802 E Raymond Street, Indianapolis, IN 46203
  • $199,900
  • $199,900

Description

Fantastic investment opportunity for a turnkey property that has been consistently rented for the past 30 years. This exceptionally maintained property features a maintenance-free exterior with siding and windows updated, as well as newer HVAC systems and water heaters. The units offer excellent hardwood floors and ample closet space. All appliances are included in both units including Washers and dryers. One side currently brings in $675 per month with long-term tenants, Pleasant Run side is ready to rent. There is significant potential to increase rent to $900-$1,000 per month, especially given the included 2 car garage parking and off street parking. Additionally, the property includes a full dry basement-confirmed by photos taken after heavy rains-which could easily be converted into another bedroom or living area with the installation of egress windows. Located just steps away from Garfield Park. Just minutes from Downtown, Fountain Square & Bates Hendricks. Also easy near access to I-65. This is an ideal long-term rental for anyone looking to start or expand their portfolio.

  • Address: 802 E Raymond Street
  • City: Indianapolis
  • State/county: IN
  • Zip/Postal Code: 46203

Details

Updated on April 30, 2026 at 2:26 am
  • Property ID 22098366
  • Price $199,900
  • Land Area 0.12 Acres
  • Garages 2
  • Garage Size x x
  • Year Built 1940
  • Property Type Duplex, Residential Income
  • Property Status Active

Additional details

  • Roof Asphalt
  • Heating Natural Gas
  • County Marion
  • Property Type Residential Income
  • Parking Detached
  • Architectural Style Bungalow,Ranch

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Preeti Chaggar

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