Description

Excellent opportunity for investors and house hackers seeking a solid duplex with upside in a rapidly improving area. Located at 1931 Oxford Ave on the near eastside of Indianapolis, this property is less than five minutes from Downtown and positioned squarely in the path of ongoing revitalization. Walking distance to Brookside Park! The duplex features two mirror-image units, each offering 1 bedroom, 1 bathroom, and 616 square feet of living space. One unit is currently occupied at $800 per month with a lease in place through 4/30/26. In addition to rent, the tenant pays $65 per month toward water, a $50 monthly pet fee, and a $25 monthly alarm fee. The second unit is vacant, providing an immediate opportunity for an owner-occupant or to lease at market rent. The property has seen numerous updates over the years, including insulated vinyl siding, replacement windows, updated interior paint, remodeled bathrooms, PEX plumbing, electric baseboard heating, electric water heaters, and updated flooring. Living rooms and bedrooms feature attractive hardwood floors, while the remaining areas offer durable LVP and linoleum. Each unit includes its own unfinished basement with laundry hookups and ample storage. Electric is separately metered, and water/sewer is shared but reimbursed by tenants via a flat monthly fee. Outside, enjoy a large backyard with gravel parking accommodating multiple vehicles. A well-located, low-maintenance duplex with a strong rental history, immediate income potential, no HOA, and flexibility for investors or house hackers alike.