Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    19-21 Hendricks Pl Indianapolis, IN 46201

    Sponsored
    For Sale
    $425,000

    Eight-unit renovated income property. High cash flow potential.

    Property size:
    2,314 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional multi-family investment opportunity in Indianapolis, Indiana, presents a compelling chance to acquire a lucrative, cash-flowing property. Located at 19-21 Hendricks Place, this property encompasses a substantial 2,314 square feet on a 0.1-acre lot. The building comprises eight studio/efficiency units, meticulously renovated and ready for immediate occupancy or rental. Five units are located at 19 Hendricks Place, and three at 21 Hendricks Place. Each unit boasts a complete kitchen, bedroom, closet, and bathroom, ensuring comfortable living spaces for tenants. The property currently generates a substantial monthly rental income with the potential to reach $7,600. A significant advantage is the owner's responsibility for all utilities (gas, water, and electric), minimizing operational burdens for the new owner. Furthermore, the property features a large, currently unused attic space, presenting a remarkable opportunity for expansion and the potential creation of two additional rental units, significantly increasing the property's value and income stream. Parking is conveniently available both in the rear of the property and on the street. The property is zoned D8 and is subject to tenant rights. A 48-hour notice is required for all showings. The property boasts a strong 10.64% capitalization rate, making it an attractive investment with significant return potential.

    Property Features for 19-21 Hendricks Pl

    General Information

    Property type
    Residential income properties
    Square Feet
    2,314 SF
    Lot Size
    4,356 SF

    Building Details

    Year Built
    1890
    Property Profile Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Marion
    State
    Indiana
    Longitude
    -86.1263
    Latitude
    39.76816

    Nearby Similar for Sale

    • $543,000
      0.15 Acres

      High-End Rebuilt Duplex in Indianapolis

      Fully furnished duplex with excellent rental history and modern amenities.
      606/608 N Emerson Ave, Indianapolis, IN 46219
      View Details
    • New
      $1,300,000
      13,400 SF

      Indianapolis Multi-Family Investment Opportunity

      17-unit rental portfolio near I-465 with diverse unit types.
      3805 Biscayne Rd, Indianapolis, IN 46226
      View Details
    • New
      $449,900
      0.14 Acres

      Turnkey Duplex in Downtown Indianapolis

      Luxury duplex with modern finishes and strong rental income.
      1036 N Parker Ave, Indianapolis, IN 46201
      View Details
    • $749,800
      0.26 Acres

      New Construction Duplex in Indianapolis

      Modern duplex near Monon, ideal for investors or owner-occupants.
      2051-2053 Columbia Ave, Indianapolis, IN 46202
      View Details
    • $290,000
      Pending

      Indianapolis Duplex in Englewood Neighborhood

      Investment or owner-occupancy opportunity in thriving Englewood neighborhood.
      233 N Oxford St, Indianapolis, IN 46201
      View Details
    • $425,000
      2,156 SF

      Indianapolis Mixed-Use Property with Daycare

      Two-bedroom home with daycare business opportunity on a large lot.
      839 S Lynhurst Dr, Indianapolis, IN 46241
      View Details
    • $205,000
      Pending

      Indianapolis Duplex Near Eastside

      3-bedroom, 1-bath duplex near downtown Indianapolis.
      1018 N Tuxedo St, Indianapolis, IN 46201
      View Details
    • $375,000
      0.13 Acres

      Updated Duplex Near Monon Trail

      Renovated duplex near Monon Trail, ideal for investors.
      2321 Guilford Ave, Indianapolis, IN 46205
      View Details
    • $240,000
      Pending

      Renovated Duplex in Indianapolis

      Two-story duplex with updated interiors, near Christian Park.
      323-325 N Gladstone Ave, Indianapolis, IN 46201
      View Details
    • $395,000
      0.14 Acres

      Charming Triplex with Cashflow Potential

      Well-maintained triplex with historical charm, ideal for investment or owner-occupancy.
      1102 N Oakland Ave, Indianapolis, IN 46201
      View Details
    • $434,000
      0.16 Acres

      Broad Ripple Multifamily Investment Opportunity

      Four-unit property near Monon Trail and Broad Ripple Avenue.
      5917 Carrollton Ave, Indianapolis, IN 46220
      View Details
    • $224,000
      0.15 Acres

      Turnkey Duplex Close to Downtown

      Updated duplex near downtown Indianapolis, ready for immediate occupancy.
      1020-1022 N Rural St, Indianapolis, IN 46201
      View Details

    FAQs

    What type of property is this?
    Residential income property - Eight-unit renovated income property. High cash flow potential.
    Where is this residential income property located?
    The property is located at 19-21 Hendricks Pl Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $425,000.
    (317) 705-2500
    Request Owner's contact information
    19-21 Hendricks Pl Indianapolis, IN 46201
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    19-21 Hendricks Pl
    Indianapolis, IN 46201
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    19-21 Hendricks Pl Indianapolis, IN 46201
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.