57 N Kealing Ave, Indianapolis, IN, 46201
About This Home
Fully remodeled duplex offering flexibility and strong investment potential! This unique property is classified as two separate condos, allowing the option to sell units individually or hold as a full duplex for rental income. Each side features an identical floor plan with 3 bedrooms and 1 full bath, updated with modern finishes while maintaining classic character. Bright living and dining spaces provide an open feel with updated flooring, neutral paint, and great natural light. Kitchens are clean and functional with updated cabinetry and fixtures, making both units move-in ready. Perfect opportunity for owner-occupants-live in one unit and rent out the other to offset your mortgage-or for investors seeking a turnkey addition to their portfolio. One side is currently rented for $1600, offering immediate income (tenant rights apply). Whether you're looking to generate cash flow, build equity, or take advantage of the ability to sell units separately in the future, this property offers multiple paths to value. A rare find combining flexibility, updates, and income potential!
Getting Around
Somewhat Walkable
Some Transit
BikeableSchools
Construction
Condition
- Property condition: Updated/Remodeled
- Year built: 1920
Materials
- Foundation: Block
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family,Duplex
Interior
Appliances
- Laundry features: Main Level
Basement
- Has basement: Yes
- Basement: Storage Space,Unfinished
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 1
Heating & Cooling
- Heating features: Forced Air,Natural Gas
- Cooling features: Central Air
Property
Details
- Parcel number: 491005133067000101
- Attached to another structure: Yes
- Special condition: Defects/None Noted
Features
- Levels: Two
- Stories: 2
Parking
- Parking features: On Street
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 Wave
- Heat Wave
- Tornado
How This Home’s Risks Compare
FEMA Declared Disasters Across Indiana Counties
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 | $1,668 | $20,016 |
| Home Insurance * | $327 | $3,924 |
| Property Taxes | $595 | $7,140 |
| Electricity | $184 | $2,212 |
| Total | $2,774 | $33,288 |
Income You'd Need if You Spent...
Indiana FAIR Plan Programs
Indiana Basic Property Insurance Underwriting Association
Wildfire
Hail
WindHow 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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-01 | Price change | $359,900 |
| 2026-04-15 | Price change | $364,900 |
| 2026-03-25 | Listed for sale | $369,000 |
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