Sold

Zestimate^®

$122,500

1615 E Southport Rd, Indianapolis, IN 46227

3beds

936sqft

Residential, Single Family Residence

Built in 1984

0.28 Acres Lot

$122,500 Zestimate^®

$131/sqft

$1,376 Estimated rent

Home value

$122,500

$116,000 - $129,000

$1,376/mo

Zestimate^® history

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Owner options

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$1,376/mo

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$1,376/mo

Rent Zestimate^®

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$616/mo

Est. payment

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$616/mo

Est. payment

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What's special

Welcome to 1615 Southport Road, a solid investment opportunity offering immediate rental income with a tenant already in place. This property features a practical layout with comfortable living space and a history of rental demand, making it a strong addition to any investment portfolio. The home is currently tenant-occupied, allowing for cash flow from day one. Conveniently located near major roadways, shopping, dining, and everyday amenities, the property offers long-term appeal for tenants and ease of management for owners. Ideal for investors seeking a stabilized asset with minimal upfront work, 1615 Southport Road presents a straightforward opportunity in an accessible and well-connected area. Please do not disturb tenant. Showings by appointment only.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 1
Full bathrooms: 1
Main level bathrooms: 1
Main level bedrooms: 3

Primary bedroom

Level: Main
Area: 154 Square Feet
Dimensions: 14x11

Bedroom 2

Level: Main
Area: 100 Square Feet
Dimensions: 10x10

Bedroom 3

Level: Main
Area: 100 Square Feet
Dimensions: 10x10

Kitchen

Features: Tile-Ceramic
Level: Main
Area: 108 Square Feet
Dimensions: 12x9

Heating

Forced Air, Natural Gas

Cooling

Central Air

Appliances

Included: Electric Oven, Refrigerator, Gas Water Heater

Features

Ceiling Fan(s)
Has basement: No

Interior area

Total structure area: 936
Total interior livable area: 936 sqft

Property

Parking

Total spaces: 4
Parking features: Attached
Attached garage spaces: 4

Features

Levels: One
Stories: 1

Lot

Size: 0.28 Acres

Details

Parcel number: 491518129001000500
Horse amenities: None

Construction

Type & style

Home type: SingleFamily
Architectural style: Ranch
Property subtype: Residential, Single Family Residence

Materials

Aluminum Siding
Foundation: Slab

Condition

New construction: No
Year built: 1984

Utilities & green energy

Water: Public

Community & neighborhood

Location

Region: Indianapolis
Subdivision: No Subdivision

Price history

Date	Event	Price
3/27/2026	Sold	$122,500-5.7%$131/sqft
Source: MIBOR as distributed by MLS GRID #22079394 Report a problem
3/6/2026	Pending sale	$129,900$139/sqft
Source: MIBOR as distributed by MLS GRID #22079394 Report a problem
3/4/2026	Price change	$129,900-3.7%$139/sqft
Source: MIBOR as distributed by MLS GRID #22079394 Report a problem
1/30/2026	Price change	$134,900-3.6%$144/sqft
Source: MIBOR as distributed by MLS GRID #22079394 Report a problem
1/9/2026	Listed for sale	$139,900+47.3%$149/sqft
Source: MIBOR as distributed by MLS GRID #22079394 Report a problem