Listing courtesy of eXp Realty, LLC · Listing agent: Josh Lank

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ActiveDuplex

2417 S State Avenue

$205,000

$123.20 / sq ft

Est. $1,370/mo

Indianapolis, IN 47203

Bedrooms
4
Bathrooms
2
Living area
1,664 sq ft
Lot
0.18 ac
Year built
1959
Type
Duplex
Listed
September 25, 2026
MLS #
202639921

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About this home

Great investment opportunity! This spacious duplex offers two separate units, each featuring 2 bedrooms, 1 full bathroom, and 832 square feet of living space, for a total of 1,664 square feet. Both units offer generously sized bedrooms, comfortable living areas, and nicely sized bathrooms. Each unit also features a cozy, functional kitchen with plenty of charm. Outside, the backyard provides additional space for relaxing or enjoying the outdoors. A new A/C adds to the property's appeal. Whether you're looking to expand your rental portfolio or live in one unit while renting out the other, this duplex offers flexibility and income-producing potential. Don't miss your opportunity to add this property to your investment portfolio!

Monthly payment estimate

$1,370/mo

Principal & interest
$1,122
Property taxes
$188
Homeowners insurance
$60
Your loan

  • Rate: Freddie Mac's 30-year fixed average for the week of October 1, 2026.
  • Taxes: estimated at 1.1% of the price per year — the MLS reports no full tax bill for this home yet.
  • Insurance: estimated at 0.35% of the price per year.
  • An estimate, not a loan offer. Your rate and payment depend on your credit, loan program and down payment.
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Property details

Interior

Levels
One
Stories
1
Total area
1,664 sq ft
Finished area above grade
1,664 sq ft
Bedrooms above grade
4
Flooring
Laminate
Heating
Forced Air
Cooling
Central Air
Amenities
Antenna, Attic Pull Down Stairs, Attic Storage, Cable Available, Cable Ready, Countertops-Laminate, Countertops-Stone, Eat-In Kitchen, Washer Hook-Up

Exterior & parking

Construction
Stone
Private pool
No
New construction
No

Waterfront & lake

Waterfront
No

Lot

Lot features
Sloped
Lot size (acres)
0.18 ac
Lot dimensions
135x63
County
Marion County
Township
Center
Platted
Yes
Planned unit development
No
Directions
Heading north on state road 65 take a right onto E Raymond St. Turn right onto S State Ave and the home will be on the left.

Schools

Elementary school
Eleanor Skillen #34
Middle school
HL Harshman
High school
George Washington
School district
Indianapolis Public Schools

Taxes & terms

Tax year
2025
Listing terms
Cash, Conventional
Possession
Day of closing
Parcel number
49-10-19-121-032.000-101

Included in the sale

Included in sale
Lease

Utilities

Water
City
Sewer
Public Sewer

Income & commercial

Units
2
Annual gross rent
$26,460
Net operating income
$26,460
Lease term
Renewal Option
Parking spaces
46
Pets allowed
No
Tenant pays
Cable TV, Electricity, Heat

Location

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$205,000

4 beds · 2 baths