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Rare turnkey investment opportunity at 620-622 Brewer Place! This all-brick ranch duplex occupies a premium .22-acre corner lot in a quiet residential area where multi-family inventory is exceptionally scarce. Built in 1965-significantly newer than the area average-the property features two 1-bed/1-bath units (640 sq. ft. each) equipped with central HVAC and durable, low-maintenance ceramic tile flooring. Both units are fully tenant-occupied at $1,000/mo (expires 6/30/26) and $960/mo (1/31/27), offering immediate cash flow with a streamlined utility structure: gas and electric are separately metered, and tenants reimburse for water/sewer. While currently updated and professionally managed by the Wilmoth Group, there is clear upside to further increase equity and rents through light cosmetic refreshments. Located in a proven south-side rental corridor, this property offers strong fundamentals for investors with close proximity to major employment drivers like St. Francis Hospital South and surrounding medical offices, supporting consistent tenant demand. Tenants will also benefit from easy access to the dense retail and dining options along the US-31 corridor, including Greenwood Park Mall, and the revitalizing Old Town Greenwood district. With quick connectivity to I-65 and an approximately 15-20 minute commute to Downtown Indianapolis, this location appeals to a wide tenant base, contributing to stable occupancy and long-term appreciation. Featuring no HOA, an asphalt driveway for ample off-street parking, and walkability to Northeast Park, this is a high-performance addition to any portfolio.

Property Details of 620 Brewer Place

Property Details

Interior Features

Utilities and Appliances

Community

Listed by Peter Stewart of Keller Williams Indpls Metro N (peter@peterstewartrealty.com)

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 Based on information submitted to MIBOR as of May 14, 2026 5:40 PM EDT . All data is obtained from various sources and has not been, and will not be, verified by broker or MIBOR.  All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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