Experience an exceptional investment opportunity perfectly positioned near downtown Indianapolis, Bates-Hendricks & Fountain Square! This extensively renovated property offers 3 distinct living spaces-a beautifully updated duplex PLUS a separate studio-style carriage-house apartment above a detached 2-car garage-Currently utilized for short-term rentals in 2 of the 3 residences, this versatile property presents exciting possibilities for investors, business travelers, multigenerational living or an owner-occupant looking to offset expenses with rental income-Each spacious duplex residence features 2 bedrooms, BOTH with private ensuite bathrooms & walk-in closets, plus a convenient main-level half bath-Beautifully appointed kitchens showcase quartz countertops & gas stoves, while the bathrooms feature double vanities & custom showers-Inviting living & dining areas, mudrooms, upstairs laundry, finished basement recreation spaces & private balconies provide exceptional comfort & flexibility-The detached carriage-house offers its own open-concept living space with a designated garage space, sleeping area, kitchen & full bathroom-Outdoor spaces include private balconies & Privacy fence, while durable Hardie siding & the detached 2-car garage add even more appeal. Located near Eli Lilly HQ, Lucas Oil Stadium, Gainbridge Fieldhouse & the restaurants, nightlife & entertainment of Fountain Square, this location is ideal for experiencing everything Indianapolis has to offer-1232 & the carriage-house are currently utilized as Airbnb rentals, while 1230 is vacant & available for owner-occupancy or additional rental opportunities-With a good offer, the seller will consider including furnishings & appliances, including washers & dryers in all 3 units-Whether you're seeking a short-term rental investment, long-term rental portfolio addition or a high-end house hack, this property delivers 3 living spaces & impressive renovations & exceptional versatility near the heart of Indy.