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Duplex Residential Income Property

1509 E Gimber Street, Indianapolis, IN 46203

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Pending

$175,000

MULTI_FAMILY - Ranch - Indianapolis, IN

Type:Single Family Residence

Lot size:

0.21 Acres

HighLights

Duplex built in 2006 with a ranch architectural style
Both units are 2 bed / 1 bath with a large kitchen and living room
Each unit has a fully fenced yard plus a new cement patio
Each unit includes its own storage shed
Central air and forced‑air heating with natural gas
Long‑term tenants in both units (over 10 years); tenants pay utilities and provide their own appliances

We can help!

Listing Contact

Christine Krause

Pending

$175,000

MULTI_FAMILY - Ranch - Indianapolis, IN

Type:Single Family Residence

Lot size:

0.21 Acres

Added:: Mar 16, 2026
Days on Market:: 91
Last Refresh:: Jun 14 at 12:06 am

Property Features for 1509 E Gimber Street

General Information

Property type: Residential Multi Family
Property subtype: Single Family Residence
Parking features: Alley
Exterior features: Storage Shed
Fencing: Gate, Fenced, Chain Link
Standard status: Pending
APN: 491019117299000101
Lot size: 0.21 Acres

Taxes and HOA fees

Tax Year: 2024
Tax Description: Holiday Garfield Pk Add L72 & L71 Ex Tri Tr 28.56 Ft Sl X 80.70 Ft Wl Sw Cor L71

Utilities

Heating system: Natural Gas, Forced Air
Cooling system: Central Air

Building Details

Year built: 2006
Floors in Building: 1
Number of units: 2
Building materials: Vinyl Siding
Roof type: Asphalt
Architectural style: Ranch
Additional Structures: Storage

We can help!

Listing Contact

Christine Krause

Listing agent Christine Krause License #RB14031334

Listing office Crossroads Realty W Turnbuckle Pl 5579, McCordsville, IN

Listing date Mar 16, 2026

MLS# 22089104 Listing URL

HighLights

Duplex built in 2006 with a ranch architectural style
Both units are 2 bed / 1 bath with a large kitchen and living room
Each unit has a fully fenced yard plus a new cement patio
Each unit includes its own storage shed
Central air and forced‑air heating with natural gas
Long‑term tenants in both units (over 10 years); tenants pay utilities and provide their own appliances

Overview

This duplex was built in 2006 and features two separate units, each with two bedrooms and one bathroom. Each unit includes a large kitchen and living room. Outdoor space is individually fenced, and each unit has a cement patio. There are also separate storage buildings for each unit. Tenants provide their own appliances and are responsible for all utilities.

The property is located at 1509 E Gimber Street in Indianapolis, Indiana. The lot size is listed at 0.21 acres. Showings require 24-hour notice.

For buyers seeking a residential income property with established on-site tenancy, this duplex presents a straightforward, unit-based configuration. Both units are currently occupied by long-term tenants, with tenure exceeding 10 years, and both tenants have indicated they would like to stay. The combination of independent yards, patios, and storage can support tenant continuity and day-to-day livability within the existing layout.

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

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Local Demand

City: Indianapolis
County: Hamilton
State: Indiana
Longitude: -86.134169
Latitude: 39.727315

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For sale
Duplexes
IN
Indianapolis
46203
1509 E Gimber Street

What type of property is this?

Duplex - Duplex built in 2006 offering two 2-bedroom, 1-bath units with private fenced yards and patios.

Where is this duplex located?

The property is located at 1509 E Gimber Street 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: Duplex built in 2006 with a ranch architectural style; Both units are 2 bed / 1 bath with a large kitchen and living room; Each unit has a fully fenced yard plus a new cement patio

1509 E Gimber Street, Indianapolis, IN 46203

MULTI_FAMILY - Ranch - Indianapolis, IN

Property Features for 1509 E Gimber Street

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Restaurant/QSR With Drive-Thru Potential

Value-Add Commercial Opportunity in Indianapolis

Hard-Corner Retail/Office Building

Freestanding Office Building on Shadeland

Freestanding Office Building on Shadeland

Flexible Office Building with Detached Garage

Renovated Office Flex Complex

Heavy Industrial Dock-High Warehouse

Corner Two-Tenant Retail and Auto Site

Multi-Office Building with Private Parking

Auto Shop with Paint Booth

Keystone Avenue Redevelopment Opportunity

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