Investor opportunity in the heart of Indianapolis! Welcome to 614 E 21st St, Indianapolis, IN 46202! Strong cash flow potential meets quality construction in this exceptional investment property located in one of Indianapolis' growing urban corridors. Whether you're expanding your rental portfolio, executing a house-hack strategy, or seeking a… Read More short-/mid-term rental opportunity, this asset offers multiple income streams and long-term upside. The primary residence is a well-appointed traditional home featuring upgraded finishes that attract quality tenants, including a modern kitchen with granite countertops, stainless steel appliances, dark cabinetry, an undermount sink, and a butler's pantry. Engineered hardwood flooring throughout the main level enhances durability and appeal, while the spacious layout supports strong rental demand. The upper-level primary suite includes premium finishes with a custom tiled shower, granite dual vanities, and an attractive bath design, while additional bathrooms offer comparable upgraded finishes-helping position the property above average rental inventory. The true value-add is the detached income-producing carriage house, creating a compelling multi-income opportunity. This separate unit includes private access, dedicated laundry, private patio, garage bay, and carport parking, making it highly marketable for long-term tenants, furnished rentals, guest housing, or owner-occupant offset income. Exterior amenities, including a private fenced backyard and large patio further increase tenant desirability and retention. Both units are currently occupied. The main house is leased until 9/30/2026, and the Carriage house is leased as a rental arbitrage until 7/31/2028 as an Airbnb. This property is professionally managed, and the current management company is interested in continuing to manage this property. Read Less
Courtesy of Eddy Properties, LLC.
Listing Snapshot
Days Online
2
Last Updated
Property Type
Single Family Residence
Beds
4
Full Baths
3
Partial Baths
1
Square Ft.
2,432
Lot Size
0.19 Acres
Year Built
2008
MLS Number
22101364
30 Days Snapshot Of 46202
$547k
+27%
(avg) sold price
31
+40%
homes sold
102
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Description: "Dishwasher", "Electric Water Heater", "Disposal", "Microwave", "Electric Oven", "Refrigerator"
Building
Area: 2432, Architecture: "Traditional", Building Area: 2432, Construction Materials: "Cement Siding", Levels: "Two", Year Built: 2008
Cooling
Details: "Central Air"
Garage
Garage Spaces: 3
Heating
Heating: "Electric", "Forced Air"
Lot
Acres: 0.19, MLS Acres: <1/4 Acre
Utilities
Water Source: "Public"
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
Listings courtesy of MIBOR Broker Listing Cooperative as distributed by MLS GRID, based on information submitted to the MLS GRID as of . Information is provided exclusively for consumers' personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may be listed or sold by various participants in the MLS, who may not be the office/agent presenting the information.
Confirm your time
Fill in your details and we will contact you to confirm a time.