Three-Residence Multifamily
1230 Union Street, Indianapolis, IN 46225
For Sale
$615,000
Residential Income, Indianapolis, IN
Property SizeContact for details
Lot Size0.14 Acres
Days on Market11
Property Features for 1230 Union Street
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Exterior features
Fencing
Basement
Subdivision
Lot features
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Amenities
private balconies
privacy fence
mudrooms
upstairs laundry
finished basement recreation spaces
quartz countertops
gas stoves
double vanities
custom showers
Building Details
Year built
Floors in Building
Number of units
Building materials
Roof type
Architectural style
Additional Structures
Buildings
Listing Agency:
Keller Williams Indy Metro NE · Keller Williams Realty
Listed By:
Barbara Whiteside · License IN RB15001520
(317) 564-7100
Added: Nov 3
Changed: Nov 11
Last Checked: Nov 13 at 11:06PM
MLS# 22133518
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The property combines a duplex with a studio-style apartment above a detached two-car garage, offering three separate residences on a 0.14-acre parcel. Each side of the duplex has two bedrooms with ensuite bathrooms and walk-in closets, plus a main-level half bath. Shared features include updated kitchens with quartz counters and gas stoves, finished basement recreation areas, upstairs laundry, and private balconies. The carriage-house apartment has an open living area, sleeping space, kitchen, and full bathroom. Built in 1920, the property has cement siding, forced-air heat, and central air conditioning.
Two residences are currently used for short-term rentals, while the third is vacant. The property is near downtown Indianapolis and the Fountain Square area, as well as Eli Lilly headquarters, Lucas Oil Stadium, and Gainbridge Fieldhouse.
Two residences are currently used for short-term rentals, while the third is vacant. The property is near downtown Indianapolis and the Fountain Square area, as well as Eli Lilly headquarters, Lucas Oil Stadium, and Gainbridge Fieldhouse.
Key Highlights
- Three residences: a duplex and a studio‑style carriage‑house apartment
- 0.14‑acre parcel; property built in 1920
- Each duplex residence has 2 bedrooms with ensuite baths and walk‑in closets
Property Analytics
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
602
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Business Placement
Demographics for 46225, IN
6,503
Population
3,056
Households
2.1
Avg Household Size
35
Median Age
29%
College-Educated
81%
High-School Grad
4.0 sq mi
ZIP Area
1,626
Density / Sq Mi
$47,917
Median Household Income
$36,132
Median Earnings
$1,104
Median Rent
$123,600
Median Home Value
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Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Short term rental property - A renovated duplex and detached carriage-house apartment create three separate living spaces near downtown Indianapolis.
Where is this short term rental property located?
The property is located at 1230 Union Street Indianapolis, IN.
What is the asking price?
The asking price for this property is $615,000.
What are key features of this property?
This property features: Three residences: a duplex and a studio‑style carriage‑house apartment; 0.14‑acre parcel; property built in 1920; Each duplex residence has 2 bedrooms with ensuite baths and walk‑in closets
