This turnkey investment opportunity features a well-maintained duplex with two 2-bedroom units, both currently leased at $1,070 per month through summer 2027. With immediate rental income, potential for future rent growth, and a great location, this property is a strong addition to an existing portfolio or an attractive entry point for a new investor. Additional investment properties from the same portfolio are also available for purchase.
Active
$240,000
3946-3948 S Walcott St, Indianapolis, IN 46227
4beds
2baths
--sqft
Multi Family, Duplex
Built in 1967
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 1 day |
- 193 |
- 17 |
Zillow last checked:
Listing updated:
Listed by:
Antwon Culbreath 463-224-6687,
Redfin Corporation
Source: MIBOR as distributed by MLS GRID,MLS#: 22120765
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Features
- Has basement: No
Property
Parking
- Parking features: Other
- Details: Unit Parking(On Street)
Features
- Levels: One
- Stories: 1
Lot
- Size: 10,018 Square Feet
Details
- Parcel number: 491030118064000574
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Multi Family, Duplex
Materials
- Brick
- Foundation: Crawl Space
Condition
- New construction: No
- Year built: 1967
Community & HOA
Community
- Subdivision: South Indianapolis
Location
- Region: Indianapolis
Financial & listing details
- Annual tax amount: $5,526
- Date on market: 8/25/2026
- Cumulative days on market: 3 days
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/25/2026 | Listed for sale | $240,000 |
Source:  MIBOR as distributed by MLS GRID #22120765 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: University Heights
Nearby schools
GreatSchools rating
- 4/10Southport 6th Grade AcademyGrades: 6Distance: 1.8 mi
- 5/10Southport High SchoolGrades: 9-12Distance: 2.8 mi
- 5/10Southport Middle SchoolGrades: 7-8Distance: 1.8 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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