem
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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