1201 Wade Street, IN 46203

$239,000

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

List Price
$239,000
Status
ACTIVE
Days on Market
20
MLS#
22114118
Subtype
Residential Income
Year Built
1929
Acres
0.14
Subdivision
Julian Etal Spring Gardens South
MLS Area Major
Center

Property Description

Excellent investment opportunity just minutes from Garfield Park! This unique property features two completely separate homes on one parcel, each with its own utilities, central A/C, private living space, and fenced yard access. The front home currently rents for $1,255/month and the rear home rents for $1,045/month, providing immediate rental income. Conveniently located near Garfield Park, shopping, restaurants, and public transportation, with easy access to downtown Indianapolis. Please note: The interior photos were taken prior to the current tenants moving in. We chose not to publish photos containing the tenants' personal belongings to respect their privacy. Additional interior photos are available upon request. Property is tenant occupied. Showings will be scheduled after an accepted offer to minimize disruption to the residents. Buyer inspections and walkthroughs will be completed during the due diligence period. Whether you're looking to add to your portfolio or own a property with two standalone rental homes, this is a rare opportunity in an area seeing continued investment and growth.

Additional Information

Taxes
$2,394
Financing
Exchange - 1031, Conventional
Air Conditioning
Central Air
Stories
One
Garage Spaces
2

Listing courtesy of Hanza Realty, LLC.

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Information Deemed Reliable But Not Guaranteed. © 2026 MIBOR Broker Listing Cooperative