513 E 31st Street, Indianapolis, IN 46205

Property Description

Excellent duplex investment opportunity in the rapidly revitalizing Meridian Park/Boulevard Square area, surrounded by numerous renovated homes and ongoing redevelopment. Each side features 3 spacious bedrooms, 1 full bath with a tub/shower combination, durable LVP flooring throughout, and a full basement for additional storage. Both units offer a covered front porch, generous living room, separate dining area, full kitchen with ample cabinetry and counter space, and a rear deck. The functional floor plans and strong rental demand make this an attractive addition to any investment portfolio. Conveniently located with easy access to Fall Creek Parkway, providing quick commutes to Downtown Indianapolis and the Northside. Public transportation is just steps away, including IndyGo bus service and the Red Line. Unit 515 is currently vacant and requires only minor cosmetic touches to be rent-ready, presenting an immediate value-add opportunity. Unit 513 is tenant-occupied at $1,050 per month with a lease in place through March 2027, providing stable income from day one. Major updates include a new roof (April 2022), new A/C units (April 2023), and Sewer line updated & cleanout installed in April 2026. A solid income-producing property in one of Indianapolis' fastest-growing neighborhoods.

Listing Status:

Active

Data Last Updated:

July 5, 2026 at 1:20AM

Listing Office:

T&H Realty Services, Inc. : 317-777-0750

Listing Agent:

Rosie Berzenye : 317-777-0750

MLS ID:

22105658

Interior

• Laundry: Connections All
• Basement: Unfinished
• A/C: Central AirSeparate Meters
• Heating: Forced Air

Exterior

• Style: Traditional
• Parking: Alley Access

Construction

• General: TwoBlockFull

Location

• Road/Access: City Street
• Originating MLS: mibor
• School District: Indianapolis Public Schools
• County: Marion

Lot

• Zoning: D8Boulevard Square 61' E End L12490624138196001101
• Current Use: Residential

Financial

• Source: mibor