Tenant-Occupied Duplex with
For Sale
$160,000
Pending
1609 S Randolph Street, Indianapolis, IN 46203
MULTI_FAMILY - Ranch - Indianapolis, IN
Lot Size0.10 Acres
Days on Market43
Property Features for 1609 S Randolph Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Subdivision
Hillcrest
Lot features
Access
Elementary school district
Indianapolis Public Schools
Middle school district
Indianapolis Public Schools
High school district
Indianapolis Public Schools
Directions
GPS Friendly
Standard status
Pending
APN
491018158061000101
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
Hillcrest L77
Legal Description
Hillcrest L77
Building Details
Year built
1925
Floors in Building
1
Number of units
2
Building materials
Aluminum Siding
Architectural style
Ranch
Listing Agency:
Triple E Realty, LLC
(317) 210-3637
Listed By:
Edwin Watson
(317) 210-3637
Added: Jun 18
Changed: Jul 24
Last Checked: Jul 30 at 9:06PM
MLS# 22108992
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This fully occupied duplex offers two tenant-occupied units, each with one bedroom and one full bathroom. The property includes a covered porch and a spacious backyard, providing outdoor space for residents.
The home is located at 1609 S Randolph Street in Indianapolis, Indiana, in Marion County. Both sides are currently tenant occupied, supporting immediate rental income.
For prospective investors, the duplex’s straightforward two-unit layout and current occupancy provide a practical option for rental ownership.
The home is located at 1609 S Randolph Street in Indianapolis, Indiana, in Marion County. Both sides are currently tenant occupied, supporting immediate rental income.
For prospective investors, the duplex’s straightforward two-unit layout and current occupancy provide a practical option for rental ownership.
Key Highlights
- Fully occupied duplex with both sides tenant occupied for immediate rental income
- Each unit offers 1 bedroom and 1 full bath
- Ranch‑style duplex built in 1925
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
597
Businesses Nearby
Explore this area
Business Placement
Demographics for 46203, IN
38,224
Population
18,057
Households
2.1
Avg Household Size
34
Median Age
26%
College-Educated
79%
High-School Grad
13.9 sq mi
ZIP Area
2,750
Density / Sq Mi
$55,375
Median Household Income
$40,620
Median Earnings
$1,022
Median Rent
$155,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Fully occupied duplex with two 1-bedroom, 1-bath units and a spacious backyard.
Where is this duplex located?
The property is located at 1609 S Randolph Street Indianapolis, IN.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: Fully occupied duplex with both sides tenant occupied for immediate rental income; Each unit offers 1 bedroom and 1 full bath; Ranch‑style duplex built in 1925
