# 7315 S Meridian Street, Indianapolis, IN 46217

> **TL;DR:** multi-family, $825,000, built 1997. Est. $3,575/mo. Listed 86 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $825,000 |
| Year Built | 1997 |
| Lot Size | 28,314 sqft (0.65 acres) |
| Property Type | Multi-Family (Duplex) |
| Status | For Sale |
| Days on Market | 86 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $3,575 |
| **Total** | **$3,575** |

## Nearby Schools

- **Elementary:** Douglas MacArthur Elementary Sch
- **Middle:** Perry Meridian Middle School
- **High:** Perry Meridian High School

## Property Highlights

- Built in 1997
- 0.65 acre lot

## Description

### Agent Description
One of kind, solid brick duplex with 3 Br / 2 Ba / 2 car garage per side.  Live in one side, rent out the other, perfect for multigenerational living arrangements, or buy as an investment.  Better yet, operate a licensed childcare biz for up to 32 children 24/7.  Current owner has successfully run a childcare business out of this location for many years.  Due to the existing configuration, licensing history and revenue generating potential, the owner believes childcare operation presents the highest and best use.    Property has been updated to meet Indiana's Class II childcare licensing requirements. These improvements help create a facility capable of supporting larger enrollment capacities. Both sides have open floor plans and stunning sunrooms with loads of natural light.  Vaulted ceilings, some bathrooms updated, hardwood floors, numerous lights have been updated, freshly painted and so much more.  You haven't seen a duplex quite like this one. The owner is open to leaving the existing childcare furnishings, equipment, educational materials, playground equipment, security and camera systems, and other daycare inventory. The inventory is substantial enough to support successful operation on both sides of the property, creating a rare turnkey opportunity for the right buyer. Whether you are an experienced childcare provider, an entrepreneur seeking a unique business opportunity, an investor looking for multiple income streams, or a family seeking a flexible multigenerational living arrangement, this property presents possibilities rarely found in today's market.

## Location

- **Address:** 7315 S Meridian Street, Indianapolis, IN 46217
- **County:** Marion
- **Neighborhood:** Lancastershire
- **Coordinates:** 39.659769, -86.157933
- **Google Maps:** https://www.google.com/maps?q=39.659769,-86.157933

## Listing Agent

- **Name:** Derek Gutting
- **Brokerage:** Keller Williams Indpls Metro N
- **Phone:** 3176796767
- **Email:** derek@guttinggroup.com

## Primary Photo

![7315 S Meridian Street - Primary Photo](http://lh.rdcpix.com/b4adf8d0bc33b87e4916b04e717c205al-f1685636166r.jpg)

*49 total photos available on [listing page](https://www.propertysimple.com/listing/7315-s-meridian-street-indianapolis-in-46217-22088548)*

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**MLS#:** 22088548 | **Updated:** 2026-06-19
**Source:** listhub

*Copyright © 2026 MIBOR Service Corporation. 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.com/listing/7315-s-meridian-street-indianapolis-in-46217-22088548)

---

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