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For sale 16 days ago

$169,990

3 bd 1½ ba 1848 sqft

7901 Alexander St, Indianapolis, IN 46259

Residential SFR Occupied Needs Repairs Off MLS

Current Rent **

N/A

Projected Rent **

$1,967

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

🔥 Fixer: 3-Bed Franklin Twnshp! Indianapolis

LINK TO ALL INFO AND PHOTOS: https://www.investbelowmarket.com/property/7901-Alexander-St

7901 Alexander St, Indianapolis, IN 46259
WALKTHROUGH MONDAY, 06/22/26
MUST TEXT 317-751-2308 FOR ACCESS AND TIME

CASH ASKING PRICE
$ 169,990 CASH OR BEST OFFER

AFTER REPAIR VALUE
$ 295,000
The property is located in Franklin Township, which is still part of Indianapolis. Property has a finished attic. It's a quiet neighborhood with strong after-repair values (ARVs) and solid market potential.

RENTAL ESTIMATE
$ 1,967 (Not Currently Rented)
Rent-O-Meter 3-Bed Median

PROPERTY DETAILS
SFH

- Value-Add Opportunity with Cosmetic Updates
- Bed: 3
- Bath: 1.5
- Sqft: 1,848
- Lot Size: 7,000 Sqft
- Built Year: 1925
- Levels: 2-Story
- Attic: Yes
- Basement: Crawl Space
- Garage: 2-Car Detached Garage
- Electrical: 200-Amp Panel
- Current Occupancy: Owner Occupied
- Occupancy at Close: Vacant at Close
- Close of Escrow: 08/08/26
- Best Offer Due By: 06/23/26 12:00 PM
- Non-Refundable Earnest Money Deposit: $5,000

MARKET ACTIVITY
SUBJECT PROPERTY : 7901 Alexander St / 3 Beds / 1.5 Bath / 1,848 Sqft / 2-Car Detached Garage / Built 1925

COMPARABLES / RECENT ACTIVITY

SOLD $375,000 – 11240 E Mcgregor Rd / 4 Bed / 2 Bath / 2,128 Sqft / 2-Car Detached Garage
One additional bedroom
SOLD $299,900 – 11315 House St / 3 Bed / 2 Bath / 1,856 Sqft / 2-Car Detached Garage
SOLD $255,000 – 8148 Gathering Cir / 4 Bed / 2 Bath / 1,800 Sqft / 2-Car Attached Garage
One additional bedroom
SOLD $235,000 – 7727 Huff St / 2 Bed / 1 Bath / 2,121 Sqft / 1-Car Detached Garage
One less bedroom

!! JOIN OUR BUYER LIST: https://www.investbelowmarket.com/ !!

Location:

7901 Alexander St, Indianapolis, IN 46259

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.