Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    19-21 Hendricks Pl Indianapolis, IN 46201

    Pending
    For Sale
    $399,900

    Multi-Family 5+, Traditional - Indianapolis, IN

    Property size:
    2,314 SF
    Lot size:
    0.10 Acres
    Days on Market:
    47
    Last Refresh:
    Dec 14 at 3:06 am

    Property Features for 19-21 Hendricks Pl

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    D8
    Rooms
    Basement
    APN
    491006147016000101
    Exterior features
    Corner Lot
    Basement Y/N
    1
    Size
    2,314 SF
    Lot size
    0.10 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Multi Units, Wall Unit(s)

    Building Details

    Year built
    1890
    Number of units
    7
    Roof type
    Asphalt, Shingle
    Architectural style
    New Traditional

    CENTURY 21 Scheetz (317) 844-5111 [email protected]

    Listing agent Mark Harris (317) 844-5111 License #RB14045088

    Listing date Oct 29, 2025

    MLS# 22017073 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 Multi-Family Income Property

    This income-generating property features seven studio/efficiency units. Located in Indianapolis, Indiana, the property consists of two buildings, one with four units (#19) and the other with three units (#21). All units have been recently renovated and upfit for selling/renting, with each unit including a kitchen, bedroom, closet, and bath. The property offers the potential to receive $6,300 total in rent each month. A large, unused attic space presents the possibility of adding two additional units. Parking is available in the back of the property and on the street. The owner is responsible for all utilities, including gas, water, and electric. The property is zoned D8. Measuring 2,314 square feet, the property sits on a lot of approximately 0.1 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.126299
    Latitude
    39.768162

    Nearby Similar for Sale

    • New
      $1,300,000
      13,400 SF

      Indianapolis Multi-Family Investment Opportunity

      17-unit rental portfolio near I-465 with diverse unit types.
      3805 Biscayne Rd, Indianapolis, IN 46226
      View Details
    • $449,900
      Pending

      Turnkey Duplex in Downtown Indianapolis

      Luxury duplex with modern finishes and strong rental income.
      1036 N Parker Ave, Indianapolis, IN 46201
      View Details
    • $749,800
      0.26 Acres

      New Construction Duplex in Indianapolis

      Modern duplex near Monon, ideal for investors or owner-occupants.
      2051-2053 Columbia Ave, Indianapolis, IN 46202
      View Details
    • $425,000
      2,156 SF

      Indianapolis Mixed-Use Property with Daycare

      Two-bedroom home with daycare business opportunity on a large lot.
      839 S Lynhurst Dr, Indianapolis, IN 46241
      View Details
    • $205,000
      0.14 Acres

      Indianapolis Duplex Near Eastside

      3-bedroom, 1-bath duplex near downtown Indianapolis.
      1018 N Tuxedo St, Indianapolis, IN 46201
      View Details
    • $375,000
      0.13 Acres

      Updated Duplex Near Monon Trail

      Renovated duplex near Monon Trail, ideal for investors.
      2321 Guilford Ave, Indianapolis, IN 46205
      View Details

    FAQs

    What type of property is this?
    Apartment building - Income-generating property with seven renovated units and potential for expansion.
    Where is this apartment building located?
    The property is located at 19-21 Hendricks Pl Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $399,900.
    What are key features of this property?
    This property features: - High income potential with **$6,300 potential monthly rental income**.; - Seven recently renovated studio/efficiency units, each with kitchen, bedroom, closet, and bath.; - Significant cash flow from existing rental units.
    (317) 844-5111
    Request Owner's contact information
    19-21 Hendricks Pl Indianapolis, IN 46201
    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.
    19-21 Hendricks Pl
    Indianapolis, IN 46201
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    19-21 Hendricks Pl Indianapolis, IN 46201
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.