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Refinished Duplex With Fenced Yard
New
For Sale
$299,000

117 N Colorado Avenue, Indianapolis, IN 46201

Residential Income, Indianapolis, IN

Property SizeContact for details
Lot Size0.13 Acres
Days on Market2

Property Features for 117 N Colorado Avenue

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 4
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 2, Bathroom 1, Bedroom 4, Bedroom 1, Bedroom 2, Bedroom 3
Subdivision Tuxedo Park
Lot features Busline, 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 491004119164000101
Lot size 0.13 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description Tuxedo Park L20 B4
Tax Annual Amount 3488
Legal Description Tuxedo Park L20 B4

Amenities

porch
fenced backyard

Building Details

Year built 1910
Floors in Building 2
Number of units 2
Building materials Wood Siding
Listing Agency: eXp Realty, LLC
Listed By: James Canull · License #RB14050789
Added: Sep 18 Last Checked: Sep 19 at 7:06PM
MLS# 22126866

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 two-story duplex offers 1,100 square feet per side and was built in 1910. The property has been refinished throughout and retains American Foursquare architectural elements, including a covered front porch and wood siding. A fenced backyard provides private outdoor space, while the two-unit layout supports separate residential occupancy.

Located at 117 N Colorado Avenue in Indianapolis, the property sits on a 0.13-acre lot. Each side is currently leased, providing an existing rental arrangement for an investor seeking a residential income property with completed updates. The four-bedroom and two-bathroom room details are reflected across the property record.

Key Highlights

  • 1,100 square feet per side
  • Two‑story duplex built in 1910
  • American Foursquare architectural style with covered front porch

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

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 units are leased and feature refinished interiors with access to a private fenced backyard.
Where is this duplex located?
The property is located at 117 N Colorado Avenue 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: 1,100 square feet per side; Two‑story duplex built in 1910; American Foursquare architectural style with covered front porch
More about this property
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