Hilary Casstevens
    Hilary Casstevens
    (317) 513-8929hc@hilarycasstevens.com
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    • Hilary Casstevens
      760 S Rangeline Road, Suite 164
      Carmel, IN 46032
      (317) 513-8929
      hc@hilarycasstevens.com

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      Indiana Regional MLS

      IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.

      Metropolitan Indianapolis Board of Realtors

      IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

      $275,000
      For Sale

      1241 W 31st Street

      Indianapolis, IN 46208
      3256 sqft | 6 beds | 2 baths | 0.12 acres | #22073819
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      Listing OfficeNo Limit Real Estate, LLC
      14 photos
      Type:Purchase
      Structure:House
      Zone:Residential

      Description

      Looking for a high-yield investment opportunity? This 6-bed home in Indianapolis offers flexible rental potential with six private bedrooms, two full baths, and a layout well-suited for shared housing models. Positioned near Riverside Park and just minutes from IUPUI, downtown employers, and public transit routes, the location supports consistent demand for housing from students, workforce renters, and voucher holders. Zoned single-family, this property has a strong rental history and is currently vacant for immediate lease-up or minor value-add upgrades. Large common areas, full kitchen, and convenient street parking make it easy to configure as traditional or shared living. Newer roof and updated mechanicals provide peace of mind. Investors looking to maximize returns through Section 8, room-by-room, or co-living strategies will find this an adaptable asset in a high-demand corridor. Nearby properties show stable cash flow potential with proper management. No HOA.

      • Property Details
          • School DistrictIndianapolis Public Schools
          • Property SubtypeSingle Family Residence
          • SubdivisionArmstrongs 1st Add
          • InteriorAttic Access
          • BasementUnfinished
          • Property TypePurchase
          • Original List Price$275,000
          • MLS #22073819
          • MLS #22073819
          • Utility SourcePublic
          • CountyMarion
          • Cost275000
          • FoundationBlock
          • Acres0.12
          • Square Feet3256
          • Year Built1930
          • Bedrooms6
          • Bathrooms2
          • Full Baths2

      Location

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      IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

      Last Updated: Yesterday at 7:40 PM. Source: MIBOR

      Provided By
      Listing Agent: Charlene Gaard (#MBR24968)
      Listing Office: No Limit Real Estate, LLC (#MBRNOLI01)

      Hilary CasstevensReal Estate Group
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