1241 W 31st Street, Indianapolis, IN 46208 (MLS # 22073819)

Price	$275,000
Status	Active
Beds	6
Baths	2 Baths
Home size	1,628 sqft
Lot Size	5,228 sqft
Days on Market	23

Looking for a high-yield investment opportunity? This 6-bed home in Indianapolis offers flexible rental potential with six private bedrooms, two full baths, and a layout well-suited for shared housing models. Positioned near Riverside Park and just minutes from IUPUI, downtown employers, and public transit routes, the location supports consistent demand for housing from students, workforce renters, and voucher holders. Zoned single-family, this property has a strong rental history and is currently vacant for immediate lease-up or minor value-add upgrades. Large common areas, full kitchen, and convenient street parking make it easy to configure as traditional or shared living. Newer roof and updated mechanicals provide peace of mind. Investors looking to maximize returns through Section 8, room-by-room, or co-living strategies will find this an adaptable asset in a high-demand corridor. Nearby properties show stable cash flow potential with proper management. No HOA.

Property Type(s): Single Family

Last Updated	11/18/2025	Tract	Armstrongs 1st Add
Year Built	1930	Community	4910 - Marion - Center
County	Marion

Additional Details

AIR	None
APPLIANCES	Electric Cooktop, Microwave, Refrigerator
AREA	4910 - Marion - Center
BASEMENT	Unfinished, Yes
CONSTRUCTION	Vinyl Siding
HEAT	Forced Air, Natural Gas
LOT	5227 sq ft
STORIES	1
STYLE	Traditional
SUBDIVISION	Armstrongs 1st Add
WATER	Public

Location

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