Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1706 Ingram St Indianapolis, IN 46218

    View on Map
    Sponsored
    For Sale
    Pending
    $435,000

    Duplex - Indianapolis, IN

    Type:Duplex
    Lot size:
    0.12 Acres
    Days on Market:
    6
    Last Refresh:
    Mar 9 at 9:06 pm

    Property Features for 1706 Ingram St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Property condition
    New Construction
    Standard status
    Pending
    APN
    490731198092000101
    Lot size
    0.12 Acres

    Building Details

    Year built
    2026
    Number of units
    2
    Architectural style
    Other
    BuilderName
    IPA

    We can help!

    Listing Contact
    Edward Neu

    Edward L Neu DBA Neu Real Estate Group (317) 710-9743

    Listing agent Edward Neu (317) 572-9000 License #RB14039123

    Listing date Mar 3, 2026

    MLS# 22080143 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    New Construction Townhome Duplex

    This new construction duplex is located in one of Indianapolis's fastest-growing corridors for residential and mixed-use development. The property features two units, each with 3 bedrooms and 2 bathrooms. The property is designed for strong cash flow, long-term appreciation, and excellent tax advantages. Situated in the Martindale-Brightwood neighborhood, an area undergoing a visible transformation due to public and private investment, the location offers proximity to the Bottleworks District, Mass Ave, and IU Health's expanding downtown campus. The area is a focus for infill residential development, community revitalization efforts, and scalable investment opportunities. The property is suited for investors seeking long-term upside in emerging urban markets. Strong tenant demand is driven by workforce housing, student housing, and new amenities. Consistent rent growth is projected with a stable expense load. The property offers new construction benefits such as minimal maintenance and modern finishes. It also provides attractive returns in a market with limited new build inventory, along with depreciation and tax benefits. The lot size is 0.12 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.130527
    Latitude
    39.790026

    Nearby Similar for Sale

    • New
      $475,000
      6,644 SF

      East 10th Street Redevelopment Opportunity

      Commercial property in thriving corridor, ideal for redevelopment.
      2828 E 10Th St, Indianapolis, IN 46201
      View Details
    • $875,000
      5,200 SF

      High Visibility Retail Building

      Commercial building in prime Indianapolis location with retail zoning.
      1309 S High School Rd, Indianapolis, IN 46241
      View Details
    • $349,000
      2,054 SF

      Indianapolis Commercial Property For Sale

      Versatile commercial property in prime Indianapolis location.
      104 E 38Th St, Indianapolis, IN 46205
      View Details
    • $695,000
      Pending

      Indianapolis Auto Sales/Service Facility

      Auto sales or service facility near Indianapolis International Airport.
      8930 W Washington St, Indianapolis, IN 46231
      View Details
    • $350,000
      1,872 SF

      Indianapolis Office Space For Sale

      Highly visible office property in Indianapolis' Near Northside neighborhood.
      2421 Central Ave, Indianapolis, IN 46205
      View Details
    • $550,000
      1,680 SF

      Versatile Commercial Building on High-Traffic Corridor

      Freestanding 1,680 SF building on 0.49 acres in Indianapolis.
      6004 S East St, Indianapolis, IN 46227
      View Details
    • New
      $899,900
      9,720 SF

      Two-Building Investment Opportunity

      Two income-producing buildings on one parcel in high-traffic area.
      1915 Southeastern Ave, Indianapolis, IN 46201
      View Details
    • $329,500
      1,755 SF

      Stand-Alone Retail/Office Building For Sale

      Well-maintained commercial building with flexible layout and high visibility.
      4803 W 71St St, Indianapolis, IN 46268
      View Details
    • $790,000
      7,800 SF

      Madison Avenue Commercial Site

      High-visibility commercial site with warehouse and office/storage structures.
      3604 Madison Ave, Indianapolis, IN 46227
      View Details
    • $199,900
      2,000 SF

      Renovated Mixed-Use Property, Indianapolis

      Versatile commercial property with four office spaces and dedicated bathrooms.
      3135 Kentucky Ave, Indianapolis, IN 46221
      View Details
    • $399,000
      2,274 SF

      Freestanding Office Building on Shadeland

      Single-story office building with excellent visibility and accessibility.
      1101 N Shadeland Ave, Indianapolis, IN 46219
      View Details
    • $549,000
      3,008 SF

      Indianapolis Office Space For Sale

      Office space with great visibility, minutes from downtown Indianapolis.
      2226 W Michigan St, Indianapolis, IN 46222
      View Details

    FAQs

    What type of property is this?
    Duplex - Turnkey duplex in Indianapolis's growing corridor with strong cash flow.
    Where is this duplex located?
    The property is located at 1706 Ingram St Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $435,000.
    What are key features of this property?
    This property features: - Turnkey new construction duplex, minimizing maintenance and offering modern finishes.; - Strong cash flow potential with projected gross monthly rent of $3,588.; - Located in Martindale-Brightwood, a rapidly growing Indianapolis neighborhood undergoing revitalization.
    (317) 710-9743
    Request Owner's contact information
    1706 Ingram St Indianapolis, IN 46218
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1706 Ingram St
    Indianapolis, IN 46218
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    1706 Ingram St Indianapolis, IN 46218
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Edward Neu
    Real Estate License ID: RB14039123
    (317) 710-9743 (317) 572-9000 (317) 849-7653
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!