802 E Raymond Street, Indianapolis, IN 46203

Property Description

Fantastic investment opportunity for a turnkey property that has been consistently rented for the past 30 years. This exceptionally maintained property features a maintenance-free exterior with siding and windows updated, as well as newer HVAC systems and water heaters. The units offer excellent hardwood floors and ample closet space. All appliances are included in both units including Washers and dryers. One side currently brings in $675 per month with long-term tenants, Pleasant Run side is ready to rent. There is significant potential to increase rent to $900-$1,000 per month, especially given the included 2 car garage parking and off street parking. Additionally, the property includes a full dry basement-confirmed by photos taken after heavy rains-which could easily be converted into another bedroom or living area with the installation of egress windows. Located just steps away from Garfield Park. Just minutes from Downtown, Fountain Square & Bates Hendricks. Also easy near access to I-65. This is an ideal long-term rental for anyone looking to start or expand their portfolio.

Listing Status:

Active

Data Last Updated:

April 30, 2026 at 4:19AM

Listing Office:

Indiana Real Estate Alliance, : 317-408-4877

Listing Agent:

Randy Myers : 317-408-4877

MLS ID:

22098366

Interior

• Basement: FullStorage SpaceUnfinished
• Heating: Natural Gas

Exterior

• Style: BungalowRanch
• Parking: Detached

Construction

• Roofing: Asphalt
• General: OneBlock

Location

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

Lot

• Zoning: Hilgemeier Sub Beatys Add L1 B4 Ex 17.02Ft Wl X7.10Ft El S End For St491113161006000101
• Current Use: Apt<20

Financial

• Source: mibor