2326 Winthrop Avenue, Indianapolis, IN 46205

• 2 beds |
• 1 bath |
• 845 sqft

Property Description

Prime Investor Opportunity Near Monon Trail & Downtown - 2BR/1BA, 2-car detached Garage with Conversion Potential Excellent entry-level investment opportunity just 1 block from the Monon Trail in a gentrifaction area that's at full throttle! This property is currently configured as a 2/1, with an aapx 550SF garage BUT offers a unique opportunity to create two separate Single-Family Residential (SFR) units. Draft conceptual floor plans are attached to illustrate a potential layout for the two-unit configuration each with 2 BRs, washer/dryer hookup and off-street parking. The primary SFR has 1.5 baths and a porch. The 2nd unit is designed to be separately metered and totally electric to maximize the existing rooftop solar panels. This property offers a tremendous 'value-add' opportunity for an investor looking to sale/rent both SFRs and/or a homeowner looking to reside in 1 unit, and sell, rent or AirBNB the other. Offered AS-IS for just $120,000. The after-repaired value (ARV) as 2 separate SFR as drafted should excess $250k. Buyer due diligence is required to independently verify zoning, permitted use, ARV, etc.

Listing Status:

Active

Data Last Updated:

October 9, 2026 at 4:20AM

Listing Office:

E & L Son Enterprise, LLC : 317-789-7093

Listing Agent:

Pamela Journey : 317-789-7093

MLS ID:

22128232

Interior

• Appliances: Gas OvenRefrigeratorWater Heater
• Flooring: Hardwood
• A/C: Window Unit(s)
• Heating: Natural GasSolar

Exterior

• Style: Ranch
• Parking: Detached

Construction

• General: OneCrawl Space

Location

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

Lot

• Zoning: Reagan Park Add L182 Also 2Ft N Side L183490625187089000101

Utilities

• Utilities: Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected200+ Amp Service
• Water: Public

Financial

• Source: mibor