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Renovated Duplex with Garage
For Sale
$620,000

1521 East Street, Indianapolis, IN 46225

Updated two-residence property with flexible finished spaces, a privacy-fenced yard, and convenient access to downtown.

Property SizeContact for details
Days on Market9

Property Features for 1521 East Street

General Information

Standard status Active
Total Parking Spaces 2
Property subtype Commercial

Units

Unit Mix 2 x 3BR/2.5BA
Multifamily Units 2

Amenities

fenced yard

Building Details

Year Built 1920
Buildings 1
Listing Agency: Bif Ward Real Estate Group
Listed By: Bif Ward
Source: Bifward
Added: Sep 19 Last Checked: Sep 26 at 4:06AM

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 Bif Ward Real Estate Group

Investment Insights

Based on property information with market context.

This 5,271-square-foot duplex, built in 1920, has been renovated throughout with two distinct residences. Each unit includes 3 bedrooms and 2.5 bathrooms, along with open-concept living areas and updated kitchens equipped with new appliances and custom finishes. The upper residence adds a finished attic that may serve as a fourth bedroom, while the other unit includes a loft suitable for office, media, or gathering space.

Exterior features include a privacy-fenced yard, a two-car garage, and additional street parking. Located at 1521 S East St in Indianapolis, the property is near Fountain Square, downtown, dining, entertainment, and major thoroughfares. Its flexible layout supports a range of residential arrangements, including owner occupancy, multigenerational living, or use as an income-producing duplex.

Key Highlights

  • Two‑unit duplex measuring 5,271 square feet
  • Each residence offers 3 bedrooms and 2.5 bathrooms
  • Finished attic in the upper unit may function as a 4th bedroom

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm HVAC Service (Bike/Boat/Book/etc) Store Daycare Center Accounting Firm 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

Location Intelligence

Trade Area within ½ mile

774
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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 - Updated two-residence property with flexible finished spaces, a privacy-fenced yard, and convenient access to downtown.
Where is this duplex located?
The property is located at 1521 East Street Indianapolis, IN.
What is the asking price?
The asking price for this property is $620,000.
What are key features of this property?
This property features: Two‑unit duplex measuring 5,271 square feet; Each residence offers 3 bedrooms and 2.5 bathrooms; Finished attic in the upper unit may function as a 4th bedroom
More about this property
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