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    1218 Union St Indianapolis, IN 46225

    For Sale
    $191,900

    Traditional, Duplex - Indianapolis, IN

    Type:Duplex
    Lot size:
    0.07 Acres
    Days on Market:
    16
    Last Refresh:
    Dec 6 at 6:06 pm

    Property Features for 1218 Union St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Active
    Rooms
    Basement
    APN
    491113146072000101
    Parking features
    On Street
    Exterior features
    Fencing
    Fencing
    Fenced
    Basement Y/N
    1
    Lot size
    0.07 Acres

    Utilities

    Cooling system
    Multi Units, Window Unit(s)

    Building Details

    Year built
    1940
    Number of units
    2
    Building materials
    Vinyl Siding
    Roof type
    Asphalt
    Architectural style
    New Traditional

    Highgarden Real Estate (317) 280-4663 [email protected]

    Listing agent Leyton Wellbaum (317) 205-4320 License #RB14048234

    Listing date Nov 21, 2025

    MLS# 22067339 Listing URL

    Copyright © 2025 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Indianapolis Duplex Near Downtown

    This 7-bedroom, 4-bath duplex in Indianapolis' Old Southside offers an investment or house hacking opportunity. The property is less than a mile from Lucas Oil Stadium, a half mile from Eli Lilly's corporate offices, and one mile from the Indiana Convention Center. It is also located minutes from White River Gardens Concert Venue, IU Health and Riley Hospital, Eskenazi Hospital, and I-70. The Indianapolis International Airport is 15 minutes away. The home features a flexible layout with 3 bedrooms and 2 baths downstairs and 4 bedrooms and 2 baths upstairs, along with two kitchens and two laundry areas. It is suitable for co-living, Airbnb, or creating separate rentable spaces. Major system updates include a new central air system, two water heaters, and a heat pump, all installed in 2020. Newly insulated exterior walls, fresh paint, and new flooring were completed in 2022. The property is classified as 419 "Other Com Housing" in public records. The lot size is 0.07 acres. All furniture stays with the home, and the property is being sold as-is, fully furnished. It's currently caretaker-occupied with no lease in place.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.157745
    Latitude
    39.751264

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    FAQs

    What type of property is this?
    Duplex - 7-bedroom, 4-bath duplex near downtown Indianapolis.
    Where is this duplex located?
    The property is located at 1218 Union St Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $191,900.
    What are key features of this property?
    This property features: - High Income Potential: Perfect for Airbnb or co-living, potential winter rates from $36-$187 per night.; - Prime Location: Less than a mile from Lucas Oil Stadium, half a mile from Eli Lilly.; - Flexible Layout: Features 7 bedrooms, 4 baths, 2 kitchens, and 2 laundry areas.
    (317) 205-4320
    Request Owner's contact information
    1218 Union St Indianapolis, IN 46225
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    Indianapolis, IN 46225
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1218 Union St Indianapolis, IN 46225
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