🏡PRICE DROP!! Westside Duplex in Developing Area! Indianapolis Available

  • $69,990
  • 4 beds
  • 3 baths
  • 2,072 sqft

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1214 W Ray St, Indianapolis, IN 46221
WALKTHROUGH MONDAY, 07/21/25
MUST TEXT 317-751-2308 FOR ACCESS AND TIME

CASH ASKING PRICE
$ 69,990 CASH OR BEST OFFER

AFTER REPAIR VALUE
$ 250,000
Based on 2/1 per side Duplex Conversion

RENTAL ESTIMATE
$ 236
Rent-O-Meter

PROPERTY DETAILS

  • Duplex
  • 4 Beds
  • 3 Baths
  • Roof 5-10 years, Good condition
  • Located in the city’s new One Health Innovation District. Major investments underway/planned by Elanco, New Soccer Stadium, and more
  • Option to Leave as a Single Family or convert to Duplex for highest value
  • Current Occupancy Owner Occupied
  • Occupancy at Close Vacant at Close
  • Close of Escrow 08/29/25
  • Best Offer Due By 07/22/25 03:00 PM
  • Non-Refundable Earnest Money Deposit $ 5,000

MARKET ACTIVITY

https://cdn.carrot.com/uploads/sites/55003/2025/04/Property-Map-Example-IBM.png
SUBJECT PROPERTY : 4 Beds / 3 Bath / 2,072 Fin Sqft

COMPARABLES / RECENT ACTIVITY

  • SOLD $253,000 – 641 Birch Ave / 2 Bed / 2 Bath / 1,272 Fin Sqft
    • 1 Less Bedroom per Side, Less Sqft
  • SOLD $234,000 – 519 Chase St / 6 Bed / 2 Bath / 2,648 Fin Sqft
    • Basic finishes and far below market rents contributed to lower sale price
  • SOLD $187,750 – 1107 S Reisner St / 4 Bed / 3 Bath / 2,264 Fin Sqft
    • Not fully updated finishes and below market rents contributed to lower sale price

    • LINK TO COMPS

    Price:
    $69,990
    Address:
    1214 W Ray St
    Indianapolis, IN 46221
    Square Feet:
    2,072
    Lot Size:
    4,240
    Bedrooms:
    4
    Bathrooms:
    3
    Terms:
    Assignment of Contract
    Property Type:
    Duplex
    Year Built:
    1900
    Basement:
    Craw

    Call 317-751-2308 for more details

    Property Location