842-844 N California Street, Indianapolis, IN 46202

$480,000

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List Price
$480,000
MLS#
22111118
Status
ACTIVE
Days on Market
28

Property Description

Discover an outstanding investment opportunity in the heart of historic Ransom Place! This well-maintained duplex offers two spacious units, each featuring 3 bedrooms and 2.5 bathrooms, making it an attractive option for investors seeking strong rental potential or buyers looking to offset their mortgage by living in one unit while leasing the other. Each unit offers a functional floor plan with generous living spaces, well-appointed kitchens, spacious bedrooms, and the convenience of two full bathrooms plus a half bath. The inviting front porch adds to the property's historic charm, while the backyard provides additional outdoor space to enjoy. Off-street parking is available from the alley, with additional street parking conveniently located in front of the property. Perfectly positioned just minutes from downtown Indianapolis, this property is only a few blocks from IU Indianapolis, Purdue University Indianapolis, the new downtown hospital campus, and many of the city's top employers, restaurants, entertainment venues, sporting events, and cultural attractions. Its central location offers outstanding convenience for residents while providing long-term investment appeal.

Additional Information

Expenses
5000
Stories
Two
Architecture
Traditional
Acres
0.09
Region
Center

Mortgage Calculator

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Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Keller Williams Indy Metro Partners.

Information Deemed Reliable But Not Guaranteed. © 2026 MIBOR Broker Listing Cooperative