Updated Duplex Investment Property

102 S Elder Avenue, Indianapolis, IN 46222

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For Sale

$278,900

MULTI_FAMILY - Other - Indianapolis, IN

Lot size:

0.13 Acres

HighLights

Updated duplex at 102‑104 S Elder Avenue, Indianapolis
Each unit offers 2 bedrooms and 1 full bathroom
Both units are occupied by Section 8 tenants
Monthly rent: $1,220 and $1,374 per month
Year built 1920; aluminum siding; separate meters for cooling
Parking via alley; basement included

We can help!

Listing Contact

Cody Friesz

For Sale

$278,900

MULTI_FAMILY - Other - Indianapolis, IN

Lot size:

0.13 Acres

Added:: Feb 17, 2026
Days on Market:: 123
Last Refresh:: Jun 20 at 6:06 pm

Property Features for 102 S Elder Avenue

General Information

Property type: Residential Multi Family
Property subtype: Other
Rooms: Basement
Parking features: Alley
Standard status: Active
APN: 491110103015000101
Lot size: 0.13 Acres

Taxes and HOA fees

Tax Year: 2024
Tax Description: Connatys 2nd Add L31

Utilities

Cooling system: Separate Meters

Building Details

Year built: 1920
Floors in Building: 2
Number of units: 2
Building materials: Aluminum Siding
Architectural style: Other

We can help!

Listing Contact

Cody Friesz

Listing agent Cody Friesz License #RB21000315

Listing office Trueblood Real Estate North Street Suite 350 8700, Fishers, IN

Listing date Feb 17, 2026

MLS# 22083029 Listing URL

HighLights

Updated duplex at 102‑104 S Elder Avenue, Indianapolis
Each unit offers 2 bedrooms and 1 full bathroom
Both units are occupied by Section 8 tenants
Monthly rent: $1,220 and $1,374 per month
Year built 1920; aluminum siding; separate meters for cooling
Parking via alley; basement included

Overview

This updated duplex investment property is set up as two separate, self-contained units. Each side includes two bedrooms and one full bathroom, with functional layouts and modern updates throughout. The current configuration supports immediate occupancy rather than a delayed renovation or re-tenanting timeline.

Located at 102 to 104 S Elder Avenue on Indianapolis’ west side, the property is positioned for convenient access to downtown, shopping, and major roadways. The listed lot size is 0.13 acres.

Both sides are currently occupied by Section 8 tenants, with stated monthly income of $1,220 and $1,374 per month. For an investor looking for a turnkey duplex with ongoing rental occupancy already in place, this offering provides a straightforward, two-unit structure with updated interior finishes and current rent roll information available. Purchasers should review lease terms and any applicable requirements associated with Section 8 tenancy as part of their due diligence.

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: Indianapolis
County: Hamilton
State: Indiana
Longitude: -86.194824
Latitude: 39.765539

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For sale
Duplexes
IN
Indianapolis
46222
102 S Elder Avenue

What type of property is this?

Duplex - Two updated units offer 2-bedroom, 1-bath layouts with current Section 8 occupancy and monthly rent in place.

Where is this duplex located?

The property is located at 102 S Elder Avenue Indianapolis, IN.

What is the asking price?

The asking price for this property is $278,900.

What are key features of this property?

This property features: Updated duplex at 102‑104 S Elder Avenue, Indianapolis; Each unit offers 2 bedrooms and 1 full bathroom; Both units are occupied by Section 8 tenants

102 S Elder Avenue, Indianapolis, IN 46222

MULTI_FAMILY - Other - Indianapolis, IN

Property Features for 102 S Elder Avenue

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Restaurant/QSR With Drive-Thru Potential

Hard-Corner Retail/Office Building

Elevator-Served Mixed-Use Building

Flexible Office Building with Detached Garage

Renovated Office Flex Complex

Heavy Industrial Dock-High Warehouse

Corner Two-Tenant Retail and Auto Site

Multi-Office Building with Private Parking

Auto Shop with Paint Booth

Four-Unit Retail Value-Add Property

Keystone Avenue Redevelopment Opportunity

Freestanding Single-Story Office Building

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