Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    513 E Pearl St Greenwood, IN 46143

    Sponsored
    For Sale
    Pending
    $310,000

    Duplex - Greenwood, IN

    Type:Duplex
    Lot size:
    0.26 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 20 at 12:06 pm

    Property Features for 513 E Pearl St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Pending
    APN
    410233023066000026
    Lot size
    0.26 Acres

    Building Details

    Year built
    1960
    Number of units
    2
    Architectural style
    Other

    We can help!

    Listing Contact
    Tyler Angel

    Keller Williams Indy Metro West (317) 271-5959

    Listing agent Tyler Angel (317) 271-5959 License #RB22002106

    Listing date Feb 19, 2026

    MLS# 22085055 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Remodeled Duplex in Greenwood, IN

    This remodeled duplex is located in Greenwood, Indiana. The property has been renovated, featuring a new roof and siding. Energy-efficient windows provide natural light. Each unit includes new, high-efficiency appliances and flooring. Upgraded plumbing and electrical systems have been installed, along with new gutters. Concrete driveways offer parking. Updated HVAC and ductwork ensure comfort. The property is located near amenities, schools, parks, and major highways. The lot size is 0.26 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Real Estate Agency Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenwood
    County
    Johnson
    State
    Indiana
    Longitude
    -86.097297
    Latitude
    39.614553

    Nearby Similar for Sale

    • $2,350,000
      12,293 SF

      Greenwood Commercial Property on US-31

      Combination medical office and retail space in high-growth Greenwood, Indiana.
      1000 Us Highway 31 S, Greenwood, IN 46143
      View Details
    • $775,000
      4,400 SF

      Prime Commercial Opportunity in Greenwood

      4400 SF building on nearly an acre of land.
      4978 W Smith Valley Rd, Greenwood, IN 46142
      View Details
    • $1,575,000
      5,000 SF

      Greenwood Retail Opportunity

      Retail property for sale in Greenwood, Indiana.
      1000 N State Road 135, Greenwood, IN 46142
      View Details
    • $825,000
      Pending

      Greenwood Office Building For Sale

      5,453 SF office building with multi-tenant potential in Greenwood.
      918 Fry Rd, Greenwood, IN 46142
      View Details
    • $350,000
      2,429 SF

      Greenwood Mixed-Use Redevelopment Opportunity

      Mixed-use property in Greenwood's revitalizing Old Town corridor.
      100 E Main St, Greenwood, IN 46143
      View Details
    • Contact for pricing
      1,578 SF

      New Single-Level Home in Greenwood

      New construction single-family home with low-maintenance lifestyle in Center Grove.
      1148 Easy St, Greenwood, IN 46142
      View Details
    • Contact for pricing
      1,578 SF

      New Single-Level Home in Greenwood

      New construction, single-level home with low-maintenance living in Greenwood, IN.
      1148 Easy St, Greenwood, IN 46142
      View Details
    • Contact for pricing
      1,270 SF

      Charming Condo with Garage

      Two-bedroom condo with updated flooring, garage, and private deck.
      1136 Paradise Way N, Greenwood, IN 46143
      View Details
    • $2,350,000

      Medical/Retail Space Near New Development

      Combination medical and retail space near Greenwood's new "The Madison".
      1000 Us Highway 31 S, Greenwood, IN 46143
      View Details
    • $1,800,000
      5,000 SF

      Greenwood Retail Space - Prime Location

      High-traffic retail space, 5,000 sq ft, 2 acres.
      1000 State Road 135, Greenwood, IN 46142
      View Details
    • $645,000
      0.89 Acres

      Greenwood Office Building - High Visibility

      Prime Greenwood location, tenant-occupied office.
      1764 Stones Crossing Rd, Greenwood, IN 46143
      View Details
    • $799,000
      3,552 SF

      Greenwood Commercial Property - 2 Acres

      Prime Greenwood location, flexible zoning, 3,552 sq ft building.
      774 Morgantown Rd, Greenwood, IN 46143
      View Details

    FAQs

    What type of property is this?
    Duplex - Completely renovated duplex with modern amenities and convenient location.
    Where is this duplex located?
    The property is located at 513 E Pearl St Greenwood, IN.
    What is the asking price?
    The asking price for this property is $310,000.
    What are key features of this property?
    This property features: - Completely remodeled duplex with modern finishes and exceptional quality.; - New roof and siding for enhanced durability and curb appeal.; - Brand-new, high-efficiency appliances in both units.
    (317) 271-5959
    Request Owner's contact information
    513 E Pearl St Greenwood, IN 46143
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    513 E Pearl St
    Greenwood, IN 46143
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    513 E Pearl St Greenwood, IN 46143
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Tyler Angel
    Real Estate License ID: RB22002106
    (317) 271-5959
    Learn more
    Google sign-in failed. Please try again or use another login method.