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Refinished Two-Story Duplex
For Sale
$299,000
Pending

117 N Colorado Ave, Indianapolis, IN 46201

Both residences are leased and include updated interiors, a front porch, and a private fenced backyard.

Property Size5,445 SF
Days on Market8

Property Features for 117 N Colorado Ave

General Information

Standard status Pending
Size 5,445 SF
Property subtype Multi-Family
Occupancy 100%

Additional Details

Multifamily Units 2

Amenities

porch
fenced backyard

Building Details

Year Built 1910
Buildings 1
Stories 2
Construction American Foursquare
Tenancy Multi
Listing Agency: F.C. Tucker Company
Listed By: The James Embry Team
Source: Jamesembry
Added: Sep 20 Changed: Sep 26 Last Checked: Sep 26 at 7:08AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of F.C. Tucker Company

Investment Insights

Based on property information with market context.

This two-story duplex at 117 N Colorado Ave in Indianapolis, Indiana, was built in 1910 and provides 1,100 square feet per side. The property has been refinished, with updates completed throughout the two residences. Its American Foursquare design adds architectural character, while the front porch creates a defined entry feature for each home.

Outdoor space includes a private fenced backyard. Both sides are currently leased, providing an existing rental configuration for an investor seeking a duplex with improvements already completed. The property is identified as a duplex and measures 5,445 square feet in property size.

Key Highlights

  • Two‑story duplex with 1,100 square feet per side
  • Built in 1910 with American Foursquare architecture
  • Both sides are currently leased

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Spa & Massage Center Skin Care Clinic Parking Lot & Garage

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
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

419
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 - Both residences are leased and include updated interiors, a front porch, and a private fenced backyard.
Where is this duplex located?
The property is located at 117 N Colorado Ave Indianapolis, IN.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Two‑story duplex with 1,100 square feet per side; Built in 1910 with American Foursquare architecture; Both sides are currently leased
More about this property
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