1241 W 31st ST Active Save Request In-Person Tour Request Virtual Tour
Indianapolis,IN 46208
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 3,256 sqft
Price per Sqft $84
Subdivision Armstrongs 1St Add
MLS Listing ID 22073819
Bedrooms 6
Full Baths 2
HOA Y/N No
Year Built 1930
Tax Year 2024
Lot Size 5,227 Sqft
Acres 0.12
Property Sub-Type Single Family Residence
Property Description
Looking for a high-yield investment opportunity? This 6-bed home in Indianapolis offers flexible rental potential with six private bedrooms, two full baths, and a layout well-suited for shared housing models. Positioned near Riverside Park and just minutes from IUPUI, downtown employers, and public transit routes, the location supports consistent demand for housing from students, workforce renters, and voucher holders. Zoned single-family, this property has a strong rental history and is currently vacant for immediate lease-up or minor value-add upgrades. Large common areas, full kitchen, and convenient street parking make it easy to configure as traditional or shared living. Newer roof and updated mechanicals provide peace of mind. Investors looking to maximize returns through Section 8, room-by-room, or co-living strategies will find this an adaptable asset in a high-demand corridor. Nearby properties show stable cash flow potential with proper management. No HOA.
Location
State IN
County Marion
Rooms
Basement Unfinished
Main Level Bedrooms 6
Interior
Interior Features Attic Access
Heating Forced Air,Natural Gas
Cooling None
Fireplace N
Appliance Electric Cooktop,Microwave,Refrigerator
Building
Story One
Foundation Block
Water Public
Architectural Style Traditional
Structure Type Vinyl Siding
New Construction false
Schools
School District Indianapolis Public Schools