321 E 31st Street Indianapolis, IN 46205

Multi-Family (2-4 Units) MLS #: 21976458 Courtesy Of Keller Williams Indianapolis Metro North

$350,000

0.12 acres
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Estimated monthly payments: $1,530/mo.* (recalculate)

Property InformationDescription

Attention Investors! This meticulously renovated duplex would be a prime addition to your investment portfolio!! Fully updated in 2023, both units boast a townhome-style layout with identical floor plans. Each unit features 3 bedrooms, 1.5 bathrooms, spanning 1360 square feet, and includes a balcony off the master bedroom. Currently rented at $1600 per month per unit (leases ends 5/25), with tenants responsible for all utilities, this property offers immediate cash flow for it's next owner. Situated on a low-maintenance corner lot in the sought-after Mapleton Fall Creek neighborhood, it presents an attractive investment opportunity for both first time investors and seasoned pros. Conveniently located within a 10-minute drive of downtown and a short distance from popular north side destinations like Broad Ripple, this duplex offers the perfect blend of urban convenience and residential tranquility. Residents will also enjoy easy access to nearby attractions such as the Children's Museum, Newfields, Monon Trail, and the State Fairgrounds, providing ample leisure and recreation options. With its central location, savvy investors also have the potential to convert to a short or medium-term strategy to really maximize cash flow.

Features

  • Age: Over 50 Years Old
  • Amenities: Basement
  • Architecture Style: Other
  • Cooling System: Central A/C
  • Exterior Type: Brick, Vinyl Siding
  • Heating System: Forced Air
  • Lot Size: 0.12 Acres
  • Roof Type: Asphalt
  • Rooms: Basement

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321 E 31st Street, Indianapolis, IN 46205
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School Information

321 E 31st Street, Indianapolis, IN 46205

Elementary School
Grades PK-8 | Public School
IPS BUTLER UNIVERSITY LABORATORY SCHOOL 60
Indianapolis, IN 46205
3330 N Pennsylvania St
317.­226.4369
Distance: 0.4 mi
School Rating
C-
Student:Teacher Ratio
12:1
Total Students
585
Elementary School
Grades KG-6 | Public School
IGNITE ACHIEVEMENT ACADEMY SCHOOL 42
Indianapolis, IN 46208
1002 W 25th St
317.­226.4242
Distance: 1.6 mi
School Rating
F
Student:Teacher Ratio
18:1
Total Students
397
Elementary School
Grades PK-8 | Public School
FRANCIS PARKER MONTESSORI SCHOOL 56
Indianapolis, IN 46205
2353 Columbia Ave
317.­226.4256
Distance: 1.1 mi
School Rating
D+
Student:Teacher Ratio
8:1
Total Students
346
Middle School
Grades 7-8 | Public School
NORTHWEST MIDDLE SCHOOL
Indianapolis, IN 46224
5525 W 34th St
317.­693.5600
Distance: 5.7 mi
School Rating
D
Student:Teacher Ratio
8:1
Total Students
384
High School
Grades 9-12 | Public School
SHORTRIDGE HIGH SCHOOL
Indianapolis, IN 46208
3401 N Meridian St
317.­226.2810
Distance: 0.5 mi
School Rating
D
Student:Teacher Ratio
9:1
Total Students
1077
High School
Grades 9-12 | Public School
GEORGE WASHINGTON HIGH SCHOOL
Indianapolis, IN 46222
2215 W Washington St
317.­693.5555
Distance: 4.1 mi
School Rating
D
Student:Teacher Ratio
9:1
Total Students
798
High School
Grades 9-12 | Public School
CRISPUS ATTUCKS HIGH SCHOOL
Indianapolis, IN 46202
1140 Dr Martin Luther King Jr St
317.­226.2800
Distance: 2.2 mi
School Rating
D+
Student:Teacher Ratio
10:1
Total Students
1157
High School
Grades 9-12 | Public School
ARSENAL TECHNICAL HIGH SCHOOL
Indianapolis, IN 46201
1500 E Michigan St
317.­693.5300
Distance: 2.6 mi
School Rating
D+
Student:Teacher Ratio
10:1
Total Students
2103
High School
Grades 9-12 | Public School
PURDUE POLYTECHNIC HIGH SCHOOL
Indianapolis, IN 46225
525 S Meridian St Ste Lla
317.­832.1200
Distance: 3.7 mi
School Rating
D-
Student:Teacher Ratio
22:1
Total Students
543
Other Nearby Schools Distance Type Grades School Rating
St Richard's Episcopal School 0.3 mi Private PK-8
Louis B Russell Jr School 48 0.5 mi Public KG-6 C
Believe Circle City High School 0.8 mi Public 9-10 A
The Oaks Academy 0.9 mi Private PK-5
George Washington Carver Montessori School 87 1.1 mi Public PK-8 C+
Kipp Indy Unite Elementary School 1.2 mi Public KG-5 D+
Kipp Indy College Preparatory Middle School 1.2 mi Public 6-8 D
Holy Angels Catholic School 1.2 mi Private PK-6
Capitol City Seventh-day Adventist School 1.2 mi Private PK-8
Christ Temple Christian Academy 1.3 mi Private PK-5
James W. Riley Elementary School 43 1.3 mi Public PK-8 D-
Center For Inquiry School 27 1.4 mi Public PK-8 D+
St Joan Of Arc School 1.4 mi Private PK-8
Kipp Indy Legacy High School 1.5 mi Public 9-10 A-
Herron High School 1.6 mi Public 9-12 A-
Kindezi Academy 1.7 mi Public KG-6 F
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

Demographic Data

Indianapolis, IN 46205

Median Age: 33.9
Married: 28%
Number of Households: 12,810
Households with Children: 23.2%
  • Occupancy Types
    • 0 Vacant
    • 0 Owned
    • 0 Rented
  • Transportation to Work
    • 0 Drive
    • 0 Public Transportation
    • 0 Walk / Bike / Other
    • 0 Work at Home
Copyright © 2024 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. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.