4502 Kingsley Drive
Indianapolis, IN 46205
Map
- – beds
- – baths
- – sqft
- 5,576 sqft lot
- 1920 build
Incredible investment opportunity in one of Indianapolis's hottest neighborhoods - South Broad Ripple! This classic 1920 duplex, located at 4502-4504 Kingsley Dr, offers two well-laid-out 1 bed, 1 bath units with approximately 704 sq ft each. Whether you're looking to house hack or expand your rental portfolio, this property delivers. One side is currently leased at $865/month - well below market rent - while the other side is vacant and ready for immediate occupancy or new tenants at higher rates. Nestled in the charming Montrose subdivision, the duplex sits on a 5,576 sq ft lot and offers a great blend of urban energy and residential peace. South Broad Ripple is renowned for its walkability, vibrant dining scene, coffee shops, parks, and trails. Investors will love the steady demand and strong upside potential in rental income, especially in this high-growth area. With property taxes under $900/year and no HOA fees, your operating costs stay low. Priced at just $205,000 - only $102,500 per unit - this duplex is a rare find for the location and returns. Zoned for Indianapolis Public Schools and offering fast access to downtown, the Monon Trail, and Keystone at the Crossing, this is a location that tenants will love. Don't miss your chance to capitalize on a solid, cash-flowing asset with immediate value-add potential. 4502-4504 Kingsley Dr is a savvy buy in a booming rental market!
Last checked:
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Last updated Jun 28, 2025
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MLS# 22045106 —
The Building
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Year Built:1920
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New Construction:false
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Levels:One
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Green Certification:No
Location
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Directions:GPS Friendly
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Latitude:39.838475
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Longitude:-86.130503
The Property
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View:true
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Property Type:Residential Income
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Property Subtype:Duplex
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Parcel Number:490718103052000801
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Acres:<1/4 Acre
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Lot Size Acres:0.13
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Lot Size SqFt:5,576 Sqft
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Price Per Acre:1576923
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Current Use:Apt<20
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Road Access:County Rd
Listing Agent
- Contact info:
- Agent phone:
- (317) 440-2149
- Office phone:
- (317) 440-2149
Taxes
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Tax Lot:490718103052000801
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Tax Year:2024
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Semi Annual Property Tax Amt:863
Utilities
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Solid Waste:Yes
Schools
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High School District:Indianapolis Public Schools
The Community
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Subdivision Name:Montrose
Extra Units
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# of Units Total:2
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
6/20/25
Jun 20, 2025
|
Listed / Active | MIBOR | $205,000 |
