1241 W 31st St

Indianapolis, IN 46208

$275,000
Price
6
Beds
3,256 Sq. Ft.
$84 / Sq. Ft.
3,256
Sq. Ft.
$84
per Sq. Ft.

Description

Looking for a high-yield investment opportunity? This 6-bed home in Indianapolis offers flexible rental potential with six private bedrooms, two full baths, and a layout well-suited for shared housing models. Positioned near Riverside Park and just minutes from IUPUI, downtown employers, and public transit routes, the location supports consistent demand for housing from students, workforce renters, and voucher holders. Zoned single-family, this property has a strong rental history and is currently...Looking for a high-yield investment opportunity? This 6-bed home in Indianapolis offers flexible rental potential with six private bedrooms, two full baths, and a layout well-suited for shared housing models. Positioned near Riverside Park and just minutes from IUPUI, downtown employers, and public transit routes, the location supports consistent demand for housing from students, workforce renters, and voucher holders. Zoned single-family, this property has a strong rental history and is currently vacant for immediate lease-up or minor value-add upgrades. Large common areas, full kitchen, and convenient street parking make it easy to configure as traditional or shared living. Newer roof and updated mechanicals provide peace of mind. Investors looking to maximize returns through Section 8, room-by-room, or co-living strategies will find this an adaptable asset in a high-demand corridor. Nearby properties show stable cash flow potential with proper management. No HOA.
  1. Listed by Charlene Gaard • No Limit Real Estate, LLC
  2. Listed by Robert Gaard • No Limit Real Estate, LLC

Property Details for 1241 West 31st Street

Architectural Style
Traditional
Subdivision Name
Armstrongs 1st Add
Township
Center
LISTING UPDATED: 12/01/2025 05:28 PM

Property Details for 1241 West 31st Street

StatusActive
MLS #22073819
Days on Market36
Taxes$944 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1930
Lot Size0.12 AC / 5,227 SF
CountyMarion County

Location

Listing Courtesy of No Limit Real Estate, LLC
Add your commute

Building Information for 1241 West 31st Street

Stories-Year Built1930Building Size-Lot Size0.12 AC / 5,227 SF

Payment Calculator

$1,516 per month

30 year fixed, 6.28% Interest

Principal and Interest

$1,359

Property Taxes

$157

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1241 West 31st Street

Summary
Location and General Information
  • City: Indianapolis
  • County Or Parish: Marion
  • Directions: GPS Friendly
  • Postal Code: 46208
  • Postal Code Plus4: 4846
  • State Or Province: IN
Taxes and HOA Information
  • Attic YN: No
  • Parcel Number: 490622102064000101
  • Semi Annual Property Tax Amt: 944
  • Tax Year: 2024
  • TaxLot: 49-06-22-102-064.000-101
School Information
  • School District: Indianapolis Public Schools
Parking
  • Garage YN: No
Property
Lot Information
  • Acreage: <1/4 Acre
  • Lot Size Square Feet: 5009.0
  • Lot Size Acres: 0.12
  • Main Level SqFt: 1628
  • New Construction: False
  • Living SqFt: 0.0
  • Sqft Total: 1628.0
  • Sq Ft Total: 3256.0
  • Year Built Numeric: 1930
  • Below Grade Finished Area: 0.0
  • Living Area Source: Assessor
Property and Assessments
  • Affected by Disclosures: No
  • DPRYN: Yes
  • Legal Subdivision: Armstrong 1st Add L20 B13
  • Photos Count: 30
  • Property Attached: No
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Transaction Type: Sale
Utilities
  • Solid Waste: Yes
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Vinyl Siding
  • Foundation Details: Block
  • Horse Amenities: None
Interior Features
  • Accessibility Features: No
  • Appliances: Electric Cooktop, Microwave, Refrigerator
  • Basement Description: Unfinished
  • Basement YN: Yes
  • Cooling: None
  • Eating Area: Dining Combo/Kitchen
  • Heating: Forced Air, Natural Gas
  • Interior Features: Attic Access
  • Levels: One
  • Room List: Living Room, Family Room, Kitchen, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Bedroom 6
  • Room and Features: Living Room-Main, Family Room-Main, Kitchen-Main, Primary Bedroom-Main, Bedroom 2-Main, Bedroom 3-Main, Bedroom 4-Main, Bedroom 5-Main, Bedroom 6-Main
  • Main Level Bedrooms: 6
  • Num Bedrooms Upper: 0
  • Num Bedrooms Basement: 0
  • Rooms Basement: 0
Room Information
Room Information
  • Rooms MU: 8
  • Rooms Total MU: 8
  • Total Rooms: 8
Room 1
  • Room Level: Main
  • Room Dimensions: 12x14
  • Room Type: Living Room
Room 2
  • Room Level: Main
  • Room Dimensions: 14x12
  • Room Type: Family Room
Room 3
  • Room Level: Main
  • Room Dimensions: 12x11
  • Room Type: Kitchen
Room 4
  • Room Level: Main
  • Room Dimensions: 12x10
  • Room Type: Primary Bedroom
Room 5
  • Room Level: Main
  • Room Dimensions: 10x10
  • Room Type: Bedroom 2
Room 6
  • Room Level: Main
  • Room Dimensions: 10x10
  • Room Type: Bedroom 3
Room 7
  • Room Level: Main
  • Room Dimensions: 10x10
  • Room Type: Bedroom 4
Room 8
  • Room Level: Main
  • Room Dimensions: 10x10
  • Room Type: Bedroom 5
Room 9
  • Room Level: Main
  • Room Dimensions: 10x10
  • Room Type: Bedroom 6
Bathrooms
  • Bathrooms Full: 2
  • Bathrooms Half: 0
  • Bathrooms Total Count: 2
  • Full Baths Basement: 0
  • Full Baths Main: 2
  • Full Baths MU: 2
  • Full Baths Upper: 0
  • Half Baths Basement: 0
  • Half Baths Main: 0
  • Half Baths MU: 0
  • Half Baths Upper: 0
Bedrooms
  • Beds MU: 6
  • Bedrooms MU: 6
  • Bedrooms Total: 6

Property History for 1241 West 31st Street

DateEvent & SourcePriceAppreciation
Nov 18, 2025

Listed (Active)

MIBORMLS #22073819

$275,000—
Apr 28, 2023

Sold (Public Record)

Public Record #1533505108

$60,000—
DateEvent & SourcePrice
11/18/2025

Listed (Active)

MIBORMLS #22073819

$275,000
04/28/2023

Sold (Public Record)

Public Record #1533505108

$60,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1241 West 31st Street

Taxable ValueLand$14,400Additions$65,200Total$79,600
Tax Record2024$1,889 ($157 / month)
Home Facts
Total Finished SqFt814 SqFtAbove Grade Finished SqFt814 SqFtStories1Lot Size5,009 SqFtStyleMulti-Family Dwelling (2-4)Year Built1930CountyMARIONAPN49-06-22-102-064.000-101

Schools near 1241 West 31st Street

This home is within Indianapolis Public Schools.
Rating
School
Type
Grades
Distance
Lew Wallace School 107
Public - PK to 6
Meredith Nicholson School 96
Public - PK to 6
Carl Wilde School 79
Public - PK to 6
Jonathan Jennings School 109
Public - PK to 6
Rating
School
Distance
Lew Wallace School 107
PublicPK to 6

Meredith Nicholson School 96
PublicPK to 6

Carl Wilde School 79
PublicPK to 6

Jonathan Jennings School 109
PublicPK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1241 West 31st Street, Indianapolis, IN 46208

1241 West 31st Street is a single family home for sale in Indianapolis, IN 46208. This property was listed for sale on November 18, 2025 by No Limit Real Estate, LLC, it's currently listed at $275,000. It has been on the market for a total of 36 days and was last sold on April 28, 2023. This listing's school district is Indianapolis Public Schools. Nearby schools include Lew Wallace School 107, Meredith Nicholson School 96 and Carl Wilde School 79. 1241 West 31st Street is a 6-bed, 2-bath, 3,256 sqft single family home built in 1930.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of No Limit Real Estate, LLC

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 12/24/2025 12:46 AM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.