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David Piccolo

Indianapolis, Indiana
Real Estate Agent
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Listing 5 out of 2,813
$89,200 For Sale

1427 South Alabama Street
Indianapolis, IN 46225

2 units | Multi Family Home
7405 sq ft - MLS# 21606565
Property Photo


Great Investor Opportunity in popular near south side neighborhood!! Lots of renovation happening in Bates Hendricks and price is set so buyer will have instant equity for the needed repairs &/or updates! Both sides of duplex are tenant occupied. 1425 side is 3 bdrm/ 1 bath and 1427 side is 1 bdrm/ 1 bath. 1425 Unit has NEW high efficiency furnace, 1427 side has electric baseboard heat. Shared water meter.


  • Property Type: Multi Family Home
  • Sub Type: 1-4 Units Residential
  • Listing Status: Active
  • County/Area: Marion County
  • Zip Code: 46225
  • Year Built: 1890
  • Subdivision/Neighborhood: Franks Sub Woodruffs Sub B F Morris
  • School District: Indianapolis Public Schools
  • Style: Tradamer
  • Units: 2 units
  • Basement: 1
  • Lot Size: 7,405
  • Area: 4913 - Marion - Center Se
  • Acres: <1/4 Acre
  • Building Information: Smoke Alarm, No Furnature
  • Building Levels: Two
  • Building Type: DblDuplex
  • Building Utilities: Seperate Electric Meter, Seperate Gas Meter, Municipal Sewer Connected, Municipal Water Connected
  • Exterior: Vinyl, Wood
  • Foundation: Basement-Brick, Partial
  • Gross Operating Income: 13920
  • Laundry: ConnAll
  • Lot Information: Access Alley, Access Street
  • Lot Number: 31
  • Main Type: Multi-Family
  • Numberof Garages: 1
  • Solid Waste: 1
  • Sq Ft Source: Assessor
  • Tenant Pays: Insurance Renters, Lawncare, All Utilities
  • Township: Center SE
  • Trans Type: Sale
  • Unit Count: 2
  • Unit Parking: 1 Car Garage, On Street
Courtesy of Indiana Realty Partners, Inc

David Piccolo | 317-513-0300 | Contact Me
Indianapolis, Indiana
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