25 S Spencer Avenue

Indianapolis, IN 46219

Welcome to 23-25 Spencer Ave, a classic side-by-side duplex in the heart of Historic Irvington, one of Indy's most treasured neighborhoods known for its tree-lined streets, unique shops, Ellenberger Park, Pleasant Run Golf Course, the Pennsy Trail, and quick 15-minute access to downtown. Each unit mirrors the other with 3 bedrooms, 1.5 baths, and 1,544 sq ft of living space plus a full unfinished basement with laundry hookups, as well as a covered front porch, original hardwood floors, arched doorway with built-ins, and a decorative fireplace that showcase timeless character. The kitchens feature stainless steel appliances and a convenient main-level half bath, while upstairs you'll find more original hardwood flooring and a full bath serving the bedrooms. Both units have their own bay of the detached two-car garage, and all utilities are separately metered and paid by the tenants-minimizing owner expenses. Recent updates include newer HVAC systems (2022 & 2025) and full electrical rewiring (2022). Unit 23 is vacant and ready to show. Unit 25 is leased for $1,200/mo through 2/28/26, providing immediate income with strong upside potential as 3-bedroom market rents in the area are projected around $1,500+. A spacious shared attic presents an additional opportunity for expansion. With one unit recently available, it's also ideal for an owner-occupant looking to house hack in a thriving community that blends historic charm with ongoing revitalization. Rarely does a property offer such a strong mix of stability, cash flow, and growth potential in such a sought-after neighborhood!

Listing courtesy of Keller Williams Indpls Metro N 3174509202



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Based on information submitted to the MLS GRID as of 2025-10-13 11:36 PM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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