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For Sale
$170,000

1221 Lee Street, Indianapolis, IN 46221

Residential Income, Indianapolis, IN

Property SizeContact for details
Lot Size0.26 Acres
Days on Market12

Property Features for 1221 Lee Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Rooms Basement
Subdivision L C Coburns Sub J F
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 491115136004000101
Lot size 0.26 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description L C Coburns Sub J F Coburns 3rd W Indpls Add L45 & L46
Legal Description L C Coburns Sub J F Coburns 3rd W Indpls Add L45 & L46

Building Details

Year built 1938
Number of units 2
Listing Agency: The Modglin Group
Listed By: Carolyn Gonzalez
Added: Aug 12 Changed: Aug 19 Last Checked: Aug 23 at 10:06AM
MLS# 22120028

Copyright © 2026 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.

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Spa & Massage Center HVAC Service Hair Salon Nail Salon Pharmacy Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

318
Businesses Nearby

Demographics for 46221, IN

27,991
Population
11,120
Households
2.5
Avg Household Size
35
Median Age
16%
College-Educated
85%
High-School Grad
20.0 sq mi
ZIP Area
1,400
Density / Sq Mi
$58,316
Median Household Income
$40,665
Median Earnings
$1,111
Median Rent
$174,900
Median Home Value

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

Where is this duplex located?
The property is located at 1221 Lee Street Indianapolis, IN.
What is the asking price?
The asking price for this property is $170,000.
More about this property
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