# 1221 Lee Street, Indianapolis, IN 46221 > **TL;DR:** 1bd/1ba multi-family, $170,000, built 1938. > 2-car garage. Est. $910/mo. Listed 49 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $170,000 | | Bedrooms | 1 | | Bathrooms | 1 full | | Year Built | 1938 | | Lot Size | 11,326 sqft (0.26 acres) | | Garage | 2-car | | Property Type | Multi-Family (Duplex) | | Status | Active | | Days on Market | 49 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $860 | | Estimated Insurance | $50 | | **Total** | **$910** | ## Key Amenities - 2-car garage ## Property Highlights - Built in 1938 - 0.26 acre lot ## Description ### Agent 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! ## Location - **Address:** 1221 Lee Street, Indianapolis, IN 46221 - **County:** Marion - **Neighborhood:** L C Coburns Sub J F - **Coordinates:** 39.750452, -86.191809 - **Google Maps:** https://www.google.com/maps?q=39.750452,-86.191809 ## Listing Agent - **Name:** Carolyn Gonzalez - **Brokerage:** The Modglin Group - **Broker Phone:** (317) 900-6015 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/1221-Lee-St_Indianapolis_IN_46221_M40543-76018?f=listhub&s=MIBORIN&m=22125729&c=propsimple) ## Photos ![1221 Lee Street - Photo 1](http://lh.rdcpix.com/c3c3d53fa34c50aecac3b43eb9f36ae0l-f488644337r.jpg) ![1221 Lee Street - Photo 2](http://lh.rdcpix.com/c3c3d53fa34c50aecac3b43eb9f36ae0l-f304721120r.jpg) ![1221 Lee Street - Photo 3](http://lh.rdcpix.com/c3c3d53fa34c50aecac3b43eb9f36ae0l-f2474862474r.jpg) ![1221 Lee Street - Photo 4](http://lh.rdcpix.com/c3c3d53fa34c50aecac3b43eb9f36ae0l-f3161581638r.jpg) ![1221 Lee Street - Photo 5](http://lh.rdcpix.com/c3c3d53fa34c50aecac3b43eb9f36ae0l-f3324374551r.jpg) ![1221 Lee Street - Photo 6](http://lh.rdcpix.com/c3c3d53fa34c50aecac3b43eb9f36ae0l-f3829922774r.jpg) ![1221 Lee Street - Photo 7](http://lh.rdcpix.com/c3c3d53fa34c50aecac3b43eb9f36ae0l-f3185326071r.jpg) ![1221 Lee Street - Photo 8](http://lh.rdcpix.com/c3c3d53fa34c50aecac3b43eb9f36ae0l-f377486896r.jpg) ![1221 Lee Street - Photo 9](http://lh.rdcpix.com/c3c3d53fa34c50aecac3b43eb9f36ae0l-f1112599637r.jpg) ![1221 Lee Street - Photo 10](http://lh.rdcpix.com/c3c3d53fa34c50aecac3b43eb9f36ae0l-f4109167424r.jpg) ![1221 Lee Street - Photo 11](http://lh.rdcpix.com/c3c3d53fa34c50aecac3b43eb9f36ae0l-f3690336962r.jpg) ![1221 Lee Street - Photo 12](http://lh.rdcpix.com/c3c3d53fa34c50aecac3b43eb9f36ae0l-f1189826749r.jpg) ![1221 Lee Street - Photo 13](http://lh.rdcpix.com/c3c3d53fa34c50aecac3b43eb9f36ae0l-f821333559r.jpg) ![1221 Lee Street - Photo 14](http://lh.rdcpix.com/c3c3d53fa34c50aecac3b43eb9f36ae0l-f4236594092r.jpg) --- **MLS#:** 22125729 | **Updated:** 2026-10-26 **Source:** listhub *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.* [View on PropertySimple](https://www.propertysimple.ai/listing/1221-lee-street-indianapolis-in-46221-fd931c2a6a264e79ab3eb3fec43dec20) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/1221-lee-street-indianapolis-in-46221-fd931c2a6a264e79ab3eb3fec43dec20#listing", "url": "https://www.propertysimple.ai/listing/1221-lee-street-indianapolis-in-46221-fd931c2a6a264e79ab3eb3fec43dec20", "name": "1221 Lee Street, Indianapolis, IN 46221", "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. 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