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Renovated Duplex with Separate Meters

216 S Emerson Avenue, Indianapolis, IN 46219

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For Sale

$224,000

MULTI_FAMILY - Indianapolis, IN

Lot size:

0.13 Acres

HighLights

Two‑unit duplex with 2 bed/1 bath units and a basement
Newly renovated with one unit currently vacant and rent‑ready
Separate electrical meters for each unit
Heating includes forced air, baseboard, and natural gas
Parking via alley; exterior includes storage
Expected market rents are $1,150–$1,200

We can help!

Listing Contact

Mihir Bhimaraju

For Sale

$224,000

MULTI_FAMILY - Indianapolis, IN

Lot size:

0.13 Acres

Added:: May 1, 2026
Days on Market:: 51
Last Refresh:: Jun 20 at 10:06 am

Property Features for 216 S Emerson Avenue

General Information

Property type: Residential Multi Family
Property subtype: Other
Rooms: Basement
Parking features: Alley
Exterior features: Storage
Basement: Unfinished, Interior Entry
Standard status: Active
APN: 491009150001000101
Lot size: 0.13 Acres

Taxes and HOA fees

Tax Year: 2025
Tax Description: H J Weesners Add L4

Utilities

Heating system: Forced Air, Natural Gas, Baseboard

Building Details

Year built: 1900
Floors in Building: 2
Number of units: 2
Building materials: Wood Brick
Additional Structures: Storage

We can help!

Listing Contact

Mihir Bhimaraju

Listing agent Mihir Bhimaraju License #RB23001946

Listing office Real Broker, LLC Lantern Rd Ste 275 10150, INDIANAPOLIS, IN

Listing date May 1, 2026

MLS# 22098346 Listing URL

HighLights

Two‑unit duplex with 2 bed/1 bath units and a basement
Newly renovated with one unit currently vacant and rent‑ready
Separate electrical meters for each unit
Heating includes forced air, baseboard, and natural gas
Parking via alley; exterior includes storage
Expected market rents are $1,150–$1,200

Overview

This renovated duplex at 216 S Emerson Avenue includes two 2-bedroom, 1-bath units. Each unit has a separate electrical meter, which can help with utility expense control. One unit is currently vacant and is described as newly renovated and rent-ready, supporting an immediate lease-up path. The second unit is occupied, with the opportunity for future rent increases as it stabilizes.

The property is located on Emerson Avenue in Indianapolis, close to downtown Indianapolis (approximately 10 minutes) and near dining, retail, and entertainment in the Irvington district. The listing highlights high visibility and easy access to surrounding amenities.

For investors, this is positioned as a light value-add duplex where stabilizing the vacant unit and aligning rents with market levels can drive results. The remarks cite expected market rents between $1,150 and $1,200. For owner-occupants, the duplex layout also supports a house-hack approach, allowing one unit to be lived in while the other unit helps offset housing costs. The overall offering is aimed at buyers seeking a straightforward income property with a clear ability to implement rent and unit improvements over time.

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

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Local Demand

City: Indianapolis
County: Hamilton
State: Indiana
Longitude: -86.083311
Latitude: 39.766689

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For sale
Duplexes
IN
Indianapolis
46219
216 S Emerson Avenue

What type of property is this?

Duplex - Two 2BR/1BA units, one vacant and renovated, with separate electrical meters in Indianapolis’ Irvington area.

Where is this duplex located?

The property is located at 216 S Emerson Avenue Indianapolis, IN.

What is the asking price?

The asking price for this property is $224,000.

What are key features of this property?

This property features: Two‑unit duplex with 2 bed/1 bath units and a basement; Newly renovated with one unit currently vacant and rent‑ready; Separate electrical meters for each unit

216 S Emerson Avenue, Indianapolis, IN 46219

MULTI_FAMILY - Indianapolis, IN

Property Features for 216 S Emerson Avenue

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Restaurant/QSR With Drive-Thru Potential

Hard-Corner Retail/Office Building

Elevator-Served Mixed-Use Building

Flexible Office Building with Detached Garage

Renovated Office Flex Complex

Heavy Industrial Dock-High Warehouse

Corner Two-Tenant Retail and Auto Site

Multi-Office Building with Private Parking

Auto Shop with Paint Booth

Four-Unit Retail Value-Add Property

Keystone Avenue Redevelopment Opportunity

Freestanding Single-Story Office Building

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