Duplex With Modern Interior
For Sale
$475,000
Pending
1301 S Alabama Street, Indianapolis, IN 46225
The residence includes three bedrooms, two full baths, granite countertops, and stainless steel appliances.
Property Size1,296 SF
Days on Market68
Property Features for 1301 S Alabama Street
General Information
Standard status
Pending
Size
1,296 SF
Property subtype
Duplex
Site & Location
Neighborhood
Downtown
Building Details
Year Built
2026
Listing Agency:
Indiana Gold Group
Listed By:
Shelly Wilson · License #RB15001472
(317) 442-9835
Source:
Indianagoldgroup
Added: Aug 24
Changed: Oct 30
Last Checked: Oct 28 at 3:30PM
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 Indiana Gold Group
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Investment Insights
Based on property information with market context.
This duplex property was built in 2026. The described residence has 1,296 square feet of living area, with three bedrooms and two full baths. Interior finishes include granite countertops, stainless steel appliances, tiled shower surrounds, and granite vanity tops.
Key Highlights
- Built in 2026
- 1,296 square feet of living area
- Three bedrooms and two full baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,678
Cap Rate
2.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$273,560
$273.6K
Cap Rate 7%
$195,400
$195.4K
Cap Rate 9%
$151,978
$152.0K
Market Conditions
NOI Build-Up for 1,296 SF
Gross rent
$21.0K $16.20/SF
− Vacancy
−$1.5K −$1.12/SF
EGI
$19.5K $15.08/SF
− OpEx
−$5.9K −$4.52/SF
NOI
$13.7K $10.55/SF
Area
Indianapolis, IN
Vacancy
6.93%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$273,560
Cap Rate 7%
$195,400
Cap Rate 9%
$151,978
Alternative Uses
Best Use
Multifamily LT 5
$195.4K
$171.0K – $228.0K
NOI $13,678 @ 7.0% cap · market cap 2.88%
Second Best
Apartment 5plus
$169.9K
$148.7K – $198.2K
NOI $11,894 @ 7.0% cap · market cap 2.50%
Theoretical Best
Office A
$322.6K
$282.3K – $376.4K
NOI $22,582 @ 7.0% cap · market cap 4.75%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
2,941
Businesses Nearby
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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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - The residence includes three bedrooms, two full baths, granite countertops, and stainless steel appliances.
Where is this duplex located?
The property is located at 1301 S Alabama Street Indianapolis, IN.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Built in 2026; 1,296 square feet of living area; Three bedrooms and two full baths
