Looking for a reliable rental in a convenient location? This Indianapolis bungalow offers a solid investment with minimal hassle. Renovated in March 2024 and currently leased at $950/month through May 2026, it's a turn-key opportunity with income already in place. The home features 2 bedrooms, 1 bathroom, and an unfinished basement that provides useful storage or potential future value. Situated just minutes from Downtown Indy, Mass Ave, Little Flower, Irvington, and Brookside Park & Disc Golf Course, the property is in a central location that continues to see steady demand from renters. With updates already taken care of and a lease in place, it's a straightforward addition to your investment strategy. Schedule a showing and see if this opportunity fits your goals-rental properties with this kind of convenience don't last long.
63 days
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346
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27
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Zillow last checked:
Listing updated:
Listed by:
Eric Forney317-271-5959,
Keller Williams Indy Metro Partners,
Ido Shuqrun317-970-9236,
Keller Williams Indy Metro Partners
Source: MIBOR as distributed by MLS GRID,MLS#: 22102890
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 2
Bathrooms: 1
Full bathrooms: 1
Main level bathrooms: 1
Main level bedrooms: 2
Primary bedroom
Level: Main
Area: 144 Square Feet
Dimensions: 12x12
Bedroom 2
Level: Main
Area: 144 Square Feet
Dimensions: 12x12
Kitchen
Level: Main
Area: 100 Square Feet
Dimensions: 10x10
Living room
Level: Main
Area: 196 Square Feet
Dimensions: 14x14
Heating
Forced Air, Electric
Cooling
None
Appliances
Included: None
Features
Hardwood Floors
Flooring: Hardwood
Basement: Unfinished
Interior area
Total structure area: 1,344
Total interior livable area: 1,344 sqft
Finished area below ground: 0
Property
Parking
Total spaces: 1
Parking features: Detached
Garage spaces: 1
Features
Levels: One
Stories: 1
Patio & porch: Covered
Fencing: Fenced,Full
Lot
Size: 4,791 Square Feet
Features: Busline, Curbs, Sidewalks, Street Lights, Suburb, Mature Trees
Details
Parcel number: 491005131008000101
Horse amenities: None
Construction
Type & style
Home type: SingleFamily
Architectural style: Bungalow,Ranch
Property subtype: Residential, Single Family Residence
Materials
Vinyl Siding
Foundation: Block
Condition
New construction: No
Year built: 1925
Utilities & green energy
Water: Public
Community & HOA
Community
Subdivision: Schmidt & Connells
HOA
Has HOA: No
Location
Region: Indianapolis
Financial & listing details
Price per square foot: $60/sqft
Tax assessed value: $65,200
Annual tax amount: $1,396
Date on market: 5/19/2026
Cumulative days on market: 309 days
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
Not available
Price history
Date
Event
Price
7/6/2026
Price change
$80,000-11%$60/sqft
Source: MIBOR as distributed by MLS GRID #22102890Report a problem
5/19/2026
Listed for sale
$89,900-5.3%$67/sqft
Source: MIBOR as distributed by MLS GRID #22102890Report a problem
4/1/2026
Listing removed
$94,900$71/sqft
Source: MIBOR as distributed by MLS GRID #22053942Report a problem
2/11/2026
Price change
$94,900-9.6%$71/sqft
Source: MIBOR as distributed by MLS GRID #22053942Report a problem
11/26/2025
Price change
$105,000-12.4%$78/sqft
Source: MIBOR as distributed by MLS GRID #22053942Report a problem
7/31/2025
Listed for sale
$119,800+166.2%$89/sqft
Source: MIBOR as distributed by MLS GRID #22053942Report 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.
See how much you could borrow to make a competitive offer.
Source: MIBOR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.