5430 Rockville Rd - 3 Units - Indy Westside! House-Hack + ADU 3 Unit Apartment Building Offered at $250,796 CAD at a 14% Cap Rate Indianapolis, IN 46224

SFR + Detached ADU + Basement Conversion Potential | 3–4 Beds / 2 Baths | 27,443 SF Corner Lot | Vacant
Value-add Indianapolis investment opportunity with multiple income streams and potential for 2–3 rentable living spaces. The property includes a main residence, detached ADU/garage structure with electric and water already run, and a full unfinished basement with exterior access that may support future apartment conversion.
The main house is positioned for approximately $2,200–$2,800/month, with an additional $1,000–$1,500/month potential from the detached ADU and $800–$1,200/month from a stabilized basement unit. Combined projected income is approximately $4,000–$6,000+/month, or $48,000–$72,000+ annual gross income. Estimated NOI potential is approximately $33,600–$46,800+ annually.
The property requires approximately $25,000–$45,000 in light rehab, primarily paint, LVP flooring, trim, lighting, kitchen/bath refreshes, deck repairs, curb appeal improvements, and mechanical checks. The large corner lot, mature trees, existing detached structures, and utility infrastructure create substantial flexibility for repositioning.
Investment Highlights: Strong candidate for BRRRR, house hacking, value-add rental, workforce housing, long-term hold, corporate housing, Section 8, ADU conversion, basement conversion, or rent-by-room strategies. The layout may support a 6–8+ room RBR configuration with projected income of approximately $3,500–$5,500+/month. Additional upside may exist through utility reimbursement, laundry income, storage, and parking.
Located along the Rockville Road corridor in Indianapolis, the property offers convenient access to employment, transit, and neighborhood amenities while serving an affordable workforce-housing rental market. The combination of a large lot, multiple structures, vacant delivery, and several independent income strategies makes this a compelling scattered-site rental, high-yield value-add, forced-appreciation, and portfolio expansion opportunity for private investors, family offices, syndicators, and institutional buyers.
Value-Add Investment, Indianapolis Rental Property, Multifamily Conversion, ADU Investment, House Hack, BRRRR Property, Workforce Housing, High-Yield Rental, Cash Flow Property, Scattered-Site Rental, Forced Appreciation, Income-Producing Property, Corporate Housing, Section 8, Rent-by-Room, Portfolio Expansion, 1031 Exchange.