About This Home

This 1-bedroom, 1-bathroom multi-family at 1221 Lee Street in Indianapolis, IN is listed for $170,000. Built in 1938, on a 0.26 acres lot.

Key Features

  • Built in 1938
  • 0.26 acre lot

Property Details

1 full
2-car garage
1938
Listing Description

This 2-bedroom, 2-bath duplex offers an excellent opportunity for an investor looking to add to their portfolio. The property also includes an additional vacant lot, creating exciting potential for future development. The additional lot could be an ideal location for a second duplex, subject to zoning, setbacks, utilities, permits, and buyer due diligence.

Whether you're looking for an income-producing property, a value-add investment, or an opportunity to expand your rental portfolio, this property offers plenty of possibilities. Live in one unit, rent the other, or maximize the potential of both parcels. Opportunities like this don't come along often an existing duplex plus additional land for potential future development!

Monthly Cost Estimate

$909/mo

20% down · 6.5% · 30 years

Principal$123
Interest$737
Insurance$50

Estimates only. Actual payments may vary.

Location

1221 Lee Street

Indianapolis, IN 46221

L C Coburns Sub J F

Questions & Answers

This 1-bedroom, 1-bathroom multi-family at 1221 Lee Street is listed at $170,000. The estimated monthly payment is $910 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1938, 0.26 acre lot.

This property is listed by Carolyn Gonzalez.

CG

Carolyn Gonzalez

Agent at The Modglin Group

Listed by The Modglin Group · Broker phone: (317) 900-6015 · View on Broker Site · Broker website

MLS# 22125729· Source: Broker Listing Cooperative®· 47 days on PropertySimple

Copyright © 2026 Broker Listing Cooperative®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1221 Lee Street, Indianapolis, IN 46221

Open this listing in: