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Listed by Dawn McClara • F.C. Tucker Company
$ 417,000
Est. payment /mo
New
515 Sutherland AVE Indianapolis, IN 46205
3,484 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Wrights Park Ave
MLS Listing ID 22124636
Year Built 1900
Tax Year 2025
Lot Size 3,484 Sqft
Acres 0.08
Property Sub-Type Duplex
Property Description
Live in one side and let the other help pay the mortgage! This updated duplex offers a fantastic opportunity for an owner-occupant looking to house hack or an investor seeking a versatile addition to their portfolio. Each unit features 2 bedrooms, 1.5 baths, plus finished third-floor attic space offering valuable flexibility as a bonus room, home office, dressing area, hobby space, or additional storage. Both units have benefited from numerous updates and improvements. The 515 side features renovated bathrooms, updated kitchen finishes including granite and butcher block countertops, updated plumbing and light fixtures, newer carpeting, a repaired rear porch, replacement dishwasher and recently replaced washing machine. A portion of the exterior sewer line serving the property was also replaced approximately two years ago. The 517 side has been freshly painted throughout and features new granite kitchen countertops, an updated upstairs bathroom, updated plumbing and light fixtures, newer carpeting throughout the stairways and third floor, a newer refrigerator, and recently replaced washer and dryer. The rear deck has also received additional repairs and fresh paint. With two spacious units, flexible finished attic areas, separate living spaces, and extensive updates already completed, this property offers options for a variety of buyers. Live in one unit while generating rental income from the other, rent both units for investment income, or create a multigenerational living arrangement while maintaining separate spaces.Conveniently located with access to everything Indianapolis has to offer, 515-517 Sutherland is ready for its next chapter. Home is on Indiana Historic Landmark Registry (see attached covenant).
Location
State IN
County Marion
Interior
Heating Forced Air
Cooling Separate Meters
Fireplace N
Exterior
Roof Type Shingle
Building
Story Three Or More
Foundation Brick
Architectural Style Craftsman, Traditional
Structure Type Wood Siding
New Construction false
Schools
School District Indianapolis Public Schools
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Mia Chatman
Broker/Owner License ID: RB17000298