Skip to main content
Back to Search Results
|

25 S Spencer Avenue, Indianapolis, IN 46219

Show All 36 Photos
For Sale

$299,000

0.24 acres

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Newly Listed
    Time on Century 21

  • 0.2 acres
    Lot size

  • Over 50 Years Old
    Age

Explore this Property

Welcome to 23-25 Spencer Ave, a classic side-by-side duplex in the heart of Historic Irvington, one of Indy's most treasured neighborhoods known for its tree-lined streets, unique shops, Ellenberger Park, Pleasant Run Golf Course, the Pennsy Trail, and quick 15-minute access to downtown. Each unit mirrors the other with 3 bedrooms, 1.5 baths, and 1,544 sq ft of living space plus a full unfinished basement with laundry hookups, as well as a covered front porch, original hardwood floors, arched doorway with built-ins, and a decorative fireplace that showcase timeless character. The kitchens feature stainless steel appliances and a convenient main-level half bath, while upstairs you'll find more original hardwood flooring and a full bath serving the bedrooms. Both units have their own bay of the detached two-car garage, and all utilities are separately metered and paid by the tenants-minimizing owner expenses. Recent updates include newer HVAC systems (2022 & 2025) and full electrical rewiring (2022). Unit 23 is rented for $1,100/mo through 10/31/25 and Unit 25 for $1,200/mo through 2/28/26, providing immediate income with strong upside potential as 3-bedroom market rents in the area are projected around $1,500+. A spacious shared attic presents an additional opportunity for expansion. With one lease ending this October, it's also ideal for an owner-occupant looking to house hack in a thriving community that blends historic charm with ongoing revitalization. Rarely does a property offer such a strong mix of stability, cash flow, and growth potential in such a sought-after neighborhood!
MLS# 22063449

Courtesy Of Keller Williams Indianapolis Metro North

(317) 846-6300

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    New Traditional
  • Heating System
    Forced Air
  • Lot Size
    0.24 Acres
  • Rooms
    Basement

Map and Directions

Directions to 25 S Spencer Avenue, Indianapolis, IN 46219

Home seller CENTURY 21 Scheetz

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Scheetz

(317) 844-5111
Learn More About Us

Mortgage Calculator

$
$ %
Loan Term
%
Invalid number

$ /year
$ /year
$ /month

Monthly Payment Breakdown

  • Principle and Interest
    $0
  • Property Taxes
    $0
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $0

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

An Equal Opportunity Company

Copyright © 2025 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.