239 E Caven Street, Indianapolis, IN 46225

Property Description

Attention investors and house hackers! Ground has just been broken on this brand-new upper/lower duplex in the highly desirable Bates-Hendricks neighborhood, just south of downtown Indianapolis. Each thoughtfully designed unit will feature an open-concept layout with a spacious living room, dining area, and kitchen, along with three bedrooms, two full baths, and a dedicated laundry room-ideal for today's renters. Located in one of Indy's fastest-growing areas, this property offers strong income potential, with projected rents ranging from $1,800 to $2,200 per month per unit. Estimated completion is set for late September, giving you the opportunity to secure a brand-new, low-maintenance asset before it hits the market. Whether you're looking to expand your investment portfolio or take advantage of a house-hacking opportunity by living in one unit and renting the other, this property checks all the boxes. Enjoy walkable access to the continued growth of Bates-Hendricks and just minutes from the dining, nightlife, and energy of nearby Fountain Square.

Listing Status:

Active

Data Last Updated:

April 30, 2026 at 3:17AM

Listing Office:

F.C. Tucker Company : 812-208-0498

Listing Agent:

Rob Measel : 812-208-0498

MLS ID:

22098184

Interior

• Laundry: Laundry Room

Exterior

• Style: Traditional

Construction

• Roofing: Asphalt
• General: Two

Location

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

Lot

• Zoning: Hildebrands L36491113104056005101
• Current Use: Apt<20

Financial

• Source: mibor