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Listed by Leyton Wellbaum • Highgarden Real Estate
$ 197,000
Est. payment /mo
New
1218 Union ST Indianapolis, IN 46225
3,049 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Mccartys South Add
MLS Listing ID 22067339
Year Built 1940
Tax Year 2024
Lot Size 3,049 Sqft
Acres 0.07
Property Sub-Type Duplex
Property Description
Discover an incredible investment or house hacking opportunity in the heart of Indy's Old Southside, just steps from everything downtown has to offer. This 7-bedroom, 4-bath single-family home is ideally situated less than a mile from Lucas Oil Stadium, a half mile from Eli Lilly's corporate offices, one mile from the Indiana Convention Center, and just minutes from major employers and attractions like White River Gardens Concert Venue, IU Health and Riley Hospital, Eskenazi Hospital, and I-70 for easy access. The property is also only 15 minutes from Indianapolis International Airport, making it a prime location for short-term rental guests. Airbnb rates in the area range from $36 to $187 per night in the winter season, giving investors strong income potential. The home features a flexible layout with 3 bedrooms and 2 baths downstairs and 4 bedrooms and 2 baths upstairs, along with two kitchens and two laundry areas-ideal for co-living, Airbnb, or creating separate rentable spaces. Major system updates include a new central air system, two water heaters, and a heat pump, all installed in 2020, along with newly insulated exterior walls, fresh paint, and new flooring in 2022. All furniture stays with the home, and the property is being sold as-is, fully furnished. Classified as 419 "Other Com Housing" in public records, the property also comes with a foundation repair estimate on file. It's currently caretaker-occupied with no lease in place, allowing immediate flexibility for a new owner.
Location
State IN
County Marion
Rooms
Basement Exterior Entry, Interior Entry, Unfinished
Interior
Cooling Window Unit(s)
Fireplace N
Exterior
View Y/N false
Roof Type Asphalt
Building
Story Two, One and One Half
Foundation Block
Architectural Style Traditional
Structure Type Vinyl Siding
New Construction false
Schools
School District Indianapolis Public Schools
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