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IDX information is provided exclusively for consumers' personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time.
Based on information submitted to the Broker Listing Cooperative listing service as of November 12, 2026 at 8:45 AM EST. All data is obtained from various sources and may not have been verified by broker or Broker Listing Cooperative listing service. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Based on information submitted to the MLS GRID as of November 12, 2026 at 8:45 AM EST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
1230 Union Street
Indianapolis, IN
$615,000
Indianapolis, IN 46225 · Mccartys South Add
MLS# MBR22133518
Listed 1 day ago
Experience an exceptional investment opportunity perfectly positioned near downtown Indianapolis, Bates-Hendricks & Fountain Square! This extensively renovated property offers 3 distinct living spaces-a beautifully updated duplex PLUS a separate studio-style carriage-house apartment above a detached 2-car garage-Currently utilized for short-term rentals in 2 of the 3 residences, this versatile property presents exciting possibilities for investors, business travelers, multigenerational living or an owner-occupant looking to offset expenses with rental income-Each spacious duplex residence features 2 bedrooms, BOTH with private ensuite bathrooms & walk-in closets, plus a convenient main-level half bath-Beautifully appointed kitchens showcase quartz countertops & gas stoves, while the bathrooms feature double vanities & custom showers-Inviting living & dining areas, mudrooms, upstairs laundry, finished basement recreation spaces & private balconies provide exceptional comfort & flexibility-The detached carriage-house offers its own open-concept living space with a designated garage space, sleeping area, kitchen & full bathroom-Outdoor spaces include private balconies & Privacy fence, while durable Hardie siding & the detached 2-car garage add even more appeal. Located near Eli Lilly HQ, Lucas Oil Stadium, Gainbridge Fieldhouse & the restaurants, nightlife & entertainment of Fountain Square, this location is ideal for experiencing everything Indianapolis has to offer-1232 & the carriage-house are currently utilized as Airbnb rentals, while 1230 is vacant & available for owner-occupancy or additional rental opportunities-With a good offer, the seller will consider including furnishings & appliances, including washers & dryers in all 3 units-Whether you're seeking a short-term rental investment, long-term rental portfolio addition or a high-end house hack, this property delivers 3 living spaces & impressive renovations & exceptional versatility near the heart of Indy.
Estimate principal and interest for this listing.
$123,000
Estimated monthly payment
$3,110/mo
Estimate only — not MLS listing data. Does not include taxes, insurance, or other costs. Rates change daily.
Listed by Keller Williams Indy Metro NE with Barbara Whiteside. Contact barb@succeedrealestate.com.
2 Beds • 29 Baths · 1,770 Sq. Ft.
4526 Brookville Road
Indianapolis, IN 46201
Scheerer McCulloch Real Estate