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Duplex with Two 3BR Units

5130 E Michigan Street Indianapolis, IN 46219

New
5130 E Michigan Street, Indianapolis, IN, 46219
$214,900
For Sale
$214,900

MULTI_FAMILY - Other - Indianapolis, IN

Lot Size0.13 Acres
Days on Market2

Property Features for 5130 E Michigan Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking features
Alley
Basement
Unfinished
Standard status
Active
APN
491003114078000701
Lot size
0.13 Acres

Taxes and HOA fees

Tax Year
2025
Tax Description
Emerson Ave Add L140

Utilities

Heating system
Natural Gas, Forced Air, Electric (Heating)
Cooling system
Central Air

Building Details

Year built
1920
Floors in Building
2
Number of units
2
Roof type
Asphalt
Architectural style
Other
Listing Agency Doc Real Estate, Inc
Briarstone Ln 7722, Greenwood, IN
Listed by Michael Deak
Added: Jul 16 Checked: Jul 17 at 6:06 pm
MLS# 22114549 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.


Investment Insights

Based on property information with market context.

This duplex provides two separate residential units, each with three bedrooms and two full bathrooms. Both units include a range and refrigerator, along with washer/dryer hookups on the main floor. Unit 1 has newer LVP flooring and carpets and is ready to be rented. Unit 1 also has a newly installed 90% gas furnace. Exterior maintenance is supported by vinyl siding.

The property is located in Indianapolis and is described as being near shopping, grocery stores, restaurants, and Ellenberger Park. The sale is offered as-is.

Per the listing, tenants pay all utilities except water/sewer, and tenants do not have access to the basement.

Key Highlights

  • Duplex built in 1920 with 3 bedrooms and 2 full bathrooms in both units
  • $970/mo rent from Unit 2 (tenant occupied) and Unit 1 previously rented for $1,090/mo
  • Unit 1 has a new 90% gas furnace and newer LVP flooring and carpets, ready to be rented

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Law Firm Building Supply Parking Lot & Garage Big Box & Wholesale Store Computer & Electronic Repair Auto Parts Store HVAC Service Carpet & Flooring Store Locksmith (Bike/Boat/Book/etc) Store

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

FAQs

What type of property is this?
Duplex - Duplex offers two units with three bedrooms and two full bathrooms, each with range, refrigerator, and washer/dryer hookups.
Where is this duplex located?
The property is located at 5130 E Michigan Street Indianapolis, IN.
What is the asking price?
The asking price for this property is $214,900.
What are key features of this property?
This property features: Duplex built in 1920 with 3 bedrooms and 2 full bathrooms in both units; $970/mo rent from Unit 2 (tenant occupied) and Unit 1 previously rented for $1,090/mo; Unit 1 has a new 90% gas furnace and newer LVP flooring and carpets, ready to be rented
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