🔥PRICE DROP!! Westside Duplex in Developing Area! Indianapolis

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1214 W Ray St, Indianapolis, IN 46221
WALKTHROUGH MONDAY, 07/21/25
MUST TEXT 317-751-2308 FOR ACCESS AND TIME

CASH ASKING PRICE
$ 69,990 CASH OR BEST OFFER

AFTER REPAIR VALUE
$ 250,000
Based on 2/1 per side Duplex Conversion

RENTAL ESTIMATE
$ 2,357
Rent-O-Meter

PROPERTY DETAILS

• Duplex
• 4 Beds
• 3 Baths
• Roof 5-10 years, Good condition
• Located in the city's new One Health Innovation District. Major investments underway/planned by Elanco, New Soccer Stadium, and more
• Option to Leave as a Single Family or convert to Duplex for highest value
• Current Occupancy Owner Occupied
• Occupancy at Close Vacant at Close
• Close of Escrow 08/29/25
• Best Offer Due By 07/22/25 03:00 PM
• Non-Refundable Earnest Money Deposit $ 5,000

MARKET ACTIVITY

SUBJECT PROPERTY : 4 Beds / 3 Bath / 2,072 Fin Sqft

COMPARABLES / RECENT ACTIVITY

SOLD $253,000 - 641 Birch Ave / 2 Bed / 2 Bath / 1,272 Fin Sqft

• 1 Less Bedroom per Side, Less Sqft

SOLD $234,000 - 519 Chase St / 6 Bed / 2 Bath / 2,648 Fin Sqft

• Basic finishes and far below market rents contributed to lower sale price

SOLD $187,750 - 1107 S Reisner St / 4 Bed / 3 Bath / 2,264 Fin Sqft

• Not fully updated finishes and below market rents contributed to lower sale price

LINK TO COMPS