438 Jefferson Avenue, Indianapolis, IN 46201

Property Description

This fully leased duplex, just minutes from downtown Indianapolis, sits in a lively, up-and-coming neighborhood. Updated in 2023, it offers immediate cash flow and strong income potential, with current rents still under market rates. Each unit has 3 bedrooms, 1.5 baths, a living and dining room, plus a laundry room with included appliances. The unfinished basement adds storage or future upgrade options. Outside, there's a covered front porch and fenced backyards, each private to its unit-perfect for long-term tenants. Close to downtown, dining, and entertainment, it's a great pick for investors seeking a solid property with room to grow. Tenants pay all utilities except water, which is covered by the owner. Showings require 48 hours' notice.

Listing Status:

Active

Data Last Updated:

February 16, 2026 at 1:19PM

Listing Office:

Shouse Realty Group LLC : 480-226-1817

Listing Agent:

Danielle Shouse : 480-226-1817

MLS ID:

22082984

Interior

• Laundry: Connections AllLaundry Room
• Basement: Unfinished
• A/C: Central Air
• Heating: Forced Air

Exterior

• Style: Traditional
• Parking: Alley Access

Construction

• Roofing: Shingle
• General: TwoBrick/Mortar

Location

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

Lot

• Zoning: John O Cowyers Sub Johnson & Hogshire E Washst Add 50Ft S Side L1 Thru L4181110454009000003
• Current Use: Apt<20

Financial

• Source: mibor