1123 S Randolph ST, Indianapolis, IN 46203
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1123 S Randolph ST, Indianapolis, IN 46203
1123 S Randolph ST, Indianapolis, IN 46203
1123 S Randolph ST, Indianapolis, IN 46203
1123 S Randolph ST, Indianapolis, IN 46203
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Mia Chatman

Mia Chatman

+1(317) 500-5963
Listed by Kyle Hoffman • @properties
$ 279,900
Est. payment /mo
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1123 S Randolph ST Indianapolis, IN 46203

3 Beds

2 Baths

1,066 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,066 sqft

Price per Sqft $262

Subdivision Bradleys Prospect

MLS Listing ID 22102062

Bedrooms 3

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

Rooms

Main Level Bedrooms 1

Interior

Interior Features Attic Access, Breakfast Bar

Heating Electric

Cooling Central Air

Fireplace Y

Appliance None

Building

Story Two

Foundation Crawl Space

Water Public

Architectural Style A-Frame, Contemporary, Traditional

Structure Type Vinyl Siding

New Construction false

Schools

School District Indianapolis Public Schools

MIBOR MLS
© 2026 All listing information is courtesy of MIBOR Broker Listing Cooperative(R) as distributed by MLS Grid. All rights reserved.

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Mia Chatman
Mia Chatman

Broker/Owner | License ID: RB17000298

+1(317) 500-5963

Indianapolis, IN, 46235, USA

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1123 S Randolph ST