Updated Three-Bedroom
For Sale
$259,900
253 N Gray Street, Indianapolis, IN 46201
Residential Income, Indianapolis, IN
Property SizeContact for details
Lot Size0.05 Acres
Days on Market16
Property Features for 253 N Gray Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 1, Bedroom 2, Bedroom 3, Bathroom 2, Basement
Subdivision
Kealing Place
Lot features
Curbs
Elementary school district
Indianapolis Public Schools
Middle school district
Indianapolis Public Schools
High school district
Indianapolis Public Schools
Directions
GPS Friendly
Standard status
Active
APN
491005177001000101
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Kealing Place 5.85Ft X 55Ft Nw Cor L14 55Ft Wend L15
Tax Annual Amount
3822
Legal Description
Kealing Place 5.85Ft X 55Ft Nw Cor L14 55Ft Wend L15
Building Details
Year built
1920
Number of units
2
Building materials
Aluminum Siding
Listing Agency:
Wilmoth Group
(317) 842-3400
Listed By:
Maxwell Richter · License #RB15000880
(317) 842-6780
Added: Aug 31
Changed: Sep 12
Last Checked: Sep 15 at 12:06AM
MLS# 22123479
Copyright © 2026 Broker Listing Cooperative®. 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.
This duplex contains two separate residences, each with three bedrooms and 1.5 bathrooms. Both units are vacant and have been maintained with updated interior finishes. The property also includes basement space and aluminum siding, providing a clearly defined residential income configuration for an owner or operator.
Built in 1920, the property occupies a 0.05-acre lot at 253 N Gray Street in Indianapolis, Indiana. Its two-unit layout and vacancy offer flexibility for a new ownership or leasing plan, subject to applicable requirements.
Built in 1920, the property occupies a 0.05-acre lot at 253 N Gray Street in Indianapolis, Indiana. Its two-unit layout and vacancy offer flexibility for a new ownership or leasing plan, subject to applicable requirements.
Key Highlights
- Two‑unit duplex with 3 bedrooms and 1.5 bathrooms per side
- Both units are vacant
- Updated interior finishes in both residences
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
516
Businesses Nearby
Explore this area
Business Placement
Demographics for 46201, IN
31,408
Population
17,145
Households
1.8
Avg Household Size
34
Median Age
26%
College-Educated
78%
High-School Grad
5.6 sq mi
ZIP Area
5,609
Density / Sq Mi
$43,183
Median Household Income
$36,951
Median Earnings
$929
Median Rent
$150,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Vacant two-unit property with refreshed interiors, basement space, and aluminum siding in Indianapolis.
Where is this duplex located?
The property is located at 253 N Gray Street Indianapolis, IN.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: Two‑unit duplex with 3 bedrooms and 1.5 bathrooms per side; Both units are vacant; Updated interior finishes in both residences
