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Renovated Duplex with Parking
New
For Sale
$154,900

609 N Denny Street, Indianapolis, IN 46201

Residential Income, Indianapolis, IN

Property SizeContact for details
Lot Size0.12 Acres
Days on Market5

Property Features for 609 N Denny Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 4
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 1, Bathroom 2, Basement, Bedroom 4, Bathroom 1, Bedroom 3, Bedroom 2
Parking features Alley
Basement Unfinished
Subdivision Winmar Place
Lot features Access, 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 491004121038000101
Lot size 0.12 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description Winmar Place L39
Tax Annual Amount 2626
Legal Description Winmar Place L39

Utilities

Heating system Forced Air, Natural Gas

Amenities

off-street parking

Building Details

Year built 1925
Floors in Building 1
Number of units 2
Building materials Cement Siding
Architectural style Bungalow
Listing Agency: Trueblood Real Estate
Listed By: Ryan Boyd
Added: Sep 23 Last Checked: Sep 27 at 4:06PM
MLS# 22127793

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 bungalow-style duplex contains two 2-bedroom, 1-bath residences, each measuring approximately 784 square feet. One unit was renovated in 2026 and is vacant for occupancy or leasing, while the other is leased through March 31, 2027. The property includes off-street parking accessed from the alley, cement siding, forced-air natural gas heat, and basement space. A roof and water heater were replaced in 2022.

Located at 609 N Denny Street in Indianapolis, the property occupies a 0.12-acre lot. IndyGo’s Blue Line is under construction along Washington Street, with service anticipated in late 2028, along with planned roadway, sidewalk, and transit improvements along the corridor. Built in 1925, the duplex provides a two-unit residential income configuration with one occupied side and one available side.

Key Highlights

  • Two 2‑bedroom, 1‑bath units, approximately 784 square feet per side
  • One unit renovated in 2026 and currently vacant
  • Second unit leased through March 31, 2027

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Parking Lot & Garage Real Estate Agency Skin Care Clinic Big Box & Wholesale Store Computer & Electronic Repair

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

605
Businesses Nearby

Demographics for 46201, IN

31,408
Population
17,145
Households
1.8
Avg Household Size
34
Median Age
26%
College-Educated
78%
High-School Grad
5.6 sq mi
ZIP Area
5,609
Density / Sq Mi
$43,183
Median Household Income
$36,951
Median Earnings
$929
Median Rent
$150,600
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 - Two separately configured residences offer an owner-occupant setup with rental income from the second unit.
Where is this duplex located?
The property is located at 609 N Denny Street Indianapolis, IN.
What is the asking price?
The asking price for this property is $154,900.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath units, approximately 784 square feet per side; One unit renovated in 2026 and currently vacant; Second unit leased through March 31, 2027
More about this property
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