3 Beds • 3 Baths · 1,977 Sq. Ft.
2615 Koehne Street
Indianapolis, IN 46208
Mark Dietel Realty, LLC


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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 11, 2026 at 11:30 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 11, 2026 at 11:30 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.
422 Orange Street
Indianapolis, IN
$320,000
Indianapolis, IN 46225 · Bates
MLS# MBR22133867
Listed 3 days ago
Two units, freshly updated, in near-southside Indianapolis: 422 Orange Street is offered at $320,000. This home in the heart of Bates-Hendricks gives you two income streams, or the option to live in one unit and let the other help pay the mortgage. Together, the projected rents total $3,200/month ($38,400/year), which meets the 1% rule investors use for screening. The downstairs unit (est. $2,200/month) has three bedrooms, 1.5 baths and a full kitchen. It also has features most rentals can't offer: a fully fenced backyard for dogs, kids or gardening, and a detached garage with off-street parking and storage, which is especially valuable in an urban neighborhood. The upstairs unit (est. $1,000/month) has its own exterior entrance, a full bath, a bedroom with a generous closet, and an open-concept kitchen and living area. The current owner lived on the main level and rented the upstairs, so this setup has already been proven. The bathrooms were redone this year, and the home also has fresh paint, new carpet and updated flooring throughout. Both kitchens are functional and leave room for a future owner to add value on their own terms. An interior staircase connects the two floors: lock the staircase door for two private units, or open it to use the home as one spacious residence. That flexibility also opens the door to furnished or short-term rental strategies as demand changes. The home is close to Fountain Square, Fletcher Place, Garfield Park and downtown. Rental figures are estimates and not guaranteed; buyer to verify all information.
Estimate principal and interest for this listing.
$64,000
Estimated monthly payment
$1,618/mo
Estimate only — not MLS listing data. Does not include taxes, insurance, or other costs. Rates change daily.
Listed by @properties with Sylva Zhang. Contact sylva@atpropertiesind.com.