# 717 S Randolph Street, Indianapolis, IN 46203

> **TL;DR:** multi-family, $450,000, built 1920. Est. $1,950/mo. Listed 106 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $450,000 |
| Year Built | 1920 |
| Lot Size | 3,049 sqft (0.07 acres) |
| Property Type | Multi-Family (Duplex) |
| Status | For Sale |
| Days on Market | 106 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,950 |
| **Total** | **$1,950** |

## Property Highlights

- Built in 1920
- 0.07 acre lot

## Description

### Agent Description
Great investment opportunity to own a renovated duplex on the east side of the desirable Fountain Square neighborhood. Located less than a mile from the center of Fountain Square's vibrant area with popular restaurants, cafes, and local shopping. Completely renovated a few years back, each side of the duplex is a 2-story townhouse with 2 bedrooms and 2 full bathrooms and provides ideal separation between living and sleeping areas. Currently operating as high-performing mid-term furnished rentals and corporate housing (1 to 6 month stays) with high ROI, this property presents a turnkey investment opportunity with strong income potential. Higher income potential if operated as short-term rentals. Preference is to sell this duplex as a package with other properties also operating as mid-term furnished rentals (15 units in total) with the others being: 5724 Julian Ave (six 1br/1ba units), 1305 Ringgold (duplex with 3br/3.5ba townhouses), 1525 Kennington (duplex with 3br/2ba townhouses) and 1529 Kennington (2br/1ba SFH) - a total of 15 units producing high revenues.

## Location

- **Address:** 717 S Randolph Street, Indianapolis, IN 46203
- **County:** Marion
- **Neighborhood:** Caven & Rockwood
- **Coordinates:** 39.757333, -86.12819
- **Google Maps:** https://www.google.com/maps?q=39.757333,-86.12819

## Listing Agent

- **Name:** Lisa Phillips
- **Brokerage:** Compass Indiana, LLC
- **Phone:** 3172199277
- **Email:** lisa.phillips@compass.com

## Primary Photo

![717 S Randolph Street - Primary Photo](http://lh.rdcpix.com/7df9d2620a5dc1990596a06e385795e9l-f2443997979r.jpg)

*9 total photos available on [listing page](https://www.propertysimple.com/listing/717-s-randolph-street-indianapolis-in-46203-22077873)*

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**MLS#:** 22077873 | **Updated:** 2026-04-24
**Source:** listhub

*Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/717-s-randolph-street-indianapolis-in-46203-22077873)

---

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