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About This Home

An exceptional investment opportunity awaits with this fully updated duplex located in the heart of downtown. Nearly every major component has been thoughtfully improved within the last two years, offering peace of mind and long-term value. Updates include new windows, fully renovated kitchens and bathrooms on both sides, new flooring throughout, fresh interior paint, and separate full HVAC systems for each unit. The electrical system has been upgraded, select plumbing has been replaced, and new exterior concrete work enhances both functionality and curb appeal. According to the seller, market rent for the area is approximately $800 per unit, making this property an attractive income-producing asset. With its prime location and extensive updates already completed, this duplex presents a rare opportunity for investors seeking a turn-key property. Schedule your showing today and discover the potential this downtown duplex has to offer.

Getting Around

Car-Dependent

Some Transit

Bikeable

Schools

3/10

James Russell Lowell School 51Grades PK-50.6 mi

3/10

H.L. Harshman Magnet Middle SchoolGrades 6-81.4 mi

1/10

Arsenal Technical High SchoolGrades 9-121.7 mi

Construction

Condition

Property condition: Fixer
Year built: 1924

Materials

Foundation: Block

Type & Style

Home type: MultiFamily
Architectural style: Ranch,Other
Property subType: Multi Family,Duplex

Interior

Basement

Has basement: Yes

Bedrooms & Bathrooms

Bedrooms: 2
Bathrooms: 2
Main level bathrooms: 2

Property

Details

Parcel number: 490732194031000101

Features

Levels: One
Stories: 1

Lot

Lot size: 5,227 sqft
Features: Access

Parking

Total spaces: 1
Parking features: Detached
Attached garage spaces: 1
Covered spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

Cold WaveModerate
Heat WaveModerate
Strong WindModerate
TornadoModerate

How This Home’s Risks Compare

FEMA Declared Disasters Across Indiana Counties

Flood

Snowstorm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

	Monthly	Annual
Mortgage	$757	$9,084
Home Insurance *	$190	$2,280
Property Taxes	$156	$1,872
Electricity	$184	$2,212
Total	$1,287	$15,444

*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

30% on housingRecommended$51,480/yr

35% on housing$44,125/yr

40% on housing$38,610/yr

45% on housing$34,320/yr

Indiana FAIR Plan Programs

Indiana Basic Property Insurance Underwriting Association

Covered

Wildfire

Add-on available

Hail

Wind

Visit Website →

Current Policies

Residential: 810Commercial: 30

Total Premiums$1.77M

Total Exposure$1.82M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 10.6%

10.6%

0%30.0%

Electricity Growth Rate10-year average: 6.1%

6.1%

0%15.0%

Property Taxes Growth Rate2-year average: 2.3%

2.3%

0%15.0%

Income Spent on Housing

30%

30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 46218$77

Marion County$125

vs Homes Sold Last Month

Median $/sqft