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    513 N Colorado Ave Indianapolis, IN 46201

    Pending
    For Sale
    $145,000

    Craftsman, Duplex - Indianapolis, IN

    Type:Duplex
    Lot size:
    0.11 Acres
    Days on Market:
    37
    Last Refresh:
    Dec 12 at 10:06 am

    Property Features for 513 N Colorado Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Pending
    Security features
    Smoke Detector(s)
    Rooms
    Basement
    APN
    491004145147000101
    Basement Y/N
    1
    Lot size
    0.11 Acres

    Building Details

    Year built
    1920
    Number of units
    2
    Building materials
    Vinyl Siding
    Architectural style
    Craftsman

    eXp Realty (888) 611-3912 [email protected]

    Listing agent Jim Abner (317) 969-5044 License #RB14039096

    Listing date Nov 6, 2025

    MLS# 22062400 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

    Indianapolis Duplex: Investment Opportunity

    This spacious duplex in Indianapolis features three bedrooms and one bath on each side, presenting an opportunity for investors or owner-occupants. The property is suitable for updates and improvements to realize its full potential. The layout allows for living in one unit while renting the other, or leasing both for consistent income. The property is situated in an area with strong rental demand, making it a viable option for those seeking cash flow with value-add upside. The lot size is 0.11 acres.
    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
    -86.094726
    Latitude
    39.775229

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    FAQs

    What type of property is this?
    Duplex - Spacious duplex in Indianapolis, ideal for investors or owner-occupants.
    Where is this duplex located?
    The property is located at 513 N Colorado Ave Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $145,000.
    What are key features of this property?
    This property features: - Strong rental demand area, ideal for investors seeking cash flow.; - Duplex with 3 bedrooms and 1 bath on each side, offering flexible living/rental options.; - Suitable for owner-occupants to live in one unit and rent the other.
    (317) 969-5044
    Request Owner's contact information
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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
    513 N Colorado Ave Indianapolis, IN 46201
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