$129,000

24 S Euclid Avenue, Indianapolis, IN 46201

Duplex
Built in 1924
5,663sqft lot
—— car garage
$——/sqft
Listed 6 months ago

Property Description

Repriced to reflect current market conditions and positioned for immediate upside, this 2 bed / 1 bath per unit duplex in Christian Park presents a strong value-add opportunity just five miles east of downtown Indianapolis. One unit is currently leased month-to-month at $900, with the second unit vacant and ready for lease. At stabilized rents of $900 per side, the property offers compelling income potential with a projected 11%+ cap rate and strong debt coverage under current financing conditions. Major capital improvements have already been completed, including a new roof, siding, and gutters in 2022, new HVAC and central air, updated laminate flooring, tiled showers, and a new water heater in 2025. With these big-ticket items addressed, investors and owner occupants can step into reduced near-term maintenance exposure.

Listing Status:: Pending
Data Last Updated:: April 5, 2026 at 3:19AM
Listing Office:: @properties : 630-301-1274
Listing Agent:: Colton Haymon : 630-301-1274
MLS ID:: 22066065

A/C: Central Air

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

Zoning: Haywoods Blvd Add L89491004124083001101
Current Use: Residential

Source: mibor

This listing courtesy of Colton Haymon , @properties

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Ralph W. Emerson Elementary School 58

321 N Linwood Ave, Indianapolis, IN, 46201

Grades PK-6

0.32 miles away

H. L. Harshman Magnet Middle School

1501 E 10th St, Indianapolis, IN, 46201

Grades 7-8

2.20 miles away

Arsenal Technical High School

1500 E Michigan St, Indianapolis, IN, 46201

Grades 9-12

2.24 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.