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    The Largest CRE Database in the US with Over 1 Million Listings

    1931 N Oxford St Indianapolis, IN 46218

    Sponsored
    For Sale
    $135,000

    Traditional, Duplex - Indianapolis, IN

    Type:Duplex
    Property size:
    1,232 SF
    Lot size:
    0.14 Acres
    Days on Market:
    6
    Last Refresh:
    Feb 4 at 3:06 pm

    Property Features for 1931 N Oxford St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Active
    Security features
    Smoke Detector(s)
    Zoning
    D5
    Rooms
    Basement
    APN
    490732194022000101
    Basement Y/N
    1
    Size
    1,232 SF
    Lot size
    0.14 Acres

    Utilities

    Heating system
    Baseboard

    Building Details

    Year built
    1926
    Number of units
    2
    Building materials
    Brick
    Roof type
    Asphalt
    Architectural style
    New Traditional

    We can help!

    Listing Contact
    Peter Stewart
    Peter Stewart

    Keller Williams Indianapolis Metro North (317) 846-6300

    Listing agent Peter Stewart (317) 846-6300 License #RB15000083

    Listing date Jan 30, 2026

    MLS# 22079729 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

    Indianapolis Duplex in Revitalizing Area

    Located on the near eastside of Indianapolis, this duplex is positioned less than five minutes from Downtown in a rapidly improving area and within walking distance of Brookside Park. The property features two mirror-image units, each offering 1 bedroom, 1 bathroom, and 616 square feet of living space. One unit is currently occupied at $800 per month with a lease in place through 4/30/26. In addition to rent, the tenant pays $65 per month toward water, a $50 monthly pet fee, and a $25 monthly alarm fee. The second unit is vacant, providing an immediate opportunity for an owner-occupant or to lease at market rent. The property has seen numerous updates over the years, including insulated vinyl siding, replacement windows, updated interior paint, remodeled bathrooms, PEX plumbing, electric baseboard heating, electric water heaters, and updated flooring. Living rooms and bedrooms feature attractive hardwood floors, while the remaining areas offer durable LVP and linoleum. Each unit includes its own unfinished basement with laundry hookups and ample storage. Electric is separately metered, and water/sewer is shared but reimbursed by tenants via a flat monthly fee. Outside, enjoy a large backyard with gravel parking accommodating multiple vehicles. The lot size is 0.14 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center 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
    -86.114017
    Latitude
    39.793329

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    FAQs

    What type of property is this?
    Duplex - Duplex near downtown Indianapolis with immediate income potential.
    Where is this duplex located?
    The property is located at 1931 N Oxford St Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $135,000.
    What are key features of this property?
    This property features: - Excellent investment opportunity in a rapidly improving area near Downtown Indianapolis.; - Duplex with one unit currently rented at $800/month through 4/30/26, plus additional fees for water, pets, and alarm, providing immediate income.; - Vacant unit allows for immediate owner-occupancy or market-rate rental income.
    (317) 846-6300
    Request Owner's contact information
    1931 N Oxford St Indianapolis, IN 46218
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    Indianapolis, IN 46218
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    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
    1931 N Oxford St Indianapolis, IN 46218
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    We can help!
    Listing Contact
    Peter Stewart
    Peter Stewart
    Real Estate License ID: RB15000083
    (317) 846-6300
    Learn more
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