1502 Lexington Avenue, Indianapolis, IN 46203

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Pending

$335,000

bedrooms

bathrooms

square feet

Acreage

0.06

Open Houses

year built

1880

Full Baths

Half Baths

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Investment opportunity in the highly sought-after Fountain Square neighborhood! This versatile property features two separate rental units, each with its own private entrance, offering privacy and flexibility. The property can also be converted into a single-family home (SFH) or a SFH with an income-generating upstairs unit. Enjoy the fully fenced yard and a charming covered front porch, perfect for relaxing. The bedrooms feature durable LVP flooring installed just two years ago, while the main living areas showcase beautiful hardwood floors. Each unit has its own HVAC system for added convenience. In the downstairs unit, the fridge, dishwasher, microwave, and stove are all 2-5 years old, while the washer and dryer are approximately 15 years old. The upstairs unit includes a washer, dryer, microwave, stove, and dishwasher that are 2-5 years old, with a fridge that is about 10 years old. The downstairs electrical was updated 3-4 years before 2017. Upstairs was upgraded from knob and tube in 2017. All HVAC is from 2017. Located just one mile from downtown Indianapolis, this vibrant area boasts vintage shops, a wide variety of restaurants, an active art scene, live music, and more! Don't miss the chance to invest in this prime location.

Location
Subdivision	Spann & Cos Woodlawn
County	Marion
Elementary School	-
Middle School	-
High School	-

Driving directions

Open houses

None scheduled.

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MLS number: 22019219

Listing agent: James Gilday #RB14048800

Listing broker: Exp Realty (812) 734-6048

Copyright © 2025 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. [source]

Last update: Tuesday, April 22 2025 at 2:40 p.m. EDT

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