Veterans United Realty
51 Photos

1409 Marlowe Avenue, Indianapolis, IN 46201

$279,000 Asking Price

3 beds
1 bath
1,688  sqft
Built in 1986

Discover an outstanding investment opportunity with this charming duplex located at 1409 and 1411 Marlowe Ave in the heart of Indianapolis. Each side features three spacious bedrooms and one full bathroom, making this property perfect for both seasoned investors and those entering the real estate market. Situated just minutes from downtown Indianapolis, this duplex offers convenient access to the Monon Trail and the vibrant Bottleworks District, known for its shopping, dining, and entertainment. This prime location ensures a strong demand for rentals and great potential for appreciation in value. The open floor plans of both units create a welcoming atmosphere, enhanced by large windows that fill the spaces with natural light. Modern kitchens are equipped with ample counter space and essential appliances, perfect for culinary pursuits. Each unit's three well-sized bedrooms provide comfortable living spaces, while the conveniently located full bathrooms serve essential needs. With separate entrances and utilities, privacy and functionality are maximized for each unit. Investors will find significant potential for passive income, given the growing demand for rental properties in the 46201 zip code. Recent comparable properties highlight strong rental rates, making this duplex an attractive prospect for diversifying any investment portfolio. Don't miss this unique opportunity to own a duplex in a sought-after Indianapolis location. This property is ideal for anyone looking to embark on or expand their real estate journey. Explore the possibilities that 1409 and 1411 Marlowe Ave have to offer! Major renovation has already started on the 1411 Marlowe side. Many materials are there including kitchen cabinets, all bathroom vanities, new Anderson windows, front doors, back door, and HVAC duct work.


Listing Status:
Active
Date Added:
September 30, 2024 — 1 day ago
Listing Office:
Paradigm Realty Solutions, Joshua Vida (574-626-8432)
Office Phone:
jvida@realtyparadigm.com
MLS ID:
22004356

Features & Amenities

Interior

General:
Screens Some
Appliances:
Dryer, Disposal, Electric Oven, Refrigerator, Dishwasher, Washer
Laundry:
Main Level
Basement:
Cellar, Partial, Storage Space, Unfinished
A/C:
Central Electric
Heating:
Forced Air, Gas
Fireplace:
Other, Fireplaces: 1

Exterior

Style:
Victorian
Other Structures:
Covered Porch, Covered Patio

Construction

General:
Two, Crawl Space

Location

Originating MLS:
mibor
School District:
Indianapolis Public Schools
County:
Marion

Lot

Zoning:
Arsenal Park L61, 491006161029000101

Utilities

Utilities:
Cable Available, Electricity Connected, Gas Nearby, Gas, Sep Electric Meter, Sep Gas Meter, Sep Sewer Meter, Water Connected, 100 Amp Service
Water:
Municipal/City

Financial

Source:
mibor

This listing courtesy of:
Paradigm Realty Solutions, Joshua Vida

About Indianapolis, IN

Housing

Number of Units
439,918
Median Home Value
$169,609
Median Rent
$790

47.41% of housing units are renter occupied.

8.91% are vacant.

Commute

Car
76.18%
Public Transportation
1.34%
Walk to Work
1.81%
Work from Home
19.69%
Other
0.60%

The median travel time to work is 21 minutes.

People

Population
976,092
Median Age
35.40
Median Household Size
2.45

Education

High School
27.86%
Associate’s Degree
8.16%
Bachelor’s Degree
21.08%
Graduate Degree
11.46%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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IDX Listings courtesy of Metropolitan Indianapolis Board of REALTORS® MLS as distributed by MLS GRID.

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