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Occupied Duplex Property
For Sale
$150,000

425-427 W 39th St, Indianapolis, IN 46208

Both residential units are occupied, with outdoor area on the property.

Property Size6,011 SF
Lot Size0.14 Acres
Price / SF$24.95
Days on Market11

Property Features for 425-427 W 39th St

General Information

Standard status Active
Size 6,011 SF
Lot size 0.14 Acres
Property subtype Multi-Family
Occupancy 100%

Additional Details

Multifamily Units 2

Building Details

Year Built 1928
Listing Agency: Keller Williams Indy Metro Partners
Listed By: The James Embry Team · License #56837 - 94
Source: Jamesembry
Added: Sep 5 Changed: Sep 15 Last Checked: Sep 15 at 8:19AM

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 at 425-427 W 39th St includes two residential units on a 6,011-square-foot lot. Both units are occupied, providing an established occupancy profile for the property. The parcel includes outdoor space and is located near Butler University in Indianapolis. Built in 1928, the property offers a residential income configuration with a location connected to the Butler-Tarkington area.

Key Highlights

  • Two‑unit duplex property
  • Both residential units are fully occupied
  • 6,011‑square‑foot lot

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Building Supply Real Estate Agency Big Box & Wholesale Store Kitchen & Bath Showroom Gym & Fitness Center Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

509
Businesses Nearby

Demographics for 46208, IN

23,996
Population
11,619
Households
2.1
Avg Household Size
31
Median Age
40%
College-Educated
93%
High-School Grad
6.9 sq mi
ZIP Area
3,478
Density / Sq Mi
$55,435
Median Household Income
$34,125
Median Earnings
$1,075
Median Rent
$206,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Duplex - Both residential units are occupied, with outdoor area on the property.
Where is this duplex located?
The property is located at 425-427 W 39th St Indianapolis, IN.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Two‑unit duplex property; Both residential units are fully occupied; 6,011‑square‑foot lot
More about this property
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