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4901 Central Avenue

Indianapolis, IN 46205
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Bed 0

Bed

Bath 0

Bath

Acres0.28

Acre(Lot)

Discover a rare and versatile real estate opportunity on a prominent corner lot in the heart of Indianapolis's highly coveted Meridian-Kessler neighborhood. Built in 1925, this expansive, side-by-side duplex perfectly balances historic architectural charm with modern updates. Each side of this well-maintained duplex boasts a spacious, traditional layout featuring 3 bedrooms and 1.5 bathrooms, offering the scale and feel of two substantial single-family homes. Mechanicals: Newer, high-efficiency HVAC systems and water heaters ensuring low utility costs and minimal maintenance. Exterior: Newer, low-maintenance vinyl siding that protects the building's envelope while preserving its classic curb appeal. Interior updates: Thoughtful updates throughout that bridge the gap between 1920s chara cter and modern convenience. Whether you are looking to expand your portfolio or utilize a "house-hacking" strategy to live with drastically reduced expenses, the current occupancy structure is perfectly set up for an easy transition: One side is fully occupied, providing immediate, dependable cash flow from day one. One side is vacant, sparkling clean, and ready for an owner-occupant to move right in or for a landlord to place a new tenant at current market rent. Premium Location Situated on a beautiful, high-visibility corner lot on Central Avenue, this property puts you minutes from the best of Midtown. Enjoy easy access to local favorites like fresh coffee, dining, top-rated schools, and the Monon Trail, all while being just a short drive from downtown Indy. Don't miss out on one of the most solid, turnkey multi-family opportunities available in Meridian-Kessler today.

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Detail Ic Property Details

Property Type : Residential Income

Price : $475,000

AD Id : 79698442

MLS Id : MBR22104419

Lot Size : 0.28 Acre

Year Built : 1925

County : Marion

Subdivision: Central

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Feature Features

  • Room Information

    Has Basement: Yes

  • Building Information

    Year Built: 1925

  • Lot Information

    Lot Square Feet: 11979 Lot Acres: 0.28

    Property Information

    Property Type: Residential Income Sub Type: Duplex

  • Listing Price Information

    Original List Price:$490000

  • Tax Information

    Tax Lot: 49-06-12-223-009.000-801 Tax Legal Description: Pt Se1/4 S12 T16 R3 Beg 1420'S Of Nw Cor; E140's85.74' W140' N85.74' To Beg .275Ac Tax Year: 2024 Parcel Number: 490612223009000801

  • Parking Information

    Asphalt

  • Location Information

    Subdivision: Central City: Indianapolis Direction: GPS Friendly
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ByOwner last updated this listing 06/24/2026 @ 18:20

MLS: MIBOR #22104419 LISTED BY: Garrett Lickliter, Lickliter Realty Services LLC 317-214-6688 SOURCE: MIBOR REALTOR® Association (Listings courtesy of MIBOR REALTOR® Association as distributed by MLS GRID)

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