405 N Keystone Avenue, Indianapolis, IN 46201

Property Description

Unique opportunity to own this fully renovated duplex just minutes from Downtown Indianapolis. This true multifamily property features two large mirror-image units, each offering 3 bedrooms and 2.5 bathrooms, for a combined total of 6 bedrooms, 4 full baths, and 2 half baths. Each unit welcomes you with a covered front porch before entering bright living spaces with 9-foot ceilings, historic exposed brick, and open-concept layouts. The updated kitchens feature stainless steel appliances, soft-close cabinetry, and butcher block countertops. The main floor of each unit also includes a guest half bath and in-unit washer & dryer hookups for everyday convenience. Upstairs you'll find two spacious bedrooms with walk-in closets and a shared full bathroom, leading to a private primary suite with vaulted ceilings, a large walk-in closet, and tiled shower. Additional highlights include new LVP flooring throughout, basement storage, rear deck, fenced backyard, and split storage garage. Separate entrances and mirrored layouts make the property easy to manage and well suited for long-term rental income. Ideal for owner-occupants looking to live in one side and rent the other, or investors seeking a turnkey addition to their rental portfolio in Indianapolis's growing urban core. One unit is currently leased for $2,200/month, offering immediate income, while the second unit provides additional rental potential and the opportunity to offset your mortgage. Located just over 1.5 miles from the Bottleworks District and Mass Ave, this property offers quick access to some of Indianapolis' best dining, entertainment, and downtown amenities. The newly updated New York and Michigan Street corridors make commuting downtown easy by car, bike, or on foot.

Listing Status:

Active

Data Last Updated:

April 2, 2026 at 4:19PM

Listing Office:

@properties : 317-353-4762

Listing Agent:

Tyler Willis : 317-353-4762

MLS ID:

22088820

Interior

• Laundry: Connections AllLaundry Closet
• Basement: CellarStorage SpaceUnfinished
• A/C: Central Air
• Heating: Forced AirHeat Pump

Exterior

• Parking: Detached

Construction

• Roofing: AsphaltShingle
• General: TwoBlockBrick/MortarCellarCrawl SpaceDivided

Location

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

Lot

• Zoning: Johnsons E Ohio St Add L103 & 7Ft N Side L102491006121105000101
• Fencing: Privacy
• Current Use: Apt>20

Financial

• Source: mibor