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USAINIndianapolisArmstrongs 1St Add1241 W 31St St
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1241 W 31st St, Indianapolis, IN

House

For Sale

Listed price in listed location currency (USD).
$275,000

620

MLS® 22073819

  • Key Facts
  • Description
  • Rooms
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size 1628 sqft
Garage No
Taxes 
Days Active 39
Lot Size 0.12 acres
Approx. Age 1930
Avg. Price Per Sqft $168
MLS® Number 22073819

Property Address: 1241 W 31st St, Indianapolis, IN, 46208-4846

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number22073819
Laundry Level
Central VacNo
FireplaceNo
Acreage0.12
Exterior
GarageNo
Approx. Age1930
BasementUnfinished
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Rooms

Change to metres

Bedroom 4:Main Floor10 × 10 ft
Bedroom 2:Main Floor10 × 10 ft
Living Room:Main Floor14 × 12 ft
Bedroom 3:Main Floor10 × 10 ft
Kitchen:Main Floor11 × 12 ft
Other:Main Floor10 × 10 ft
Family Room:Main Floor12 × 14 ft
Other:Main Floor10 × 12 ft
Bedroom 5:Main Floor10 × 10 ft

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Nov 18, 2025List Date
$275,000List Price
  • Commute

Commute

Starting Address
Destination Address
1241 W 31 St St, Indianapolis, IN

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