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4502 Kingsley Drive, 
Indianapolis, IN 46205

$205,000


Bed


Bath


-

Sq Ft


Multi-Family

Active

Listed by

Charlene Gaard

Robert Gaard

No Limit Real Estate, LLC.

317-440-2149

Last updated:

June 21, 2025, 12:36 PM

MLS#

22045106

Source:

IN MIBOR

About This Home

4502 Kingsley Drive

Incredible investment opportunity in one of Indianapolis's hottest neighborhoods - South Broad Ripple! This classic 1920 duplex, located at 4502-4504 Kingsley Dr, offers two well-laid-out 1 bed, 1 bath units with approximately 704 sq ft each. Whether you're looking to house hack or expand your rental portfolio, this property delivers. One side is currently leased at $865/month - well below market rent - while the other side is vacant and ready for immediate occupancy or new tenants at higher rates. Nestled in the charming Montrose subdivision, the duplex sits on a 5,576 sq ft lot and offers a great blend of urban energy and residential peace. South Broad Ripple is renowned for its walkability, vibrant dining scene, coffee shops, parks, and trails. Investors will love the steady demand and strong upside potential in rental income, especially in this high-growth area. With property taxes under $900/year and no HOA fees, your operating costs stay low. Priced at just $205,000 - only $102,500 per unit - this duplex is a rare find for the location and returns. Zoned for Indianapolis Public Schools and offering fast access to downtown, the Monon Trail, and Keystone at the Crossing, this is a location that tenants will love. Don't miss your chance to capitalize on a solid, cash-flowing asset with immediate value-add potential. 4502-4504 Kingsley Dr is a savvy buy in a booming rental market!

Home Facts

Multi-Family

Built in 1920

Price Summary

205,000

MLS #:

22045106

Last Updated:

June 21, 2025, 12:36 PM

Added:

2 day(s) ago


Structure

Structure

Year Built:

1920


Lot

Lot Size (Sq. Ft):

5,662


Finances & Disclosures

Finances

Price:

$205,000

Source:IN MIBOR
The information being provided by Metropolitan Indianapolis Board of Realtors is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2025 Metropolitan Indianapolis Board of Realtors All rights reserved.

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