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Duplex with Front Porches
For Sale
$309,900
Pending

5164 Winthrop Ave, Indianapolis, IN 46205

Two leased units include flexible living areas and basement storage.

Property Size5,750 SF
Days on Market26

Property Features for 5164 Winthrop Ave

General Information

Standard status Pending
Size 5,750 SF
Property subtype Multi-Family

Building Details

Year Built 1940
Listing Agency: Keller Williams Indy Metro Partners
Listed By: The James Embry Team · License #56837 - 94
Source: Jamesembry
Added: Aug 21 Changed: Sep 15 Last Checked: Sep 15 at 8:02AM

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 Indy Metro Partners

Investment Insights

Based on property information with market context.

This duplex contains two residential units, each arranged around a spacious living room, a flexible adjoining area, a kitchen, one bedroom, and a full bathroom. The additional space can accommodate dining, office, or living functions. Both units also connect to unfinished basement areas that provide storage. At the front, each residence has its own section of the shared porch, creating separate outdoor space for occupants.

Unit 5164 is leased through May 2027, while Unit 5166 is leased through December 2026. The property is located at 5164 Winthrop Ave in Indianapolis, Indiana.

Key Highlights

  • Two‑unit duplex with separate residential living spaces
  • Front porch provides distinct outdoor space for each unit
  • Each unit includes a living room, flexible adjoining area, kitchen, bedroom, and full bathroom

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Pharmacy HVAC Service Auto Repair Shop Auto Parts Store Building Supply Law Firm

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

657
Businesses Nearby

Demographics for 46205, IN

27,531
Population
14,756
Households
1.9
Avg Household Size
34
Median Age
51%
College-Educated
93%
High-School Grad
6.2 sq mi
ZIP Area
4,440
Density / Sq Mi
$65,756
Median Household Income
$48,138
Median Earnings
$1,087
Median Rent
$278,000
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

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two leased units include flexible living areas and basement storage.
Where is this duplex located?
The property is located at 5164 Winthrop Ave Indianapolis, IN.
What is the asking price?
The asking price for this property is $309,900.
What are key features of this property?
This property features: Two‑unit duplex with separate residential living spaces; Front porch provides distinct outdoor space for each unit; Each unit includes a living room, flexible adjoining area, kitchen, bedroom, and full bathroom
More about this property
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