121 Herman St

Don't miss this chance to own a proven short-term rental property in the highly desirable Holy Cross neighborhood, just east of downtown Indianapolis.

121 Herman Street – Offered at $600,000

This charming property sits on a double lot and features stunning skyline views, high guest appeal, and strong financial performance — historically generating over $94,000/year in combined income from two separate units in one tax lot.

With the bookings that have already happened in 2025 and the upcoming bookings, this property has done over $63,000 and we have 6 more months to go. It's possible to see this thing pulling in 6 figures this year.

Main House
3 Bedrooms | 1.5 Baths
Spacious living room and updated eat-in kitchen
Large private backyard with hot tub and fire pit -- a guest favorite year round
Carriage House Apartment
1 Bedroom | 1 Bath
Beautifully updated kitchen
Murphy Bed
Rooftop porch with swing and elevated privacy
Ideal for couples or solo travelers

With two fully functional rental units on one property, this is an excellent opportunity for both seasoned investors and owner-occupants looking to offset their mortgage. The double lot offers enhanced outdoor amenities, and the location speaks for itself — near to downtown attractions, tucked into one of Indy's best neighborhoods.