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    835-837 N Gray St Indianapolis, IN 46201

    Pending
    For Sale
    $150,000

    Traditional, Duplex - Indianapolis, IN

    Type:Duplex
    Lot size:
    0.10 Acres
    Days on Market:
    31
    Last Refresh:
    Dec 7 at 6:06 am

    Property Features for 835-837 N Gray St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Pending
    Rooms
    Basement
    APN
    491005214057000101
    Parking features
    On Street
    Exterior features
    Fencing
    Fencing
    Fenced
    Basement Y/N
    1
    Lot size
    0.10 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1910
    Number of units
    2
    Building materials
    Brick
    Architectural style
    New Traditional

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

    Listing agent Jocelyn Deal (888) 611-3912 License #RB18000459

    Listing date Nov 7, 2025

    MLS# 22047355 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

    Located in the Near Eastside area of Indianapolis, this two-story duplex presents an investment opportunity. The property features two units, each containing two bedrooms and one bathroom. Each unit's layout includes a living room, dining room, and kitchen. The second level also includes a bonus room that could serve as an additional bedroom or office space. The property has an updated exterior and a large picture window in the dining room. A large, unfinished basement provides additional storage. Situated minutes from downtown Indianapolis, the property offers convenient access to several parks, interstate access, and local shopping. The 0.104-acre lot contains the duplex. The property is suitable for generating long-term rental income. The property needs renovation and is being sold as-is. It could be a great cash flow opportunity. It is ideal to live in one unit and rent the other, or lease both units for maximum returns.
    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
    -86.111576
    Latitude
    39.778473

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    FAQs

    What type of property is this?
    Duplex - Two-unit duplex near downtown Indianapolis, ideal for rental income.
    Where is this duplex located?
    The property is located at 835-837 N Gray St Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: - Duplex with two 2-bedroom, 1-bath units, offering immediate rental income potential.; - Prime location near downtown Indianapolis, parks, interstate access, and local shopping.; - Updated exterior and large picture window.
    (888) 611-3912
    Request Owner's contact information
    835-837 N Gray St Indianapolis, IN 46201
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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
    835-837 N Gray St Indianapolis, IN 46201
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