1706 Ingram St
Multifamily | 2 Units | $217,500/unit
Marketing description
Located in the heart of Martindale-Brightwood, 1706 Ingram Street offers investors a rare opportunity to secure a stabilized duplex in one of Indianapolis’ fastest-revitalizing urban corridors. Just minutes from the Bottleworks District, Mass Ave, and IU Health’s expanding $4.3B downtown medical campus, this location offers strong fundamentals with room to grow.
Martindale-Brightwood is benefitting from a wave of public infrastructure investment, affordable housing incentives, and private infill development. Investors in this neighborhood gain access to workforce housing demand, limited rental inventory, and competitive pricing compared to nearby submarkets like Windsor Park and Kennedy-King.
With strong tenant anchors, proximity to job centers, and a below-market entry point, 1706 Ingram St positions investors at the forefront of neighborhood transformation—ideal for both long-term appreciation and immediate cash flow.
Investment highlights
📍 Investment Highlights – 1706 Ingram St, Indianapolis, IN
💰 Strong Cash Flow: Year 1 projected cash flow of $13,451.97 with consistent growth across the 10-year hold period.
📈 High ROI Potential: Return on investment grows from 48.42% in Year 1 to over 131.92% by Year 10.
🧮 Attractive Debt Coverage: Debt coverage ratio improves from 1.68 to 1.89, indicating strong income relative to debt service.
🔑 Low Vacancy Assumptions: Conservative 5% vacancy rate supports stable rental performance.
🏘️ Desirable Unit Mix: Two spacious units—each 3 beds / 2 baths—generating $3,586/month total gross rent.
📍 Emerging Neighborhood: Located in Martindale-Brightwood—an area seeing significant public investment, redevelopment, and rising tenant demand.
🏗️ Urban Infill Opportunity: Proximity to downtown, Mass Ave, Bottleworks, and the IU Health $4.3B medical expansion fuels future growth.
💼 Ideal for Long-Term Hold: Cash flow + appreciation model with steady increases in both rent and market value (projected value: $584K+ in Year 10).
🏡 Turnkey Asset: Stabilized duplex in a high-demand rental market—ready to generate returns from day one.
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