316 W 29th St, Indianapolis

Turnkey Duplex in Up-and-Coming Highland Vicinity - Strong Investment Potential! Located at 316 W 29th St, Indianapolis, this well-maintained duplex offers an excellent opportunity for investors seeking monthly cash flow and long-term appreciation. Situated in the Highland Vicinity neighborhood, this area is beginning to see revitalization and sits just minutes from some of Indy's top destinations. You're within a 5-minute drive of the massive $4.3B IU Health Hospital expansion and less than 10 minutes from downtown Indy. Also nearby is the Children's Museum, Art Museum, Monon Trail, State Fairgrounds, Marian University, Ivy Tech, Butler University, the Indianapolis Zoo, Eiteljorg Museum, and more. The Red Line bus system runs right by the property, offering even more convenience for tenants. The duplex was fully renovated approximately 5 years ago, including a new roof, HVAC systems, water heaters, windows, flooring, paint, and additional upgrades. Utilities are separately metered, and there are two off-street parking spots in the rear. With minimal yard space, exterior maintenance is a breeze. One unit is currently tenant-occupied ($650/mo exp 3/31/26), and the other is vacant, with professional management in place (Wilmoth Group) actively marketing it for lease. Utilities are separately metered and paid by the tenants. The vacant unit also makes this property a potential fit for an owner-occupant house hacker looking to offset living costs. Don't miss your chance to own a solid, low-maintenance asset in a growing area of Indianapolis!