It depends on what type of investor you are... If you are looking to pick up a couple houses for rental purposes for the short-term, I would look in other areas.
If you are a "Monopoly Player," it would be a good area to look at. It is close to IUPUI, which is growing, and has a lack of affordable and safe rentals nearby. It is near the zoo, NCAA Hall of Champions, White River Park, etc. So there is a lot of potential in that area if someone wants to build up the neighborhood.
Avery Garrett, Realtor
Coldwell Banker Kaiser