1119 S Randolph Street, Indianapolis, IN 46203 (MLS # 22102045)

Price $249,900
Status Active
Beds 2
Baths 2 Baths
Home size 998 sqft
Lot Size 2,614 sqft
Days on Market 30
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.
Property Type(s): Single Family
Last Updated 5/14/2026 Tract Bradleys Prospect
Year Built 1920 Community 4910 - Marion - Center
County Marion

Additional Details

AIR Central Air
AIR CONDITIONING Yes
APPLIANCES Dishwasher, Electric Oven, Refrigerator
AREA 4910 - Marion - Center
CONSTRUCTION Aluminum Siding
HEAT Forced Air
INTERIOR Eat-in Kitchen
LOT 2614 sq ft
STORIES 2
STYLE Traditional
SUBDIVISION Bradleys Prospect
WATER Public

Location

 

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