2223 Prospect Street
Property Description
Attention investors and house hackers! 2223-2225 E Prospect St offers a rare opportunity to own a spacious, fully renovated side-by-side duplex in highly desirable Fountain Square, just minutes from Downtown Indianapolis. Both units were fully renovated in 2022 and each features 3 bedrooms, 1.5 baths, 1,362 sq ft, and a nearly identical two-story layout. The main level offers high ceilings, attractive laminate flooring, a large living room, formal dining room with half bath, and a spacious kitchen with updated cabinetry, stainless steel appliances, and laundry hookups. Upstairs are three carpeted bedrooms and a full bath, while partial unfinished basements provide additional storage. Both units have central heat and air. One side features a new 2025 furnace and 2022 AC, while the other has an approximately 10-year-old furnace and 2022 AC; both condensers are protected by metal security cages. One unit is leased through 10/31/27 at $1,250/month, currently below market rent, providing future income upside. The other is vacant, turnkey, and ready for an owner-occupant or new tenant. All utilities are separately metered and tenant-paid. With Fountain Square's long track record of redevelopment, walkability, and proximity to Downtown, restaurants, entertainment, hospitals, universities, and major employers, this is an excellent opportunity for long-, mid-, or short-term rental strategies.
Broker Details
Keller Williams Indianapolis Metro North (317) 846-6300
MLS ID: 36002 State License Number: RB15000083
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $299,000 |
| No. of Units: | 2 |
| Year Built: | 1920 |
| Opportunity Zone: | No |
| Price per unit: | $149,500 |
| Property Website | Click Here |
| Number of Bedrooms: | 6 |
| Number of Bathrooms: | 4 |
ID: 3yd-MIBORIN-22127423
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