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1502 S Arlington Avenue, 
Indianapolis, IN 46203

$299,990


4

Beds


3

Baths


1,886

Sq Ft


Single Family


Virtual Tour

Active

Listed by

Mya Williams

F.C. Tucker Company

317-570-3800

Last updated:

June 15, 2026, 02:45 PM

MLS#

22104936

Source:

IN MIBOR

About This Home

1502 S Arlington Avenue

Rare investment opportunity at 1502 S Arlington Ave offering an incredibly unique setup with massive income-producing potential and flexibility that is nearly impossible to find in today's market. This property is far more than a standard single-family home! It includes a main residence, an additional apartment, and a detached garage with finished living space above, creating multiple opportunities for strong rental income and creative investment strategies all on one property. Whether you're an experienced investor looking to expand your portfolio, a first-time buyer interested in house hacking, or someone searching for a property with long-term upside and versatility, this one delivers options that very few properties can match. The layout opens the door for multiple streams of income through long-term rentals, short-term rentals, furnished rentals, multigenerational living arrangements, guest accommodations, office or studio space, and more.The detached finished space alone creates incredible added value and flexibility, making this property ideal for buyers who understand the power of maximizing every square foot for income generation. Live in one unit while tenants help offset your mortgage, rent all spaces for impressive cash flow potential, or create a custom live/work setup tailored to your needs. Properties with this type of configuration are extremely rare because they offer something investors are constantly searching for flexibility, scalability, and multiple ways to increase returns. The possibilities here are endless, and the income potential is truly standout compared to typical properties in this price range. If you are tired of cookie-cutter investment properties and looking for something with real upside, serious rental potential, and the ability to stand apart from the competition, 1502 S Arlington Ave deserves your attention. Investors take notice opportunities like this do not come around often.

Home Facts

Single Family

3 Baths

4 Bedrooms

Built in 1940

Price Summary

299,990

$159 per Sq. Ft.

MLS #:

22104936

Last Updated:

June 15, 2026, 02:45 PM

Added:

18 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

4

Bathrooms

Total Bathrooms:

3

Full Bathrooms:

2

Interior

Living Area:

1,886 Sq. Ft.


Structure

Structure

Building Area:

2,599 Sq. Ft.

Year Built:

1940


Lot

Lot Size (Sq. Ft):

25,700


Finances & Disclosures

Finances

Price:

$299,990

Price per Sq. Ft:

$159 per Sq. Ft.

Source:IN MIBOR
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.