Rare investment opportunity at 1502 S Arlington Ave offering an incredibly unique setup with massive income-producing potential and flexibility that is nearly impossible to find in today's market. This property is far more than a standard single-family home! It includes a main residence, an additional apartment, and a detached garage with finished living space above, creating multiple opportunities for strong rental income and creative investment strategies all on one property. Whether you're an experienced investor looking to expand your portfolio, a first-time buyer interested in house hacking, or someone searching for a property with long-term upside and versatility, this one delivers options that very few properties can match. The layout opens the door for multiple streams of income through long-term rentals, short-term rentals, furnished rentals, multigenerational living arrangements, guest accommodations, office or studio space, and more.The detached finished space alone creates incredible added value and flexibility, making this property ideal for buyers who understand the power of maximizing every square foot for income generation. Live in one unit while tenants help offset your mortgage, rent all spaces for impressive cash flow potential, or create a custom live/work setup tailored to your needs. Properties with this type of configuration are extremely rare because they offer something investors are constantly searching for flexibility, scalability, and multiple ways to increase returns. The possibilities here are endless, and the income potential is truly standout compared to typical properties in this price range. If you are tired of cookie-cutter investment properties and looking for something with real upside, serious rental potential, and the ability to stand apart from the competition, 1502 S Arlington Ave deserves your attention. Investors take notice opportunities like this do not come around often.
Property Type(s):
Single Family
|
Last Updated
|
5/29/2026
|
Tract
|
No Subdivision
|
|
Year Built
|
1940
|
Community
|
4905 - Marion - Warren
|
|
Garage Spaces
|
3.0
|
County
|
Marion
|
SCHOOLS
| Elementary School |
Lowell Elementary School |
| High School |
Warren Central High School |
Additional Details
| AIR |
Central Air |
| AIR CONDITIONING |
Yes |
| APPLIANCES |
Dishwasher, Gas Oven, Gas Water Heater, Range Hood, Refrigerator |
| AREA |
4905 - Marion - Warren |
| BASEMENT |
Partial, Unfinished, Yes |
| CONSTRUCTION |
Vinyl Siding |
| FIREPLACE |
Yes |
| GARAGE |
Yes |
| HEAT |
Forced Air, Natural Gas |
| INTERIOR |
Eat-in Kitchen, Kitchen Island |
| LOT |
0.59 acre(s) |
| PARKING |
Detached |
| STORIES |
1 |
| STYLE |
Traditional |
| SUBDIVISION |
No Subdivision |
| WATER |
Public |
Location
Listed with F.C. Tucker Company
Listing information is deemed reliable, but not guaranteed.
© 2026 Metropolitan Indianapolis Board of REALTORS®
This IDX solution is (c) Diverse Solutions 2026.
Request More Info
Schedule a Showing
Share
Print
Twitter
Facebook
Email