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7315 S Meridian Street

Indianapolis, IN 46217
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$699,900 $2,950/Mo
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Bed 0

Bed

Bath 0

Bath

Acres0.65

Acre(Lot)

One of kind, solid brick duplex with 3 Br / 2 Ba / 2 car garage per side. Live in one side, rent out the other, perfect for multigenerational living arrangements, or buy as an investment. Better yet, operate a licensed childcare biz for up to 32 children 24/7. Current owner has successfully run a childcare business out of this location for many years. Due to the existing configuration, licensing history and revenue generating potential, the owner believes childcare operation presents the highest and best use. Property has been updated to meet Indiana's Class II childcare licensing requirements. These improvements help create a facility capable of supporting larger enrollment capacities. Both sides have open floor plans and stunning sunrooms with loads of natural light. Vaulted ceil ings, some bathrooms updated, hardwood floors, numerous lights have been updated, freshly painted and so much more. You haven't seen a duplex quite like this one. The owner is open to leaving the existing childcare furnishings, equipment, educational materials, playground equipment, security and camera systems, and other daycare inventory. The inventory is substantial enough to support successful operation on both sides of the property, creating a rare turnkey opportunity for the right buyer. Whether you are an experienced childcare provider, an entrepreneur seeking a unique business opportunity, an investor looking for multiple income streams, or a family seeking a flexible multigenerational living arrangement, this property presents possibilities rarely found in today's market.

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Detail Ic Property Details

Property Type : Residential Income

Price : $699,900

AD Id : 80035364

MLS Id : MBR22088548

Lot Size : 0.65 Acre

Year Built : 1997

Garage : 4

County : Marion

Subdivision: Lancastershire

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Feature Features

  • Flooring Information

    Construction Materials: Brick

  • Heating & Cooling

    Cooling: Central Air

  • Building Information

    Year Built: 1997

  • Lot Information

    Lot Description: Corner Lot, Curbs, Sidewalks, Street Lights, Not In Subdivision Lot Square Feet: 28401 Lot Acres: 0.65

    Property Information

    Property Type: Residential Income Sub Type: Duplex Style: Ranch Structure Type: Duplex, FreeStand

  • Listing Price Information

    Original List Price:$825000

  • Tax Information

    Tax Lot: 90 Tax Legal Description: Lancastershire Add L90 Ex .022Ac N Side Tax Year: 2024 Parcel Number: 491413103175000500

  • Parking Information

    Attached

    Garage Information

    Garage Space: 4

  • School Information

    Elementary School: Douglas MacArthur Elementary Sch Junior High School: Perry Meridian Middle School Senior High School: Perry Meridian High School

  • Location Information

    Subdivision: Lancastershire City: Indianapolis Direction: GPS Friendly
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Disclaimer: The information being provided courtesy of MIBOR REALTOR® Association as distributed by MLS GRID and is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the MIBOR REALTOR® Association. ByOwner.com is not a Multiple Listing Service (MLS), nor does it offer MLS access. ByOwner.com is a broker participant of MIBOR REALTOR® Association. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.

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ByOwner last updated this listing 06/23/2026 @ 18:20

MLS: MIBOR #22088548 LISTED BY: Derek Gutting, Keller Williams Indpls Metro N 317-846-6300 SOURCE: MIBOR REALTOR® Association (Listings courtesy of MIBOR REALTOR® Association as distributed by MLS GRID)

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