421 Villa Avenue Indianapolis, IN 46201
- Added:
- Apr 23, 2026
- Days on Market:
- 15
- Last Refresh:
- May 7 at 11:06 am
Property Features for 421 Villa Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Security features
- Smoke Detector(s)
- Exterior features
- Corner Lot
- Standard status
- Pending
- APN
- 491007205168000101
- Size
- 593 SF
- Lot size
- 0.10 Acres
Utilities
- Heating system
- Forced Air, Natural Gas
Building Details
- Year built
- 1920
- Number of units
- 2
- Building materials
- Vinyl Siding
- Roof type
- Asphalt
- Architectural style
- Ranch
Listing agent Peter Stewart License #RB15000083 (317) 846-6300
Listing office Keller Williams Indpls Metro N N Meridian St Ste 200, Carmel, IN (317) 846-6300
Listing date Apr 23, 2026
MLS# 22088932
Listing URL
Copyright © 2026 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.
HighLights
- Duplex: Ideal for investors or owner‑occupants.
- Projected to exceed the 1% rule at full occupancy. Market rents estimated at $800-$850 per unit.
- One unit is tenant‑occupied, generating immediate income; the other is move‑in/rent‑ready.
- Located in a revitalizing area near downtown, Fountain Square, and the Community Justice Campus.
- Separately metered gas and electric for each unit.
- No HOA fees.
Overview
Indianapolis Ranch Duplex Opportunity
Located in Indianapolis, this side-by-side ranch duplex at 421-423 Villa Ave presents an opportunity for investors and owner-occupants. Each of the two mirror-image units features 1 bed, 1 bath, and approximately 593 sq ft. One unit is tenant-occupied at $789 per month on a month-to-month lease, with the tenant responsible for gas, electric, and lawn care, while the owner covers water and sewer. The other unit has recently undergone turnover and is move-in or rent-ready. The property has separately metered gas and electric, along with a shared water and sewer meter. Situated on the southeast side of downtown, between Fountain Square and the Near Eastside, the location is experiencing revitalization with new builds and renovations. It is located minutes from downtown and the Community Justice Campus. The property is suitable for house hackers looking to offset their mortgage or investors targeting long- or mid-term rentals, with potential for short-term use following light cosmetic improvements. The lot size is 0.1 acres.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Indianapolis
- County
- Hamilton
- State
- Indiana
- Longitude
- -86.127271
- Latitude
- 39.760241
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Side-by-side duplex near downtown Indianapolis with income potential.
Where is this duplex located?
The property is located at 421 Villa Avenue Indianapolis, IN.
What is the asking price?
The asking price for this property is $149,000.
What are key features of this property?
This property features: Duplex: Ideal for investors or owner‑occupants.; Projected to exceed the 1% rule at full occupancy. Market rents estimated at $800-$850 per unit.; One unit is tenant‑occupied, generating immediate income; the other is move‑in/rent‑ready.
