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    3247 W Morris St Indianapolis, IN 46241

    Pending
    For Sale
    $219,000

    Duplex - Indianapolis, IN

    Type:Duplex
    Lot size:
    0.29 Acres
    Days on Market:
    13
    Last Refresh:
    Dec 7 at 9:06 am

    Property Features for 3247 W Morris St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Pending
    Rooms
    Basement
    APN
    491116113009000900
    Basement Y/N
    1
    Lot size
    0.29 Acres

    Building Details

    Year built
    1945
    Number of units
    2
    Architectural style
    Other

    Trueblood Real Estate (317) 679-6330 [email protected]

    Listing agent Patricia McCormick (317) 288-5148 License #RB20001746

    Listing date Nov 25, 2025

    MLS# 22065228 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

    Two Homes and Pole Barn

    This unique property presents an opportunity for investors, featuring two single-family homes and a pole barn situated on a single 0.29-acre parcel in Indianapolis, Indiana. Each home includes 2 bedrooms, 1 bath, and a living area. All units, including the pole barn, are fully leased. One of the homes has been upgraded with a new metal roof and a 2-year-old furnace. Located in Marion County, this property offers potential for stability, returns, and long-term growth.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness Pharmacy Wholesale Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.214512
    Latitude
    39.749931

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    FAQs

    What type of property is this?
    Duplex - Two single-family homes and a pole barn on one parcel.
    Where is this duplex located?
    The property is located at 3247 W Morris St Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $219,000.
    What are key features of this property?
    This property features: - Two single-family homes and a pole barn on one lot.; - All units are currently leased for maximum cash flow.; - Back home features a NEW METAL ROOF and a 2-year-old furnace.
    (317) 288-5148
    Request Owner's contact information
    3247 W Morris St Indianapolis, IN 46241
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    Indianapolis, IN 46241
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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
    3247 W Morris St Indianapolis, IN 46241
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