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INVESTOR & FLIPPER OPPORTUNITY | 12 SEPARATE LOTS | 1.75 ACRES Opportunity awaits at 1209 Shelby St in Alexandria! This 3-bedroom, 2-bath fixer-upper sits on approximately 1.75 acres consisting of 12 separate lots/tax parcels, offering an exceptional opportunity for investors, flippers, or buyers looking to build sweat equity. The home needs updates and repairs, making it a great candidate for a renovation project, flip, rental, or owner-occupied investment. The sellers recently had their own inspection completed, giving prospective buyers valuable information upfront regarding the property's condition and areas that may need attention. The 12 separate parcels provide additional potential for future expansion or development, subject to buyer due diligence and applicable zoning requirements. Enjoy a peaceful setting with mature trees and green space while remaining close to local amenities. Property highlights: 3 bedrooms 2 bathrooms Approximately 1.75 acres 12 separate lots/tax parcels Existing home with renovation potential Recent seller-completed inspection Potential flip, rental, or owner-occupant opportunity Possible future development/expansion potential Located within city limits Sold AS-IS Bring your vision and contractor and explore the possibilities this unique property has to offer! Buyer to verify zoning, permitted uses, utilities, development potential, and all other property information. Property is being sold AS-IS.
Property Type(s):
Single Family
| Last Updated | 8/27/2026 | Tract | Phillips |
|---|---|---|---|
| Year Built | 1947 | Community | 4805 - Madison - Monroe |
| Garage Spaces | 3.0 | County | Madison |
SCHOOLS
| Elementary School | Alexandria Monroe Elementary School |
|---|---|
| Jr. High School | Alexandria-Monroe Jr./Sr. High School |
Price History
| Prior to Jul 22, '26 | $150,000 |
|---|---|
| Jul 22, '26 - Aug 27, '26 | $120,000 |
| Aug 27, '26 - Today | $95,000 |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Oven, Electric Water Heater, Refrigerator |
| AREA | 4805 - Madison - Monroe |
| BASEMENT | Crawl Space |
| CONSTRUCTION | Stone, Vinyl Siding, Wood Siding |
| GARAGE | Yes |
| HEAT | Forced Air, Natural Gas |
| INTERIOR | Built-in Features |
| LOT | 1.8 acre(s) |
| LOT DESCRIPTION | Wooded |
| PARKING | Attached |
| STORIES | 1 |
| STYLE | Ranch |
| SUBDIVISION | Phillips |
| VIEW | Yes |
| VIEW DESCRIPTION | Trees/Woods |
| WATER | Private |
Location
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Listed with AMR Real Estate LLC
Listing information is deemed reliable, but not guaranteed.
© 2026 Metropolitan Indianapolis Board of REALTORS®
© 2026 Metropolitan Indianapolis Board of REALTORS®
This IDX solution is (c) Diverse Solutions 2026.
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