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Jen Richardson

jenrichardsonrealtor@gmail.com +1(812) 521-7361

Listed by Marissa Bryant • Highgarden Real Estate

$ 630,000

Est. payment | -/mo

3 Beds

3 Baths

2,040 SqFt

Save

$ 630,000

Est. payment | -/mo

Save

3 Beds

3 Baths

2,040 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,040 sqft

Price per Sqft $308

Subdivision Barth

MLS Listing ID 22102547

Bedrooms 3

Full Baths 3

HOA Y/N No

Year Built 1880

Tax Year 2024

Lot Size 6,098 Sqft

Acres 0.14

Property Sub-Type Single Family Residence

Property Description

This beautifully remodeled quadraplex offers a rare opportunity for an owner-occupant to build wealth while significantly offsetting their monthly housing expense. The property features two spacious and updated 2-bedroom, 2-bath units and two updated 1-bedroom, 1-bath units, all thoughtfully renovated with granite kitchen countertops, newer appliances, and stackable washer and dryer units in each apartment. The lower-level 2-bedroom, 2-bath units each feature a covered front porch, private rear patio, yard/green space, and rear parking, creating an ideal setup for an owner occupant looking to enjoy the benefits of a private residence while generating rental income from the remaining units. Three of the four units are currently leased, providing immediate income potential from day one. This property is especially attractive for buyers looking to utilize an owner-occupied mortgage program, as many primary residence loan options allow financing for properties with up to four units. This creates a unique opportunity to live in one unit while the rental income from the other three units helps substantially offset - and potentially cover - a large portion of the monthly mortgage payment. Located in the heart of highly desirable Fountain Square, the property is within walking distance to popular restaurants, entertainment, and local attractions, with easy access to downtown Indianapolis, Eli Lilly, and major downtown events.

Location

State IN

County Marion

Rooms

Basement Cellar

Main Level Bedrooms 2

Kitchen Kitchen Updated

Interior

Interior Features Eat-in Kitchen, Wood Work Painted

Heating Baseboard, Forced Air

Cooling Central Air

Fireplace N

Appliance Dishwasher, Dryer, MicroHood, Electric Oven, Refrigerator, Washer

Exterior

Water Access Desc Public

Building

Story Two

Foundation Brick/Mortar

Water Public

Architectural Style Traditional

Structure Type Brick,Wood Siding

New Construction false

Schools

School District Indianapolis Public Schools

Nearby Locations

"Finding the right home isn't just about the house, it's about the life you're going to build there.

I'm here to make sure you find it."

+1(812) 521-7361

jenrichardsonrealtor@gmail.com

905 E Tipton St, Seymour, IN 47274, USA

1338 Barth AVE Indianapolis, IN 46203

Jen Richardson

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Nearby Locations

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1338 Barth AVE