1741 Terrace Avenue, Indianapolis, IN 46203

• 6 beds |
• 2 baths |
• 3,072 sqft

Property Description

Spacious and versatile 6-bedroom, 2-bath property offering exceptional flexibility and income-producing potential! Previously configured as a duplex, this unique home features two full kitchens, two separate living rooms, and a layout that easily accommodates multi-generational living, rental opportunities, or continued use as a boarding house. Currently operating with 4 tenants on weekly rent, the property already provides established cash flow for investors looking to expand their portfolio. Inside, you'll find generously sized rooms, multiple common living areas, and large basements that provide ample storage space and added functionality. The enclosed front porch creates a welcoming entry and a comfortable place to relax year-round, while the back deck offers additional outdoor space for entertaining or enjoying quiet evenings. Outside, the property includes 4 rear gravel parking spaces for tenant or guest convenience, along with a storage barn perfect for tools, equipment, or extra storage needs. With its adaptable layout, strong rental potential, and abundance of space, this property presents a rare opportunity for investors, house hackers, or buyers seeking flexible living arrangements. Whether you continue operating it as an income-producing property or reimagine it for your own needs, the possibilities here are endless!

Listing Status:

Active

Data Last Updated:

May 20, 2026 at 6:18PM

Listing Office:

RE/MAX Advanced Realty : 317-554-7095

Listing Agent:

Michelle Jackson : 317-554-7095

MLS ID:

22102056

Interior

• General: Attic StairwayPaddle FanEat-in Kitchen
• Appliances: DryerMicrowaveElectric OvenGas OvenRefrigeratorWasher
• Laundry: In Basement
• Basement: FullStorage SpaceUnfinished
• A/C: Window Unit(s)
• Heating: Natural Gas

Exterior

• General: Storage Shed
• Style: Traditional
• Other Structures: DeckGlass Enclosed
• Parking: Alley AccessGuest

Construction

• General: TwoBlock

Location

• Originating MLS: mibor
• School District: Indianapolis Public Schools
• County: Marion

Lot

• Zoning: A Dennys Sub J F Wingate Sub L2 & 10.10Ft Nl X8.71Ft Sl E Side L1491018139002000101

Utilities

• Utilities: 100 Amp Service
• Water: Public

Financial

• Source: mibor