Indianapolis IN Multi Family for Sale

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Type:
Duplex
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1959
Baths:
MLS#:
22008905
Subdivision:
D & J Hoeltke Minor Sub

ADDITIONAL INFORMATION

Type:
Duplex
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1921
Baths:
MLS#:
22006424
Subdivision:
Hendricks

ADDITIONAL INFORMATION

This fully renovated luxury duplex is a rare gem, perfectly situated between the vibrant neighborhoods of Bates-Hendricks, Fletcher Place, and Fountain Square. Ideal for a house hacker, long-term investor, or Airbnb host, this property offers exceptional versatility and value. Each spacious unit boasts 3 large bedrooms, 2 bathrooms, and an open-concept living area that flows seamlessly into a sleek, kitchen, designed for both comfort and entertaining. Every inch of this duplex has been meticulously updated with brand-new finishes and stylish touches. Located in one of the most sought-after areas of town, it offers convenience-walk or bike to Eli Lilly, explore nearby downtown hotspots, or hop on the highway within minutes for an effortless commute. Whether you're looking to live in one unit and rent out the other or capitalize on short-term rental opportunities, this property is a true investment goldmine. With cutting-edge renovations and prime location appeal, this duplex presents a unique opportunity to combine modern living with smart financial planning. Schedule your showing today and see why this property is the perfect blend of style, location, and investment potential!

Type:
Duplex
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1920
Baths:
MLS#:
22006325
Subdivision:
Beatys

ADDITIONAL INFORMATION

Discover this solid investment opportunity with this charming Craftsman-style duplex, ideally situated between Garfield Park and Fountain Square-two of Indy's most vibrant neighborhoods. Each unit features 3 bedrooms and 1 bath, offering spacious living areas filled with character. With just modest updates needed, this property provides an excellent chance to add your personal touch and maximize its appeal. Enjoy the convenience of being close to popular restaurants, parks, and scenic trails, making it an attractive location for renters. The area is rapidly developing, bringing a sense of excitement and growth to the community, and ensuring a steady pool of potential tenants eager to move in. This property includes a two-car garage, plus a generous third bay perfect for extra storage or a workshop. The anticipated rental income positions this duplex to deliver positive cash flow, making it a smart addition to any portfolio. To sweeten the deal, the seller is open to offering a generous credit for appliances with reasonable offers. Don't miss out on this opportunity to invest in an up-and-coming area with strong income potential.

Type:
Duplex
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1920
Baths:
MLS#:
22003398
Subdivision:
Hosbrook Prospect

ADDITIONAL INFORMATION

GREAT RENTAL INCOME OPPORTUNITY FOR INVESTORS OR LIVE IN ONE SIDE AND RENT OUT THE OTHER SIDE. Recently updated one story duplex with one tenant in place. This single family home has been converted into two rental units. The one bedroom unit is located in the front of the home and offers a family room with large picture window, updated kitchen with white cabinets, newer countertop, vinyl planking floors, refrigerator and plenty of room for storage plus one bedroom and full bath with skylight and new sink/vanity. The studio unit is located in the back of the home with a separate private entrance. It offers a nice kitchen with refrigerator and plenty of storage, bedroom/family room combo, and full bath with tub. The back yard is tree lined and includes a shed. Make your appointment to see this duplex today!

Type:
Duplex
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1955
Baths:
MLS#:
22001556
Subdivision:
Morris & Mills

ADDITIONAL INFORMATION

Welcome to this meticulously maintained duplex in the dynamic neighborhood of Fountain Square, just a stone's throw from Downtown Indianapolis. Presenting a remarkable opportunity for both savvy investors and those looking to dip their toes into the real estate market while offsetting living expenses. This property has been successfully utilized as both a short-term and mid-term rental, demonstrating a robust history of consistent revenue generation. With its dual-unit configuration, investors can continue to leverage its income-producing potential across different rental markets, enhancing both flexibility and financial returns. It's an deal live-in investment for those considering an owner-occupant approach, this duplex offers an optimal solution. Reside in one unit and rent out the other to help cover mortgage costs, effectively reducing living expenses while building equity in a thriving market. Key Features Include: Contemporary kitchens in each unit, complete with all the modern conveniences needed for a turnkey operation. Generously sized living spaces designed to ensure comfort and appeal in the rental market. Strategic separation between units to ensure privacy and tenant satisfaction. This property is located perfectly for growth and convenience situated minutes from downtown, tenants or homeowners can enjoy easy access to Indianapolis's top attractions, culinary hotspots, and retail options. Fountain Square itself is renowned for its vibrant arts scene and community-centric events, boosting the locale's desirability and rental appeal. Don't miss out on this dual-purpose property, ideal for those aiming to invest in a lively area with proven demand and growth potential. A perfect starter investment or a smart addition to your portfolio, ready to generate income from day one.

Type:
Duplex
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1905
Baths:
MLS#:
22000951
Subdivision:
South Park

ADDITIONAL INFORMATION

This beautifully remodeled 3-bedroom, 2-bath duplex in the sought-after Bates-Hendricks neighborhood offers the perfect blend of comfort and investment potential. Just minutes from downtown Indy and Fountain Square, it's ideal for homeowners and investors alike. Live in one unit and rent out the other to offset your mortgage-one side is already operating as an Airbnb! Or, rent both sides out with all the tenants looking to live in the area. With brand-new electrical, plumbing, appliances, an electric fireplace, and a sleek tiled shower, the home is fully updated and move-in ready. This is a great opportunity to enjoy modern living, while generating passive income.

Type:
Duplex
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1908
Baths:
MLS#:
22000545
Subdivision:
South Park

ADDITIONAL INFORMATION

Welcome to this beautifully renovated 3-bedroom, 2-bathroom duplex located in the vibrant and sought-after Bates-Hendricks neighborhood, just minutes from downtown Indianapolis and the popular Fountain Square district. This charming property offers a fantastic opportunity for homeowners and investors alike, with endless potential as a primary residence, Airbnb, mid-term rental, or short-term rental. Whether you're looking to settle in or generate rental income, this home is move-in ready and versatile. The spacious layout features modern updates throughout while maintaining the character and charm that make homes in Bates-Hendricks so desirable. The updated kitchen boasts shaker cabinetry, butcher block countertops, and stainless steel appliances, making meal preparation a breeze. Each of the three generously sized bedrooms offers comfort and privacy, with ample closet space. Whether you need a peaceful retreat after a long day or a fresh, clean space for guests, this home has it all. Outside, you'll find a low-maintenance yard, perfect for enjoying your morning coffee or evening gatherings. The property is currently unoccupied, making it a seamless transition for new owners or renters. Its prime location offers easy access to the best that Indianapolis has to offer, from the arts and dining of Fountain Square to the cultural and business centers of downtown. This property is a must-see for anyone looking to invest in one of Indianapolis's hottest neighborhoods. With its turnkey condition and prime location, it's a perfect choice for those looking to capitalize on the growing demand for Airbnb, short-term, or mid-term rentals. Don't miss this opportunity to own a piece of Bates-Hendricks-schedule your showing today!

Type:
Duplex
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1929
Baths:
MLS#:
21990300
Subdivision:
Julian Etal Spring Gardens South

ADDITIONAL INFORMATION

INVESTORS check out this cash flowing property. This is a unique opportunity to own 2 single family homes on one lot. Unit 1 is a 2 bedroom/1 bath unit. It has a small shed with fenced backyard. Tenant pays $1200/mo and is responsible for all utilities. Unit 2 sits behind the front house off of the alley and has off street parking and fenced in area as well. It is a 1 bed/1 bath. This tenants pays $975/mo and is responsible for all utilities. . Please do not disturb tenants.

Type:
Duplex
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1910
Baths:
MLS#:
21972083
Subdivision:
Caven & Rockwood

ADDITIONAL INFORMATION

Perfect investment opportunity! 2-unit duplex just blocks away from downtown Fountain Square, shopping, and easy interstate access! Some updates have been done, such as flooring, paint, countertops, faucets, sinks, light fixtures, and much more! Nice sized backyard for a detached garage or shed to be put in. Both Units have separate utility meters except for water and both tenants have given owner back an average usage amount every month. #A has electric and gas (traditional furnace and window AC) and #B is total electric (baseboard heat and window AC). These units are purposely vacant due to seller selling. #A has rented for $1,095 and #B has rented for $795.

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Albert Wright Page, License RB14038157, Xome Inc., License RC51300094, [email protected], 844-400-XOME (9663), 4471 North Billman Estates, Shelbyville, IN 46176

The information is being provided by Metropolitan Indianapolis Board of REALTORS®. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. © 2024 Metropolitan Indianapolis Board of REALTORS®. All Rights Reserved.




Indianapolis Real Estate

The median home value in Indianapolis, IN is $221,900. This is higher than the county median home value of $219,900. The national median home value is $338,100. The average price of homes sold in Indianapolis, IN is $221,900. Approximately 48.52% of Indianapolis homes are owned, compared to 40.53% rented, while 10.95% are vacant. Indianapolis real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Indianapolis real estate agent to arrange a tour today!

Indianapolis, Indiana 46203 has a population of 880,104. Indianapolis 46203 is less family-centric than the surrounding county with 26.06% of the households containing married families with children. The county average for households married with children is 26.96%.

The median household income in Indianapolis, Indiana 46203 is $54,321. The median household income for the surrounding county is $54,601 compared to the national median of $69,021. The median age of people living in Indianapolis 46203 is 34.3 years.

Indianapolis Weather

The average high temperature in July is 84 degrees, with an average low temperature in January of 19.5 degrees. The average rainfall is approximately 42.4 inches per year, with 21.6 inches of snow per year.

Indianapolis Real Estate Market Conditions

  • Median sales price

    N/A
  • # Active listings

    212
    30-day change

Indianapolis Schools and Demographics

Education near Indianapolis, IN

Metric City County
High School Graduates 86.65 86.89
College Degree - 2 year 7.6 7.68
College Degree - 4 year 32.88 32.79
Graduate Degree 8.24 8.17
Expenditures per Student 14,503 14,503
Students per Teacher 17.7 17.7

Elementary Schools near Indianapolis, IN

School Grades Students P/T Ratio ZIP
Brookside School 54 KG - 06 552 12.3 46201
Central Elementary School 02 - 03 468 17.3 46107
Christian Park School 82 KG - 06 411 16.4 46201
Eleanor Skillen School 34 PK - 06 471 17 46203
Frederick Douglass School 19 PK - 08 422 13 46203
Hornet Park Elementary School PK - 01 497 19.9 46107
In Math & Science Academy - South KG - 08 284 20.3 46203
Paramount School of Excellence KG - 08 616 20.5 46201
Paul I Miller School 114 PK - 06 519 14.8 46203
Se Neighborhood School of Excellence KG - 08 483 19.3 46203
Thomas D Gregg School 15 PK - 06 640 14.6 46201
William McKinley School 39 PK - 06 560 17 46203

Middle Schools near Indianapolis, IN

School Grades Students P/T Ratio ZIP
Beech Grove Middle School 07 - 08 481 20 46107
Emma Donnan Middle School 07 - 08 335 11.3 46203
H L Harshman Middle School 07 - 08 587 83.9 46201
South Grove Intermediate School 04 - 06 650 20.3 46107

High Schools near Indianapolis, IN

School Grades Students P/T Ratio ZIP
Arsenal Technical High School 09 - 12 1,831 14 46201
Beech Grove Senior High School 09 - 12 890 16.8 46107
Thomas Carr Howe Comm High School 07 - 12 633 14.6 46201

Ungraded Schools near Indianapolis, IN

School Grades Students P/T Ratio ZIP
Indpls Lighthouse Charter School KG - 12 1,062 15.2 46203

Demographics near Indianapolis, IN 46203

Metric Zip Code City
Neighborhood Type Suburban
Population 880,104 969,542
Population Density 2,434 2,446
Median Age 34.3 34.4
People per Household 2.5 2.5
Median Household Income 54,321 54,601
Average Income per Capita 31,538 31,668