IN > Indianapolis > Cross Trails
Indianapolis, IN 46201,818 N Drexel AVE
Indianapolis, IN 46201,818 N Drexel AVE
Indianapolis, IN 46201,818 N Drexel AVE
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$280,000
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4,356 Sqft Lot
Active

818 N Drexel AVE Indianapolis, IN 46201

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Jack Aikin

Jack Aikin

+1(317) 341-1461

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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Subdivision Cross Trails

MLS Listing ID 22069958

Year Built 1925

Tax Year 2024

Lot Size 4,356 Sqft

Acres 0.1

Property Sub-Type Duplex

Property Description

Investor Alert! This income-producing duplex in Christian Park is the ideal blend of cash flow, location, and long-term upside. Just a few blocks from historic Irvington and minutes from downtown Indianapolis, this property sits in a strong rental market with growing demand and neighborhood revitalization underway. Both units are mirror layouts, offering 2 bedrooms and 1 bathroom each, with approximately 988 sq ft per side. Tenants will appreciate spacious rooms, laundry hookups in the shared basement, and convenient access to parks, coffee shops, and public transportation. The property features separate gas heat and hot water, brick and vinyl siding, and is nestled on a quiet, tree-lined street with sidewalks - ideal for long-term residents. With market rents estimated at $1,000-$1,200 per unit, this duplex can generate $24,000-$28,800 annually in gross income. Combined with low property taxes ($1,049/year) and minimal operating expenses, the estimated Net Operating Income is $8,775/year - with even more upside if updates are made. This is a rare opportunity to own a turnkey, income-generating property in a high-demand area. Whether you're an experienced investor or a first-timer looking to house hack, 818 N Drexel Ave offers steady returns in one of Indy's most promising east-side neighborhoods. Don't miss this cash-flowing asset just steps from everything Irvington has to offer!

Location

State IN

County Marion

Interior

Heating Forced Air

Fireplace N

Building

Story Two

Architectural Style Traditional

Structure Type Brick,Vinyl Siding

New Construction false

Schools

School District Indianapolis Public Schools

MIBOR MLS
© 2025 All listing information is courtesy of MIBOR Broker Listing Cooperative(R) as distributed by MLS Grid. All rights reserved.

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Jack Aikin

Jack Aikin

Agent | RBRB19000475

+1(317) 341-1461

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818 N Drexel AVE

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