$275,000

1241 W 31st Street, Indianapolis, IN 46208

  • 6 beds |
  • 2 baths |
  • 1,628 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1930
  • Property Lot Size Icon5,227sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $169/sqft
  • Property List Date Icon Listed 3 months ago

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.

Listing Status:
Active
Data Last Updated:
February 16, 2026 at 7:19AM
Listing Office:
No Limit Real Estate, LLC : 317-440-2149
Listing Agent:
Charlene Gaard : 317-440-2149
MLS ID:
22073819
  • General: Attic Access
  • Appliances: Electric CooktopMicrowaveRefrigerator
  • Basement: Unfinished
  • A/C: None
  • Heating: Forced AirNatural Gas
  • Style: Traditional
  • Other Structures: Covered
  • General: OneBlock
  • Originating MLS: mibor
  • School District: Indianapolis Public Schools
  • County: Marion
  • Zoning: Armstrong 1st Add L20 B13490622102064000101
  • Water: Public
  • Source: mibor

This listing courtesy of Charlene Gaard , No Limit Real Estate, LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

G

Global Prep Academy School 44

2033 Sugar Grove Ave, Indianapolis, IN, 46202

Grades PK-6

1.11 miles away

G

George Washington Carver Montessori School 87

2411 Indpls Ave, Indianapolis, IN, 46208

Grades PK-8

1.11 miles away

S

Shortridge High School

3401 N Meridian St, Indianapolis, IN, 46208

Grades 9-12

1.64 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

Similar Listing

1621 Ingram Street, Indianapolis, IN 46218
Single-Family Home For Sale

$299,900

  • 5 bed |
  • 2 bath |
  • 1,684 sqft |
1621 Ingram Street Indianapolis, IN 46218

#22082125 - RE/MAX At The Crossing