59 E Troy Ave, Indianapolis, IN 46225, USA

$124,900

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🔥 Indianapolis Duplex Deal | Nearly Finished | Fast Upside 🔥

Address: 59 E Troy Ave, Indianapolis, IN 46225

Property Overview

Value-add duplex featuring 4 beds / 2.5 baths across 2,236 sq ft in Southside Indianapolis. This is a nearly completed project with major work already done—ideal for investors looking for a quick finish and fast returns.

Key Features

  • Duplex (2 units)
  • 4 Beds / 2.5 Baths total
  • 2,236 Sq Ft
  • Corner Lot
  • Wraparound Driveway
  • Garage
  • Built in 1910
  • Vacant

Condition & Systems

  • Exterior: Vinyl siding + roof ~1–3 years old
  • Dry basement
  • Furnace: ~6–10 years
  • Foundation: Good
  • Unit 1: Mostly updated
  • Unit 2: Needs completion
  • Light-to-moderate rehab remaining

Investment Highlights

  • Major renovations already completed
  • Reduced rehab timeline and cost
  • Ideal for flip or buy-and-hold
  • Strong rental demand in Indy market
  • Vacant = immediate access and execution

Deal Potential

  • Finish project and stabilize for strong rental income
  • Flip into turnkey duplex for premium resale
  • Opportunity to force appreciation with minimal remaining work

⚡ Nearly finished duplex deals with this kind of upside don’t last — move quickly
 

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