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About This Home

This 6-bedroom, 2-bathroom single family at 1741 Terrace Avenue in Indianapolis, IN is listed for $250,000 ($81 per sqft). Built in 1930, the home offers 3,072 sqft of living space on a 0.18 acres lot.

Agent Description

Spacious and versatile 6-bedroom, 2-bath property offering exceptional flexibility and income-producing potential! Previously configured as a duplex, this unique home features two full kitchens, two separate living rooms, and a layout that easily accommodates multi-generational living, rental opportunities, or continued use as a boarding house.

Currently operating with 4 tenants on weekly rent, the property already provides established cash flow for investors looking to expand their portfolio. Inside, you'll find generously sized rooms, multiple common living areas, and large basements that provide ample storage space and added functionality.

The enclosed front porch creates a welcoming entry and a comfortable place to relax year-round, while the back deck offers additional outdoor space for entertaining or enjoying quiet evenings. Outside, the property includes 4 rear gravel parking spaces for tenant or guest convenience, along with a storage barn perfect for tools, equipment, or extra storage needs.

With its adaptable layout, strong rental potential, and abundance of space, this property presents a rare opportunity for investors, house hackers, or buyers seeking flexible living arrangements. Whether you continue operating it as an income-producing property or reimagine it for your own needs, the possibilities here are endless!

Key Features

  • Built in 1930
  • 0.18 acre lot

Property Details

2 full
1930

Amenities

Basement

Monthly Cost Estimate

$1,337/mo

20% down · 6.5% · 30 years

Principal$181
Interest$1,083
Insurance$73

Estimates only. Actual payments may vary.

Location

1741 Terrace Avenue

Indianapolis, IN 46203

A Dennys Sub J F Wingate

Features & Amenities

Interior Features

Attic StairwayPaddle FanEat-in Kitchen

Exterior Features

Storage Shed

Property Details

Construction

Vinyl Siding

Parking

Guest

Heating

Natural Gas

Cooling

Multi UnitsWindow Unit(s)

Appliances

DryerMicrowaveOven - GasRefrigerator

Questions & Answers

This 6-bedroom, 2-bathroom single family at 1741 Terrace Avenue is listed at $250,000 ($81/sqft). The estimated monthly payment is $1,083 based on 20% down at 6.5% interest.

Key features include: Built in 1930, 0.18 acre lot. Interior Features: Attic Stairway, Paddle Fan, Eat-in Kitchen. Exterior Features: Storage Shed.

This property is listed by Michelle Jackson and can be reached at 3172980961 or michelle@indyhomepros.com.

MJ

Michelle Jackson

Agent at RE/MAX Advanced Realty

(317) 298-0961

Listed by RE/MAX Advanced Realty · View on Broker Site

MLS# 22102056· Source: listhub· Updated 18 days ago

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1741 Terrace Avenue, Indianapolis, IN 46203

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