342 W 26th Street, Indianapolis, IN 46208
- $137,000
- 3
- BD
- 2
- BA
- 2,184
- SqFt
- List Price
- $137,000
- MLS#
- 22114942
- Property Type
- Residential
- Bedrooms
- 3
- Bathrooms
- 2
- Sqft. of Residence
- 2,184
- Year Built
- 1920
- Days on Market
- 12
- Status
- ACTIVE
Property Description
Excellent value-add investment opportunity in an area experiencing revitalization! This 3-bedroom, 1.5-bathroom single-family home sits on a corner lot and features a covered front porch along with a basement offering additional storage and flexibility. Major updates include a roof replacement in December 2021 and a furnace replacement in November 2024. Conveniently located less than one mile from I-65 and the Children's Museum, the property offers easy access to Downtown Indianapolis and surrounding amenities. The home is currently leased to a long-term tenant who has been in place since 2016, providing immediate rental income. Current rent is below market value, presenting an excellent opportunity to increase rents to market levels and create additional value. With its desirable location, recent mechanical updates, and rental upside, this property is a strong addition to any investment portfolio.
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Additional Information
- Foundation
- Concrete Perimeter
- Stories
- Two
- Architecture
- Traditional
- Interior
- Hardwood Floors
- Acres
- 0.08
- Heat
- Natural Gas
- Cooling
- Central Air
- Appliances
- Other
- Region
- Center
- Eating Areas
- Formal Dining Room
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Listing courtesy of Rize Commercial Realty LLC.
Information Deemed Reliable But Not Guaranteed. © 2026 MIBOR Broker Listing Cooperative