Modern Duplex with Separate
2030 E Maryland Street Indianapolis, IN 46201
For Sale
$400,000
MULTI_FAMILY - Craftsman - Indianapolis, IN
Property Size2,500 SF
Lot Size0.28 Acres
Price / SF$160
Days on Market80
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
Listing Agency:
Keller Williams Indy Metro NE
(317) 564-7100
Listed By:
Lidia Casimiro Murrieta · License #RB23001607
(317) 564-7100
Added: May 11
Changed: Jun 19
Last Checked: Jul 29 at 10:06PM
MLS# 22100730
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.
Investment Insights
Based on property information with market context.
Built in 2025, this modern duplex has two leased units designed for low-maintenance ownership. Each unit offers an open-concept kitchen and living area, three bedrooms, and two full bathrooms, with durable LVP flooring throughout. Kitchens include white cabinetry, granite countertops, and stainless steel appliances, along with generous cabinet storage. The property also features modern in-unit mechanicals, a functional bedroom layout separated from the main living space, and durable engineered wood siding intended for long-term performance.
The duplex is located at 2030 E Maryland Street in Indianapolis, near downtown. The exterior is configured for tenant convenience and owner ease, including separate entrances for each unit and off-street rear parking.
From an operational standpoint, the property is set up to simplify management and billing: each unit has its own electric meter, and each includes an exterior HVAC unit. A 10-year structural warranty is provided and backed through 2-10 Home Warranty. For investors seeking a nearly new, turn-key rental structure, or owner-occupants considering house-hacking, the combination of separate utilities, practical layouts, and minimal-exterior work requirements supports straightforward day-to-day use.
The duplex is located at 2030 E Maryland Street in Indianapolis, near downtown. The exterior is configured for tenant convenience and owner ease, including separate entrances for each unit and off-street rear parking.
From an operational standpoint, the property is set up to simplify management and billing: each unit has its own electric meter, and each includes an exterior HVAC unit. A 10-year structural warranty is provided and backed through 2-10 Home Warranty. For investors seeking a nearly new, turn-key rental structure, or owner-occupants considering house-hacking, the combination of separate utilities, practical layouts, and minimal-exterior work requirements supports straightforward day-to-day use.
Key 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
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
NOI $26,385 @ 7.0% cap · market cap 6.60%
Second Best
Apartment 5plus
$327.8K
$286.8K – $382.4K
NOI $22,943 @ 7.0% cap · market cap 5.74%
Theoretical Best
Office A
$622.3K
$544.5K – $726.0K
NOI $43,560 @ 7.0% cap · market cap 10.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Newly built, already-leased duplex with two 3-bedroom units and separate entrances, meters, and off-street rear parking.
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 $400,000.
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
