Sheldon Barnes
For Sale — 2636 Ethel Avenue, Indianapolis, IN 462082636 Ethel Avenue
Indianapolis, Indiana 46208
Shelbys 1st Sub
$280,000
Schedule a Showing8
Beds
4
Baths
1,379
Sq Ft
1957
Year Built
0.1
Acres
Schedule a tour or ask a question
Sheldon Barnes can help you tour 2636 Ethel Avenue
Sheldon Barnes is a Carmel realtor and licensed real estate agent serving Indianapolis, Indiana and the rest of Hamilton County. Book a private tour of 2636 Ethel Avenue in Shelbys 1st Sub, ask any question about this home, or talk through what you should know about buying in Indianapolis.
ABOUT THIS HOME
$4,950/month in rental income - this rent-by-the-room property is CASH FLOWING. 2636 Ethel Ave is a 9-bed, 4-bath income-producing machine currently rented by the room and generating nearly $60,000/year in gross revenue. Part of a 4-property rent-by-the-room portfolio, this spacious layout features dual kitchens, making it perfectly suited for room-by-room tenant placement. Located in the vibrant Near Northwest corridor just minutes from Long's Bakery, Goose the Market, and the Children's Museum of Indianapolis. If you're looking for a turnkey rent-by-the-room investment with proven income from day one, this is it.
Key things to know
- Dual kitchens for room-by-room rental setup
- Currently generating $4,950/month in rent
- 9 bedrooms, 4 bathrooms
- Near long's bakery and children's museum
Monthly payment
Estimate · $280,000
$1,528/mo
≈ $1,490 principal & interest · $38 tax
Estimate only. Actual payment depends on lender, taxes, insurance, and HOA. Down payment $56,000 on a loan of $224,000.
Price history
- Listedat $280,000
Apr 13, 2026
Want to know anything specific? Ask about updates, finishes, the basement, the yard — I read the listing's photos, MLS data, and remarks and cite what I find.
FEATURES & AMENITIES
Interior
Climate
THE FACTS
Pricing trajectory, room-by-room layout, schools, and what's nearby.
Price history
$280,000Listed· Apr 13, 2026
3 days on market
Layout
Schools
Indianapolis Public Schools
Neighborhood
- Downtown Indianapolis2.6 mi
- Monon Trail (Carmel)10.9 mi
- Carmel Central Park11.1 mi
- Carmel High School11.6 mi
- Zionsville Community HS11.6 mi
- IU Health North Hospital12.0 mi
PROPERTY DETAILS
Combined data from the listing and Hamilton County records
Living Area
1,379 sq ft
Year Built
1957
Stories
One
Subdivision
Shelbys 1st Sub
Bedrooms
8
Bathrooms
4 full
School District
Indianapolis Public Schools