Listing provided courtesy of eXp Realty, LLCMLS# MBR22031726MLS Provider
  • 402 days on site
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Investor opportunity with solid returns and future growth potential. This income-producing property at 8560 E 38th Street is being sold together with the adjacent parcel at 8554 E 38th Street. The home is currently rented for $1,900 per month, providing immediate and consistent cash flow. A great option for investors seeking a turnkey rental with a stable tenant already in place. The second parcel, 8554 E 38th Street, is a separate lot with its own street access and address, making it an ideal buildable site. This gives the new owner flexibility to develop another home, expand rental holdings, or hold the land for future appreciation. Opportunities to purchase an existing rented property alongside a buildable lot are limited, making this package a valuable long-term investment. The existing home offers comfortable living space, a functional layout, and a well-maintained interior, ensuring continued tenant satisfaction and low vacancy potential. Located near shopping, schools, and major roads, the property benefits from strong rental demand and convenient access to local amenities. This package provides both short-term income and long-term upside-perfect for investors looking to expand their portfolio with minimal effort. Acquire a tenant-occupied property that pays from day one and gain a second parcel ready for future development or resale. All information deemed reliable but not guaranteed. Buyers to verify lot dimensions, zoning, lease details, and development potential.

Source: MIBOR, MLS#: MBR22031726

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  • Property Type
    Residential
  • Lot
    0.79 acres

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Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life in Indianapolis


Schools

School data unavailable,
School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
11/13/2025Source: MIBOR Price Increase
$255,000 19.2%
10/28/2025Source: MIBOR Status Change
Active
10/1/2025Source: MIBOR Status Change
Pending
8/27/2025Source: MIBOR Status Change
Active
8/12/2025Source: MIBOR Status Change
Pending
6/17/2025Source: MIBOR Price Reduction
$214,000 -2.3%
6/10/2025Source: MIBOR Price Reduction
$219,000 -2.7%
5/31/2025Source: MIBOR Price Reduction
$225,000 -1.7%
5/29/2025Source: MIBOR Price Reduction
$229,000 -14.6%
5/13/2025Source: MIBOR Price Reduction
$268,000 -2.5%
5/4/2025Source: MIBOR Price Reduction
$275,000 -3.5%
5/2/2025Source: MIBOR Price Reduction
$285,000 -1.7%
5/1/2025Source: MIBOR Price Reduction
$290,000 -3.3%
4/28/2025Source: MIBOR Price Reduction
$300,000 -4.8%
4/22/2025Source: MIBOR Price Reduction
$315,000 -5.9%
4/19/2025Source: MIBOR Price Reduction
$334,900 -1.2%
4/14/2025Source: MIBOR Price Reduction
$339,000 -3.1%
4/11/2025Source: MIBOR Added to Database
April 11, 2025