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1119 S Randolph Street, Indianapolis, IN 46203

Indianapolis
Local realty services provided by:CENTURY 21 Scheetz
1119 S Randolph Street,Indianapolis, IN 46203
$499,900
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: kyle hoffman
Office: @properties
MLS#:22106437
Source:IN_MIBOR

Price summary

  • Price:$499,900

About this home

Rare opportunity to purchase two furnished, income-producing mid-term rental properties preferably sold as a pair in one of Indy's most convenient near-downtown locations. Located at 1119 and 1123 S Randolph St, these two neighboring homes share a backyard and have been successfully utilized as furnished rent-by-the-room stays, primarily serving healthcare professionals and traveling tenants looking for flexible housing near downtown Indianapolis, Fountain Square, local hospitals, and major employment hubs. The properties offer a strong current income, operational flexibility, and long-term upside. Each home is already furnished and currently operating as a room-by-room rental, creating a turnkey opportunity for an investor looking to step into an existing mid-term rental model rather than build one from scratch. Income for 1119 S Randolph St generated $36,157.17 in total gross income, while 1123 S Randolph St generated $32,215.26 in total gross income. Together, the two properties...

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Home facts

  • Year built:1920
  • Subdivision & Development:Fountain Square
  • Listing ID #:22106437
  • Added:56 day(s) ago
  • Updated:July 31, 2026 at 04:28 PM

Structure and exterior

  • Year built:1920
  • Lot area:0.06 Acres

Finances and disclosures

  • Price:$499,900
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