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    241 Eastern Ave Indianapolis, IN 46201

    For Sale
    $199,000

    Duplex - Indianapolis, IN

    Type:Duplex
    Lot size:
    0.10 Acres
    Days on Market:
    9
    Last Refresh:
    Dec 13 at 3:06 pm

    Property Features for 241 Eastern Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Active
    APN
    491005118007000101
    Lot size
    0.10 Acres

    Building Details

    Year built
    1900
    Number of units
    2
    Building materials
    Brick
    Architectural style
    Other

    eXp Realty (812) 734-6048 [email protected]

    Listing agent Kenneth Hall (888) 611-3912 License #RB21000369

    Listing date Dec 5, 2025

    MLS# 22074017 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

    Updated Duplex in Indianapolis

    This updated duplex in Indianapolis presents an opportunity for investors and those interested in house-hacking. The property features two units, each with 2 bedrooms and 1 bathroom. One unit is currently rented for $885 per month, providing immediate income. The vacant unit is ready for a new tenant or for owner occupancy to offset housing costs. Recent renovations include a new HVAC system and central AC installed in 2023. A two-car garage offers additional storage or future income potential. Located in a rapidly growing neighborhood of Indianapolis, this duplex is suitable as a low-maintenance rental, portfolio expansion, or as a first investment property.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.117412
    Latitude
    39.771068

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    FAQs

    What type of property is this?
    Duplex - Turnkey duplex with immediate cash flow potential in Indianapolis.
    Where is this duplex located?
    The property is located at 241 Eastern Ave Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: - Turnkey duplex with immediate income potential from one rented unit at $885/month.; - Vacant unit is ready for a new tenant or owner-occupancy to offset housing costs.; - New HVAC and central AC installed in 2023.
    (888) 611-3912
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    241 Eastern Ave Indianapolis, IN 46201
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    Indianapolis, IN 46201
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    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
    241 Eastern Ave Indianapolis, IN 46201
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