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    Modern Duplex with Separate Utilities Title is generated by Realmo AI

    2030 E Maryland Street, Indianapolis, IN 46201

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    Claim this Listing
    For Sale
    $420,000

    MULTI_FAMILY - Craftsman - Indianapolis, IN

    Property size:
    2,500 SF
    Lot size:
    0.28 Acres
    Price / SF:
    $168/SF
    Added:
    May 11, 2026
    Days on Market:
    35
    Last Refresh:
    Jun 14 at 9:06 am

    Property Features for 2030 E Maryland Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking features
    Alley
    Standard status
    Active
    APN
    491007196074000101
    Lot size
    0.28 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    Parkside Add L29 Thru L31

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    2025
    Floors in Building
    2
    Number of units
    2
    Architectural style
    Craftsman

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    Listing Contact
    Lidia Casimiro Murrieta

    Listing agent Lidia Casimiro Murrieta License #RB23001607

    Listing office Keller Williams Indy Metro NE River Rd Ste 200 8555, Indianapolis, IN

    Listing date May 11, 2026

    MLS# 22100730 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.

    HighLights

    • Built in 2025 modern duplex with each unit featuring 3 bedrooms and 2 full bathrooms
    • Each unit has approximately 1,250 sq. ft. with an open‑concept kitchen and living area layout
    • Separate entrances and separate electric meters for each unit
    • Central air with electric heating; each unit includes in‑unit mechanicals and exterior HVAC units
    • Off‑street rear parking with alley parking; low‑maintenance exterior with durable engineered wood siding
    • Investor‑ready details include a 10‑year structural warranty backed through 2‑10 Home Warranty

    Overview

    This modern duplex was built in 2025 and is already leased. The property offers two residential units, each with 3 bedrooms and 2 full bathrooms and approximately 1,250 square feet of living area. Interiors are designed around an open-concept kitchen and living layout, with durable LVP flooring throughout. Kitchens include white cabinetry, granite countertops, and stainless steel appliances, paired with generous cabinet storage. Each unit also features modern bathrooms, in-unit mechanicals, and a functional room layout with bedrooms separated from the main living space.

    The duplex includes separate entrances and separate electric meters for each unit. Exterior HVAC units support efficient year-round comfort, and off-street rear parking is provided. The exterior uses durable engineered wood siding intended for long-term performance. A 10-year structural warranty is provided and backed through 2-10 Home Warranty.

    For buyers seeking a low-maintenance, newer construction income property, this duplex combines a practical unit configuration with utility separation and an exterior layout that supports independent living. For prospective owner-occupants, the separate entrances and meters may support a house-hacking approach while maintaining clear separation between units. The property’s near-downtown Indianapolis positioning provides a familiar residential rental context for tenants and future occupants.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $40.5k $16.20
    − Vacancy −$2.8k −$1.12
    EGI $37.7k $15.08
    − OpEx −$11.3k −$4.52
    NOI $26.4k $10.55
    2,500 SF · lease $16.20/SF/yr · vacancy 6.93% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $376.9K
    $329.8K – $439.8K (±1% cap)
    NOI $26,385 @ 7.0% cap · market cap 6.28%
    Second Best
    Apartment 5plus
    $327.8K
    $286.8K – $382.4K (±1% cap)
    NOI $22,943 @ 7.0% cap · market cap 5.46%
    Theoretical Best
    Office A
    $622.3K
    $544.5K – $726.0K (±1% cap)
    NOI $43,560 @ 7.0% cap · market cap 10.37%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile 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 Hair Salon Auto Repair Shop 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
    -86.126402
    Latitude
    39.764418

    FAQs

    What type of property is this?
    Duplex - Built in 2025 and leased, this duplex features two 3-bedroom units with separate entrances and electric meters.
    Where is this duplex located?
    The property is located at 2030 E Maryland Street Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $420,000.
    What are key features of this property?
    This property features: Built in 2025 modern duplex with each unit featuring 3 bedrooms and 2 full bathrooms; Each unit has approximately 1,250 sq. ft. with an open‑concept kitchen and living area layout; Separate entrances and separate electric meters for each unit
    More about this property
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