1741 Terrace Avenue, Indianapolis, IN 46203
- $200,000
- 6
- BD
- 2
- BA
- 4,608
- SqFt
- List Price
- $200,000
- Price Change
- ▼ $25,000 1784687767
- MLS#
- 22102056
- Property Type
- Residential
- Bedrooms
- 6
- Bathrooms
- 2
- Sqft. of Residence
- 4,608
- Year Built
- 1930
- Days on Market
- 75
- Status
- ACTIVE
Property Description
Spacious and versatile 6-bedroom, 2-bath property offering exceptional flexibility and income-producing potential! Previously configured as a duplex, this unique home features two full kitchens, two separate living rooms, and a layout that easily accommodates multi-generational living, rental opportunities, or continued use as a boarding house. Currently operating with 4 tenants on weekly rent, the property already provides established cash flow for investors looking to expand their portfolio. Inside, you'll find generously sized rooms, multiple common living areas, and large basements that provide ample storage space and added functionality. The enclosed front porch creates a welcoming entry and a comfortable place to relax year-round, while the back deck offers additional outdoor space for entertaining or enjoying quiet evenings. Outside, the property includes 4 rear gravel parking spaces for tenant or guest convenience, along with a storage barn perfect for tools, equipment, or extra storage needs. With its adaptable layout, strong rental potential, and abundance of space, this property presents a rare opportunity for investors, house hackers, or buyers seeking flexible living arrangements. Whether you continue operating it as an income-producing property or reimagine it for your own needs, the possibilities here are endless!
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Additional Information
- Basement
- Full, Storage Space, Unfinished
- Foundation
- Block
- Stories
- Two
- Architecture
- Traditional
- Interior
- Attic Stairway, Paddle Fan, Eat-in Kitchen
- Exterior Amenities
- Storage Shed
- Acres
- 0.18
- Heat
- Natural Gas
- Cooling
- Window Unit(s)
- Appliances
- Dryer, Microwave, Electric Oven, Gas Oven, Refrigerator, Washer
- Region
- Center
- Areas
- Laundry in Unit
- Eating Areas
- Formal Dining Room
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Listing courtesy of RE/MAX Advanced Realty.
Information Deemed Reliable But Not Guaranteed. © 2026 MIBOR Broker Listing Cooperative