All-Brick Duplex for
6148-6150 E 12th St Indianapolis, IN 46219
For Sale
$175,000
Two-unit all-brick duplex with in-unit laundry, wood floors, and updated water heaters and furnaces.
Property Size1,706 SF
Price / SF$102.58
Days on Market2118
Property Features for 6148-6150 E 12th St
General Information
- Standard status
- Active
- Size
- 1,706 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1968
Listing Agency:
Keller Williams Realty Consultants
(812) 944-7024
Listed By:
Thomas Robbins · License #RB18000791
(812) 944-7024
Source:
Xome
Added: Oct 6, 2020
Changed: Jul 23
Last Checked: Jul 23 at 9:50AM
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 Keller Williams Realty Consultants
Investment Insights
Based on property information with market context.
This all-brick duplex consists of two residential units, each with 2 bedrooms and 1 bathroom. The units feature wood floors and in-unit laundry. The property also includes newer water heaters and furnaces, and the roof is reported to be in good shape with no leaks during the current owner’s tenure.
Per the seller’s remarks, the left side (unit #6148) is ready to rent with only minor touch-ups, while the right side (unit #6150) needs a rehab. The property is currently occupied by the owner and a friend/caregiver, and both units will be emptied and unoccupied at the time of transfer.
The duplex is being sold As-Is, with an attached addendum noted in the sales materials.
Per the seller’s remarks, the left side (unit #6148) is ready to rent with only minor touch-ups, while the right side (unit #6150) needs a rehab. The property is currently occupied by the owner and a friend/caregiver, and both units will be emptied and unoccupied at the time of transfer.
The duplex is being sold As-Is, with an attached addendum noted in the sales materials.
Key Highlights
- All‑brick duplex built in 1968 with 2 units, each side offering 2 bedrooms and 1 bathroom
- In‑unit laundry on both sides, plus wood floors
- Cooling: window/wall unit; Heating: 3 (details not provided)
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.7k | $18.00 |
| − Vacancy | −$2.2k | −$1.31 |
| EGI | $28.5k | $16.69 |
| − OpEx | −$12.8k | −$7.51 |
| NOI | $15.7k | $9.18 |
1,706 SF · lease $18.00/SF/yr · vacancy 7.30% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$257.2K
$225.1K – $300.1K
NOI $18,005 @ 7.0% cap · market cap 10.29%
Second Best
Apartment 5plus
$223.7K
$195.7K – $260.9K
NOI $15,656 @ 7.0% cap · market cap 8.95%
Theoretical Best
Office A
$424.6K
$371.6K – $495.4K
NOI $29,725 @ 7.0% cap · market cap 16.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two-unit all-brick duplex with in-unit laundry, wood floors, and updated water heaters and furnaces.
Where is this duplex located?
The property is located at 6148-6150 E 12th St Indianapolis, IN.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: All‑brick duplex built in 1968 with 2 units, each side offering 2 bedrooms and 1 bathroom; In‑unit laundry on both sides, plus wood floors; Cooling: window/wall unit; Heating: 3 (details not provided)
