About This Home
This 2-bedroom, 1-bathroom, 832-square-foot single-family home sits on a 0.13-acre lot in Indianapolis, Indiana. Built in 1940, the property includes attic access, central air conditioning, and forced-air heating. Located in the Miller & Wacker Parkway neighborhood, it is within walking distance of Riverside Park.
The home is currently rented for $1,425 per month, with a lease in place through September 2026, providing an established rental arrangement for its next owner. Listed at $108,000, this property offers a compact footprint and an existing tenant situation. Its single-family design, two-bedroom layout, and core mechanical features make it suited to buyers seeking a rental property in West Indianapolis. The property is offered as an income-producing home with occupancy and lease terms already established.
Key Features
- Built in 1940
- 0.13 acre lot
Property Details
Amenities
RENTED FOR $1,425/MONTH, this West Indianapolis single-family is generating income on day one with a lease in place through September 2026. Walking distance to Riverside Park, this is a low entry point at $115,000 with a reliable tenant already in place - an easy add to any rental portfolio.
Monthly Cost Estimate
$578/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1440 Herschell Avenue
Indianapolis, IN 46202
Miller & Wacker Parkway
Features & Amenities
Interior Features
Property Details
Construction
Heating
Cooling
Questions & Answers
This 2-bedroom, 1-bathroom single family at 1440 Herschell Avenue is listed at $108,000 ($130/sqft). The estimated monthly payment is $578 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1940, 0.13 acre lot. Interior Features: Attic Access.
This property is listed by Max Moore and can be reached at (317) 489-3441.
