# 1119 S Randolph Street, Indianapolis, IN 46203

> **TL;DR:** multi-family, $529,800, built 1920. Est. $2,296/mo. Listed 1 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $529,800 |
| Year Built | 1920 |
| Lot Size | 2,614 sqft (0.06 acres) |
| Property Type | Multi-Family (Duplex) |
| Status | For Sale |
| Days on Market | 1 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $2,296 |
| **Total** | **$2,296** |

## Property Highlights

- Built in 1920
- 0.06 acre lot

## Description

### Agent Description
Rare opportunity to purchase two furnished, income-producing mid-term rental properties preferably sold as a pair in one of Indy's most convenient near-downtown locations. Located at 1119 and 1123 S Randolph St, these two neighboring homes share a backyard and have been successfully utilized as furnished rent-by-the-room stays, primarily serving healthcare professionals and traveling tenants looking for flexible housing near downtown Indianapolis, Fountain Square, local hospitals, and major employment hubs. The properties offer a strong current income, operational flexibility, and long-term upside. Each home is already furnished and currently operating as a room-by-room rental, creating a turnkey opportunity for an investor looking to step into an existing mid-term rental model rather than build one from scratch. Income for 1119 S Randolph St generated $36,157.17 in total gross income, while 1123 S Randolph St generated $32,215.26 in total gross income. Together, the two properties produced $68,372.43 in total gross income during that period. Whether continuing the current furnished rent-by-the-room strategy, transitioning to traditional mid-term rentals, or exploring another furnished housing model, this package gives investors multiple paths to operate and optimize. With proximity to downtown Indy, Fountain Square, local hospitals, major interstates, restaurants, nightlife, and employment centers, these homes are well-positioned for continued tenant demand from traveling healthcare workers, professionals, and renters seeking flexible furnished housing.

## Location

- **Address:** 1119 S Randolph Street, Indianapolis, IN 46203
- **County:** Marion
- **Neighborhood:** Fountain Square
- **Coordinates:** 39.751755, -86.127485
- **Google Maps:** https://www.google.com/maps?q=39.751755,-86.127485

## Listing Agent

- **Name:** Kyle Hoffman
- **Brokerage:** @properties
- **Phone:** 3175069002
- **Email:** kyle@rootsrealty.co

## Primary Photo

![1119 S Randolph Street - Primary Photo](http://lh.rdcpix.com/6b00dda8aa837a1557299754d76779e6l-f3117993096r.jpg)

*57 total photos available on [listing page](https://www.propertysimple.com/listing/1119-s-randolph-street-indianapolis-in-46203-22106437)*

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**MLS#:** 22106437 | **Updated:** 2026-06-19
**Source:** listhub

*Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/1119-s-randolph-street-indianapolis-in-46203-22106437)

---

## Structured Data

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