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    1738 W Morris St Indianapolis, IN 46221

    For Sale
    $260,000

    Duplex - Indianapolis, IN

    Type:Duplex
    Lot size:
    0.14 Acres
    Days on Market:
    59
    Last Refresh:
    Dec 6 at 7:06 pm

    Property Features for 1738 W Morris St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Active
    Security features
    Smoke Detector(s)
    Rooms
    Basement
    APN
    491110111022000101
    Exterior features
    Corner Lot, Fencing
    Fencing
    Fenced
    Basement Y/N
    1
    Lot size
    0.14 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Multi Units, Window Unit(s)

    Building Details

    Year built
    1900
    Number of units
    2
    Building materials
    Brick
    Roof type
    Asphalt
    Architectural style
    Other

    eXp Realty (888) 611-3912 [email protected]

    Listing agent Gail Watts (317) 524-0241 License #RB14043906

    Listing date Oct 9, 2025

    MLS# 22066823 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 with Rental Potential

    This updated duplex in Indianapolis presents multiple opportunities, suitable for owner-occupancy with rental income, long-term rentals, or short-term rentals. The units are mirror images of each other, with some differences. Unit 1738 features enclosed front and back porches, while unit 1740 has storage under the stairs, with unit 1738 having a niche in that area. The kitchens are configured differently. There is an option to open doors between the units to create a pass-through connection. All appliances, including washers and dryers, are included on both sides. The detached garage is currently used for storage. The property is currently used as a short-term rental, generating $36,000 in revenue in 2024, with significant income potential during events like the race in May and Gencon in August. The property benefits from its proximity to downtown. Recent updates include a new roof installed this year, as well as new windows, insulation, and flooring. The lot size is 0.14 acres. Furnishings are negotiable.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.19112
    Latitude
    39.751393

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    FAQs

    What type of property is this?
    Duplex - Updated duplex ideal for rental income or owner-occupancy near downtown.
    Where is this duplex located?
    The property is located at 1738 W Morris St Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $260,000.
    What are key features of this property?
    This property features: - New roof installed this year.; - Duplex offers multiple income possibilities: live in one unit and rent the other, rent both long-term, or use as a short-term rental.; - Currently operating as a short-term rental with $36K revenue in 2024.
    (317) 524-0241
    Request Owner's contact information
    1738 W Morris St Indianapolis, IN 46221
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    Indianapolis, IN 46221
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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
    1738 W Morris St Indianapolis, IN 46221
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