Price Reduction
Address
614 E 21st Street, Indianapolis, IN
Price
$ 455,000
Property Attributes
- MLS#22101364
- TypeSingle Family
- Listing Status Active
- CountyMARION
- CityIndianapolis
- AreaCenter
- NeighborhoodTab One L3
- Zip46202
- StyleTraditional
- Year Built2008
- Taxes$ 5668
- Price$ 455,000
- Bedrooms4
- Full Bathrooms3
- Half Bathrooms1
- Sqr Footage2432
- Lot Size0.19 Acres
Data Source:
MIBOR Broker Listing Cooperative
Property Description
Investor opportunity in the heart of Indianapolis! Welcome to 614 E 21st St, Indianapolis, IN 46202! Strong cash flow potential meets quality construction in this exceptional investment property located in one of Indianapolis' growing urban corridors. Whether you're expanding your rental portfolio, executing a house-hack strategy, or seeking a short-/mid-term rental opportunity, this asset offers multiple income streams and long-term upside. The primary residence is a well-appointed traditional home featuring upgraded finishes that attract quality tenants, including a modern kitchen with granite countertops, stainless steel appliances, dark cabinetry, an undermount sink, and a butler's pantry. Engineered hardwood flooring throughout the main level enhances durability and appeal, while the spacious layout supports strong rental demand. The upper-level primary suite includes premium finishes with a custom tiled shower, granite dual vanities, and an attractive bath design, while additional bathrooms offer comparable upgraded finishes-helping position the property above average rental inventory. The true value-add is the detached income-producing carriage house, creating a compelling multi-income opportunity. This separate unit includes private access, dedicated laundry, private patio, garage bay, and carport parking, making it highly marketable for long-term tenants, furnished rentals, guest housing, or owner-occupant offset income. Exterior amenities, including a private fenced backyard and large patio further increase tenant desirability and retention. Both units are currently occupied. The main house is leased until 9/30/2026, and the Carriage house is leased as a rental arbitrage until 7/31/2028 as an Airbnb. This property is professionally managed, and the current management company is interested in continuing to manage this property.
| Price History | |
|---|---|
| 5/13/2026 | Listed $475,000 |
| 7/7/2026 | 2$470,000 |
| 7/16/2026 | 2$465,000 |
| 8/12/2026 | 2$460,000 |
| 8/31/2026 | 2$455,000 |
General Features
| Heating | Electric,Forced Air |
|---|---|
| Cooling | Central Air |
| Possession | Closing |
| Appliances | Dishwasher,Electric Water Heater,Disposal,Microwave,Electric Oven,Refrigerator |
| Garage Spaces | 3 |
| Architectural Style | Traditional |
| Construction Materials | Cement Siding |
| Year Built | 2008 |
| Township | Center |
| Levels | Two |
| Property Subtype | Single Family Residence |
| Tax Year | 2024 |
| County | Marion |
| New Construction | No |
| Property Type | Residential |
| HOA | No |
| Subdivision Name | Tab One L3 |
| Garage Y/N | Yes |
| Total Rooms | 7 |
| Full Baths | 3 |
| Status | Active |
| Directions | GPS Friendly |
| City | Indianapolis |
| High School District | Indianapolis Public Schools |
| MLS Area | 4910 - Marion - Center |
| Lot Size Square Feet | 8190 |
| Property Attached Y/N | No |
| Standard Status | Active |
| Tax Lot | 490625108187001101 |
| Legal Description | Tab One L3 |
Interior Features
| Interior Amenities | Breakfast Bar,Pantry |
|---|---|
| Basement (Y/N) | No |
| Half Baths | 1 |
| Total Bedrooms | 4 |
| LivingAreaSource | Assessor |
| Total Baths | 4 |
Exterior Features
| Parking Features | Attached,Carport,Detached |
|---|---|
| Water Source | Public |
| Foundation Details | Slab |
| Building Area Total | 2432 |
| Lot Size Acres | 0.19 |
| Horse Amenities | None |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 46202
Price
Taxes
Year Built
Visits
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Last Updated: September 14, 2026 9:38 PM UTC
