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3102 Central Avenue, Indianapolis, IN 46205

Indianapolis
Local realty services provided by:CENTURY 21 Scheetz
3102 Central Avenue,Indianapolis, IN 46205
$249,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Pending
Listed by: peter stewart
Office: keller williams indpls metro n
MLS#:22112664
Source:IN_MIBOR

Price summary

  • Price:$249,000

About this home

Exceptional investor opportunity with immediate income and significant upside in the heart of Mapleton-Fall Creek! This 1910 side-by-side duplex offers a turnkey, cash-flowing asset priced more than $100K below its recent purchase price for an expedited sale. Each mirrored 3BR/1.5BA unit offers approximately 1,700 sq ft across multiple levels, featuring spacious open-concept main floors with high ceilings, decorative fireplaces, upper-level laundry, full unfinished basements, third-floor bonus/flex rooms, and a rare attached garage. Cosmetically updated in 2022, including kitchens, baths, flooring, and more, the property is fully occupied with tenant-paid utilities and leases running into mid-to-late 2027. Currently professionally managed by Polaris for a seamless transition, both units rent for $1,095/month-well below market, with Rentometer showing 3BR rents in this pocket can exceed $1,900/month. Additional value-add potential exists by adding central AC to the existing ductwork,...

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Home facts

  • Year built:1910
  • Listing ID #:22112664
  • Added:16 day(s) ago
  • Updated:July 26, 2026 at 07:37 AM

Rooms and interior

  • Basement:Yes
  • Basement Description:Basement, Unfinished

Heating and cooling

  • Cooling:Window Unit(s)
  • Heating:Forced Air

Structure and exterior

  • Roof:Asphalt
  • Year built:1910
  • Lot area:0.08 Acres
  • Construction Materials:Vinyl With Brick

Finances and disclosures

  • Price:$249,000

Parking

  • Garage:Yes
  • Garage spaces:1
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