2-Unit Duplex with Updated
For Sale
$265,000
1302 N Oxford Street, Indianapolis, IN 46201
Both apartments have had tenants since 2022, with one month-to-month arrangement and the other lease running through March 2027.
Property Size1,389 SF
Price / SF$190.78
Days on Market28
Property Features for 1302 N Oxford Street
General Information
Standard status
Active
Size
1,389 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Near Eastside
Additional Details
Gross Income
$28,800
Multifamily Units
2
Tenant in Place
Yes
Building Details
Year Built
1915
Units
2
Listing Agency:
@properties
(317) 489-3441
Listed By:
Dominick Jones
(219) 613-7172
Source:
Gmartinrealty
Added: Oct 1
Changed: Oct 27
Last Checked: Oct 26 at 4:01AM
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 @properties
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1915, this duplex contains two apartments with a combined approximately 1,389 square feet of living space. Each unit has two bedrooms and one full bathroom. Updates to the property’s interior and exterior have been completed since 2022.
Both apartments have remained occupied by their current tenants since the ownership change in 2022. The lease for 1304 ends in March 2027, while 1302 is occupied on a month-to-month basis. The owner pays for water, and tenants cover their own electric service.
Both apartments have remained occupied by their current tenants since the ownership change in 2022. The lease for 1304 ends in March 2027, while 1302 is occupied on a month-to-month basis. The owner pays for water, and tenants cover their own electric service.
Key Highlights
- Two apartments, each with 2 bedrooms and 1 full bathroom
- Approximately 1,389 square feet of total living space
- Built in 1915; interior and exterior updates completed since 2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,660
Cap Rate
5.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$293,200
$293.2K
Cap Rate 7%
$209,429
$209.4K
Cap Rate 9%
$162,889
$162.9K
Market Conditions
NOI Build-Up for 1,389 SF
Gross rent
$22.5K $16.20/SF
− Vacancy
−$1.6K −$1.12/SF
EGI
$20.9K $15.08/SF
− OpEx
−$6.3K −$4.52/SF
NOI
$14.7K $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%
$293,200
Cap Rate 7%
$209,429
Cap Rate 9%
$162,889
Alternative Uses
Best Use
Multifamily LT 5
$209.4K
$183.3K – $244.3K
NOI $14,660 @ 7.0% cap · market cap 5.53%
Second Best
Apartment 5plus
$182.1K
$159.3K – $212.5K
NOI $12,747 @ 7.0% cap · market cap 4.81%
Theoretical Best
Office A
$345.7K
$302.5K – $403.4K
NOI $24,202 @ 7.0% cap · market cap 9.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
433
Businesses Nearby
Explore this area
Business Placement
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
Frequently Asked Questions
What type of property is this?
Duplex - Both apartments have had tenants since 2022, with one month-to-month arrangement and the other lease running through March 2027.
Where is this duplex located?
The property is located at 1302 N Oxford Street Indianapolis, IN.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Two apartments, each with 2 bedrooms and 1 full bathroom; Approximately 1,389 square feet of total living space; Built in 1915; interior and exterior updates completed since 2022
