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Duplex with Separate Garage Bays
New
For Sale
$490,000

5230 Broadway Street, Indianapolis, IN 46220

Residential Income, Indianapolis, IN

Property SizeContact for details
Lot Size0.24 Acres
Days on Market6

Property Features for 5230 Broadway Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 4
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 2, Bedroom 1, Bedroom 4, Bathroom 1, Basement, Bedroom 3, Bedroom 2
Subdivision Warrington
Lot features Sidewalks
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 490612233124000801
Lot size 0.24 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description Warrington 20Ft S Side L68 40Ft N Side L69
Tax Annual Amount 8972
Legal Description Warrington 20Ft S Side L68 40Ft N Side L69

Utilities

Heating system Natural Gas, Forced Air
Cooling system Central Air

Amenities

in-unit washer and dryer
covered front porch
separate fenced backyard
unfinished basement

Building Details

Year built 1956
Floors in Building 1
Number of units 2
Building materials Brick
Roof type Shingle, Asphalt
Architectural style Ranch
Listing Agency: Carpenter, REALTORS(R)
Listed By: Kevin Durfee
Added: Oct 2 Changed: Oct 6 Last Checked: Oct 7 at 6:06AM
MLS# 22125759

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 brick duplex, built in 1956, contains two residences with two bedrooms and one full bathroom apiece. Both feature hardwood flooring, an unfinished basement, laundry appliances, and a covered front porch. The 0.24-acre property also includes an oversized garage with a separate area for each residence and alley access.

Updates completed in 2021 included the roof, gutters, windows, kitchen backsplashes, and exterior paint. One unit received a new HVAC system in 2026; basement waterproofing and a privacy fence were added to that side in 2025. Each residence has its own fenced backyard.

Key Highlights

  • Two residences, each with 2 bedrooms and 1 full bathroom
  • 0.24‑acre property with an oversized garage divided between the units
  • Separate fenced backyard and covered front porch for each residence

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Hair Salon HVAC Service Nail Salon Auto Repair Shop Grocery & Convenience Store Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

693
Businesses Nearby

Demographics for 46220, IN

36,078
Population
17,524
Households
2.1
Avg Household Size
37
Median Age
67%
College-Educated
98%
High-School Grad
11.7 sq mi
ZIP Area
3,084
Density / Sq Mi
$103,735
Median Household Income
$58,867
Median Earnings
$1,330
Median Rent
$329,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Each residence has a private fenced yard, covered porch, and in-unit laundry.
Where is this duplex located?
The property is located at 5230 Broadway Street Indianapolis, IN.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 full bathroom; 0.24‑acre property with an oversized garage divided between the units; Separate fenced backyard and covered front porch for each residence
More about this property
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