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1731 S Drexel AVE Indianapolis, IN 46203
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Key Details
Sold Price $157,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,008 sqft
Price per Sqft $155
Subdivision Roundtree Park
MLS Listing ID 22101414
Sold Date 07/01/26
Bedrooms 3
Full Baths 1
Half Baths 1
HOA Y/N No
Year Built 1965
Tax Year 2024
Lot Size 4,791 Sqft
Acres 0.11
Property Sub-Type Single Family Residence
Property Description
1731 S Drexel Ave offers a move-in-ready opportunity for both owner-occupants and investors in a quiet residential neighborhood less than 5 miles southeast of downtown Indianapolis. This single-level ranch features 3 bedrooms, 1.5 baths, 1,008 sq ft, an attached 1-car garage, and a flat corner lot with a storage shed for added convenience. Recent updates include fresh interior paint, beautifully refinished hardwood floors in the living room, hallway, and bedrooms, professional deep cleaning including the windows, exterior trim painting, and more. The home offers a practical, efficient layout with a light-filled living room, dedicated dining area, galley-style kitchen with white cabinetry, new stainless steel gas stove, refrigerator, and dishwasher. The primary bedroom connects to the laundry area and half bath, creating a functional en-suite setup, while the full bath is easily accessible from the bedroom hallway. Central heat and air conditioning add everyday comfort. For owner-occupants, this is an affordable, move-in-ready home ideal for first-time buyers or those seeking easy single-level living. For investors, it is a turnkey rental with strong rent potential-Rentometer shows average area rent around $1,579, nearly achieving the coveted 1% rule-with additional upside through cosmetic kitchen/bath updates and exterior improvements such as fully enclosing the side and backyard. No HOA!
Location
State IN
County Marion
Rooms
Main Level Bedrooms 3
Kitchen Kitchen Galley, Kitchen Some Updates
Interior
Interior Features Attic Pull Down Stairs, Paddle Fan, Hardwood Floors
Heating Forced Air, Natural Gas
Cooling Central Air
Fireplace Y
Appliance Disposal, Gas Water Heater, Gas Oven, Refrigerator
Exterior
Exterior Feature Fire Pit, Storage Shed
Garage Spaces 1.0
View Y/N false
Water Access Desc Public
Building
Story One
Foundation Block
Water Public
Architectural Style Ranch
Structure Type Aluminum Siding,Stone
New Construction false
Schools
School District Indianapolis Public Schools
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