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620 Brewer Place Greenwood, IN $ 239,900
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$ 239,900 Get more info
620 Brewer Place
$ 239,900
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620 Brewer Place

Greenwood, IN, 46142
$ 239,900
Baths0.0

Monthly Estimate*

$ 1,477

620 Brewer Place, Greenwood, IN 46142 - Image 1
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Studio

Multi-Family Home for sale in Greenwood, IN

for $239,900. This home was built in 1965 on a lot size of 0.22.

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.

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Multi-Family Active

Price

$ 239,900

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 1,950

Style

Duplex

Lot Size

0.22

Year Built

1965

Town/City

Greenwood

County/Region

Johnson

MLS | Web ID

22097398
Features
General
Heating Forced Air
Cooling Central Air
Possession Subject to Tenant Rights
Roof Asphalt
Construction Materials Brick
Year Built 1965
Tenant Pays All Utilities
Township Pleasant
Levels One
Property Subtype Duplex
Tax Year 2025
Current Use Apt<20
County Johnson
New Construction N
Property Type Residential Income
Subdivision Name Longden
Status Active
Directions GPS Friendly
City Greenwood
High School District Greenwood Community Sch Corp
Number Of Units Total 2
MLS Area 4102 - Johnson - Pleasant
Lot Size Square Feet 9670
Current Financing Conventional
Additional Parcels Y/N N
Structure Type Duplex
Standard Status Active
Tax Lot Pt
Legal Description Longdens 2nd Add Lot Pt 35
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Exterior
Parking Features Asphalt
Lot Features Corner Lot
Foundation Details Crawl Space
Lot Size Acres 0.22
Waterfront Y/N N
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Interior
Basement (Y/N) N
Laundry Features No Laundry Facil.
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* Excluded Features
List By
Keller Williams Indpls Metro N

Broker

peter@peterstewartrealty.com

Email

Affordability Calculator

$1,640
Per Month
90%
10%
0%
Monthly Principal & Interest
$1,477
Monthly Property Taxes
$163
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4045014 Elementary School
4044983 Middle School
Unknown High School High School
See complete school information
Pricing History
Date Price Price Change Description
4/29/2026 $239,900 Listed Price

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620 Brewer Place, Greenwood, IN, 46142 is a Multi-Family Home for sale at $239,900 with a lot size of 0.22. 620 Brewer Place is a studio with 0.0 baths and was built in 1965. The property's zip code is 46142 which is in Greenwood, IN

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