USAINIndianapolisJames Johnsons E Ohio St405 N Keystone Ave

405 N Keystone Ave, Indianapolis, IN

Name: 405 N Keystone Ave, For Sale in Indianapolis - eXp Realty
Brand: @properties
SKU: 22088820
Price: 489000 USD

House

For Sale

Listed price in listed location currency (USD).

$489,000

002

MLS® 22088820

Key Facts
Description
Map

Key Facts

Type Duplex

Levels Residential Income

Size -

Garage Yes

Taxes

Days Active 58

Lot Size

Approx. Age 1890

MLS® Number 22088820

Property Address: 405 N Keystone Ave, Indianapolis, IN, 46201-3109

Average square foot calculated using Size range provided by listing agent.

Description

Turnkey investment opportunity in the heart of Indianapolis's growing urban core. This fully renovated duplex is a true multifamily asset featuring two large mirror-image units, each offering 3 bedrooms and 2.5 bathrooms-for a total of 6 bedrooms, 4 full baths, and 2 half baths. The property is fully leased and generating $4, 320/month in rental income, providing immediate, stabilized cash flow from day one. Each unit welcomes tenants with a covered front porch and opens into bright living spaces with 9-foot ceilings, historic exposed brick, and open-concept layouts. Updated kitchens include stainless steel appliances, soft-close cabinetry, and butcher block countertops. The main level of each unit also features a guest half bath and in-unit washer & dryer hookups, enhancing tenant appeal and retention. Upstairs, both units offer two spacious bedrooms with walk-in closets and a shared full bath, leading to a private primary suite with vaulted ceilings, a large walk-in closet, and tiled shower. Additional features include new LVP flooring throughout, basement storage, rear deck, fenced backyard, and split storage garage-providing functional amenities that support long-term tenancy. Separate entrances and mirrored layouts allow for streamlined management and leasing consistency. This property offers proven rental performance and minimal near-term capital needs. Located just over 1.5 miles from the Bottleworks District and Mass Ave, with quick access via the updated New York and Michigan Street corridors, tenants benefit from proximity to some of Indianapolis' top dining, entertainment, and employment hubs-supporting strong rental demand and long-term appreciation. A clean, stabilized asset ideal for investors seeking immediate income and low-maintenance ownership in a high-growth downtown submarket.

MLS® Number22088820

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

GarageYes

Approx. Age1890

BasementCellar, Storage Space, Unfinished

Driveway

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Mar 12, 2026List Date

$489,000List Price

Commute

Commute

Starting Address

Destination Address

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