$255,000

beds

baths

1,728

square ft

(Address confidential)

Indianapolis, Indiana 46226

Active / MLS #22031726 / Single Family / Far Eastside - Indianapolis

Listing information updated 11/13/2025 at 9:06am

Investor opportunity with solid returns and future growth potential. This income-producing property at 8560 E 38th Street is being sold together with the adjacent parcel at 8554 E 38th Street. The home is currently rented for $1,900 per month, providing immediate and consistent cash flow. A great option for investors seeking a turnkey rental with a stable tenant already in place. The second parcel, 8554 E 38th Street, is a separate lot with its own street access and address, making it an ideal buildable site. This gives the new owner flexibility to develop another home, expand rental holdings, or hold the land for future appreciation. Opportunities to purchase an existing rented property alongside a buildable lot are limited, making this package a valuable long-term investment. The existing home offers comfortable living space, a functional layout, and a well-maintained interior, ensuring continued tenant satisfaction and low vacancy potential. Located near shopping, schools, and major roads, the property benefits from strong rental demand and convenient access to local amenities. This package provides both short-term income and long-term upside-perfect for investors looking to expand their portfolio with minimal effort. Acquire a tenant-occupied property that pays from day one and gain a second parcel ready for future development or resale. All information deemed reliable but not guaranteed. Buyers to verify lot dimensions, zoning, lease details, and development potential.

Full Features

Architecture Style:

Ranch

Exterior Type:

Brick,Block,Vinyl With Brick

Beds Above Grade:

Cooling System:

Central Air

Heating System:

Natural Gas

Appliances:

Electric Cooktop, Dishwasher, Dryer, Electric Water Heater, Disposal, Exhaust Fan, Microwave, Oven, Range Hood, Refrigerator, Free-Standing Freezer, Washer, Water Purifier, Water Softener Owned

Main Level Primary Bedroom:

Yes

Fireplace:

Yes

Pool:

Age:

77 Years

Parking Spaces:

Garage:

Garage - 1 Car(s)

Room Count:

Square Feet:

1,728

Lot Size:

0.79 Acres

Acreage:

0.79

Internal Features:

Attic Access, Bath Sinks Double Main, Breakfast Bar, Kitchen Island, Eat-in Kitchen, Wired for Data, Smart Thermostat, Supplemental Storage, Walk-In Closet(s)

External Features:

Patio/Porch

Room Information

Primary Bedroom:

22x12 - Main

2nd Bedroom:

22x12 - Main

3rd Bedroom:

12x12 - Main

Taxes & Assessments

Tax Amount:

N/A

Tax Year:

2024

Location

Zip Code:

46226

City:

Indianapolis

County:

Marion

Schools

School District(s):

Indianapolis Public Schools

Elementary School:

N/A

Middle School:

N/A

High School:

N/A

Architecture Style:

Ranch

Exterior Type:

Brick,Block,Vinyl With Brick

Beds Above Grade:

Cooling System:

Central Air

Heating System:

Natural Gas

Appliances:

Electric Cooktop, Dishwasher, Dryer, Electric Water Heater, Disposal, Exhaust Fan, Microwave, Oven, Range Hood, Refrigerator, Free-Standing Freezer, Washer, Water Purifier, Water Softener Owned

Main Level Primary Bedroom:

Yes

Fireplace:

Yes

Pool:

Age:

77 Years

Parking Spaces:

Garage:

Garage - 1 Car(s)

Room Count:

Square Feet:

1,728

Lot Size:

0.79 Acres

Acreage:

0.79

Internal Features:

Attic Access, Bath Sinks Double Main, Breakfast Bar, Kitchen Island, Eat-in Kitchen, Wired for Data, Smart Thermostat, Supplemental Storage, Walk-In Closet(s)

External Features:

Patio/Porch

Primary Bedroom:

22x12 - Main

2nd Bedroom:

22x12 - Main

3rd Bedroom:

12x12 - Main

Tax Amount:

N/A

Tax Year:

2024

Zip Code:

46226

City:

Indianapolis

County:

Marion

School District(s):

Indianapolis Public Schools

Elementary School:

N/A

Middle School:

N/A

High School:

N/A

Listing Office: eXp Realty, LLC

Listing Office Phone: 888.611.3912

Disclaimer: The data relating to real estate for sale on this website comes courtesy of MIBOR REALTOR® Association as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 11/13/2025 at 9:06am. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.