Listed with Deborah Tomaro, Deb Tomaro Real Estate, deb.tomaro@homefinder.org

Price $224,900
Status Active
Beds 3
Baths 2 Baths
Home size 1,721 sqft
Lot Size 19,167 sqft
Days on Market 19
Lower your living costs while building wealth. Let your property work for you! This is a duplex. One of both of the units could be available for owner occupancy Why rent when your tenant can help pay the mortgage? Both units are currently leased and generating over $1,700 per month, offering immediate income with built-in flexibility for future plans. Whether you're seeking a house-hack, multi-generational living setup, short-term rental strategy, BRRRR investment, or a straightforward income property, this one checks the boxes. Located approximately 15 minutes from Memorial Stadium, the potential for short-term rental income is especially compelling "” imagine football weekend demand. Situated on two parcels totaling just over 0.4 acres, the property offers both stability and upside. The duplex features long-term tenants (since 2019 and 2020) with current rents of $920 for the spacious two-bedroom plus office unit and $850 for the one-bedroom unit, leaving room for future rent adjustments toward market rates. The larger unit's office could easily convert into a third bedroom, and the basement "” complete with egress windows "” presents intriguing possibilities for additional living space, storage income, or other creative uses (subject to local regulations). Professionally managed and well maintained, with tenants covering most utilities. Current leases extend through April and June 2026, providing dependable income from day one. Ellettsville continues to see strong rental demand as west-side employers expand. See floorplan in photos for layout and room sizes. With owner occupancy and a homestead exemption in place, property taxes could be significantly reduced "” making this duplex an exceptional opportunity for value-conscious buyers.
Property Type(s): Single Family
Last Updated 2/16/2026 Tract None
Year Built 1948 County Monroe

SCHOOLS

School District Richland-Bean Blossom Community
Elementary School Edgewood
Jr. High School Edgewood
High School Edgewood

Additional Details

AIR Central Air
AIR CONDITIONING Yes
BASEMENT Full, Yes
HEAT Natural Gas
LOT 0.44 acre(s)
LOT DESCRIPTION Level
LOT DIMENSIONS 0x0
PARKING Off Street
SEWER Public Sewer
STYLE Other
SUBDIVISION None
TAXES 3650
WATER Public
Listed with Deborah Tomaro, Deb Tomaro Real Estate, deb.tomaro@homefinder.org
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Indiana Regional MLS®. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
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Last Updated On: 3/7/26 11:47 AM PST
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This IDX solution is (c) Diverse Solutions 2026.

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