818 N Drexel Avenue, Indianapolis, IN 46201

Property Description

Investor Alert! This income-producing duplex in Christian Park is the ideal blend of cash flow, location, and long-term upside. Just a few blocks from historic Irvington and minutes from downtown Indianapolis, this property sits in a strong rental market with growing demand and neighborhood revitalization underway. Both units are mirror layouts, offering 2 bedrooms and 1 bathroom each, with approximately 988 sq ft per side. Tenants will appreciate spacious rooms, laundry hookups in the shared basement, and convenient access to parks, coffee shops, and public transportation. The property features separate gas heat and hot water, brick and vinyl siding, and is nestled on a quiet, tree-lined street with sidewalks - ideal for long-term residents. With market rents estimated at $1,000-$1,200 per unit, this duplex can generate $24,000-$28,800 annually in gross income. Combined with low property taxes ($1,049/year) and minimal operating expenses, the estimated Net Operating Income is $8,775/year - with even more upside if updates are made. This is a rare opportunity to own a turnkey, income-generating property in a high-demand area. Whether you're an experienced investor or a first-timer looking to house hack, 818 N Drexel Ave offers steady returns in one of Indy's most promising east-side neighborhoods. Don't miss this cash-flowing asset just steps from everything Irvington has to offer!

Listing Status:

Active

Listing Office:

No Limit Real Estate, LLC : 317-440-2149

Listing Agent:

Charlene Gaard : 317-440-2149

MLS ID:

22069958

Interior

• Laundry: Connections All
• Heating: Forced Air

Exterior

• Style: Traditional

Construction

• General: Two

Location

• Originating MLS: mibor
• School District: Indianapolis Public Schools
• County: Marion

Lot

• Zoning: 818 N Drexel Ave Condominiums Unit A491004120256000101
• Current Use: Apt<20

Financial

• Source: mibor

This listing courtesy of Charlene Gaard, No Limit Real Estate, LLC