REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Steve Lew Real Estate Group

info@listwithlew.com +1(317) 868-5478

Listed by Kyle Hoffman • @properties

$ 249,900

Est. payment | -/mo

2 Beds

2 Baths

998 SqFt

Save

$ 249,900

Est. payment | -/mo

Save

2 Beds

2 Baths

998 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 998 sqft

Price per Sqft $250

Subdivision Bradleys Prospect

MLS Listing ID 22102045

Bedrooms 2

Full Baths 2

HOA Y/N No

Year Built 1920

Tax Year 2024

Lot Size 2,613 Sqft

Acres 0.06

Property Sub-Type Single Family Residence

Property Description

Rare opportunity to purchase two furnished, income-producing mid-term rental properties preferably sold as a pair in one of Indy's most convenient near-downtown locations. Located at 1119 and 1123 S Randolph St, these two neighboring homes share a backyard and have been successfully utilized as furnished rent-by-the-room stays, primarily serving healthcare professionals and traveling tenants looking for flexible housing near downtown Indianapolis, Fountain Square, local hospitals, and major employment hubs. The properties offer a strong current income, operational flexibility, and long-term upside. Each home is already furnished and currently operating as a room-by-room rental, creating a turnkey opportunity for an investor looking to step into an existing mid-term rental model rather than build one from scratch. Income for 1119 S Randolph St generated $36,157.17 in total gross income, while 1123 S Randolph St generated $32,215.26 in total gross income. Together, the two properties produced $68,372.43 in total gross income during that period. Whether continuing the current furnished rent-by-the-room strategy, transitioning to traditional mid-term rentals, or exploring another furnished housing model, this package gives investors multiple paths to operate and optimize. With proximity to downtown Indy, Fountain Square, local hospitals, major interstates, restaurants, nightlife, and employment centers, these homes are well-positioned for continued tenant demand from traveling healthcare workers, professionals, and renters seeking flexible furnished housing.

Location

State IN

County Marion

Interior

Interior Features Attic Access, Eat-in Kitchen

Heating Forced Air

Cooling Central Air

Fireplace Y

Appliance Dishwasher, Electric Oven, Refrigerator

Building

Story Two

Foundation Block

Water Public

Architectural Style Traditional

Structure Type Aluminum Siding

New Construction false

Schools

School District Indianapolis Public Schools

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(317) 868-5478

info@listwithlew.com

550 US 31 S., Greenwood, Indiana, 46142, USA

1119 S Randolph ST Indianapolis, IN 46203

Steve Lew Real Estate Group

Key Details

Location

Interior

Building

Schools

Nearby Locations

GET MORE INFORMATION

Go tour this home

1119 S Randolph ST