About This Home

This 2-bedroom, 1-bathroom single family at 1466 S Worth Avenue in Indianapolis, IN is listed for $240,000 ($235 per sqft). Built in 1940, the home offers 1,020 sqft of living space on a 0.19 acres lot.

Key Features

  • Built in 1940
  • 0.19 acre lot

Property Details

1 story
1 full
1940

Amenities

A/C
Listing Description

Looking for a turnkey investment opportunity? This unique property offers two fully renovated homes on one lot, providing immediate rental income and excellent flexibility. The 1,020 sq. ft. main home features 2 bedrooms and 1 full bath and is currently leased for $1,590 per month.

A separate 750 sq. ft. garage apartment offers an additional 1 bedroom and 1 full bath and is currently leased for $1,100 per month. The main home has been extensively renovated with major updates including a newer roof, flooring, plumbing, electrical, windows, HVAC system, and a beautifully updated kitchen with new appliances.

Spacious bedrooms and comfortable living areas make this a desirable and functional home for tenants. The detached garage apartment has also been fully renovated and features its own updated kitchen, appliances, and private bath. With separate living spaces and strong rental income, this property presents an excellent opportunity for investors seeking a low-maintenance addition to their portfolio.

Both residences share a driveway and offer ample yard space. Current combined rental income is $2,690 per month. Tenant rights apply.

Monthly Cost Estimate

$1,284/mo

20% down · 6.5% · 30 years

Principal$174
Interest$1,040
Insurance$70

Estimates only. Actual payments may vary.

Location

1466 S Worth Avenue

Indianapolis, IN 46241

Sunset Park

Features & Amenities

Interior Features

Vaulted Ceiling(s)Cathedral Ceiling(s)

Property Details

Construction

Vinyl Siding

Outdoor Features

Porch

Parking

Garage

Heating

Forced Air

Cooling

Central Air

Appliances

DishwasherMicroHoodElectric OvenRefrigerator

Questions & Answers

This 2-bedroom, 1-bathroom single family at 1466 S Worth Avenue is listed at $240,000 ($235/sqft). The estimated monthly payment is $1,284 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1940, 0.19 acre lot. Interior Features: Vaulted Ceiling(s), Cathedral Ceiling(s).

This property is listed by Beau Matlock.

BM

Beau Matlock

Agent at Matlock Town & Country Realty

Listed by Matlock Town & Country Realty · Broker phone: (317) 538-1494 · View on Broker Site · Broker website

MLS# 22123393· Source: Broker Listing Cooperative®· 44 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.

1466 S Worth Avenue, Indianapolis, IN 46241

Open this listing in: