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Two-Unit Updated Duplex
New
For Sale
$139,555

1525-1527 Villa Avenue, Indianapolis, IN 46203

Residential Income, Indianapolis, IN

Property SizeContact for details
Lot Size0.09 Acres
Days on Market5

Property Features for 1525-1527 Villa Avenue

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 1
Bathrooms 1
Full bathrooms 1
Rooms Bathroom 1, Bedroom 1, Basement
Parking features Alley
Basement Unfinished
Subdivision Hillcrest
Elementary school district Indianapolis Public Schools
Middle school district Indianapolis Public Schools
High school district Indianapolis Public Schools
Directions GPS Friendly
Standard status Active
APN 491018158120000101
Lot size 0.09 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description Hillcrest L24
Tax Annual Amount 1860
Legal Description Hillcrest L24

Utilities

Heating system Forced Air

Building Details

Year built 1924
Floors in Building 2
Number of units 2
Roof type Shingle
Listing Agency: Keller Williams Indy Metro Partners · Keller Williams Realty
Listed By: Stuart Houghton · License #RB17002210
Added: Oct 9 Changed: Oct 12 Last Checked: Oct 13 at 6:06AM
MLS# 22130949

Copyright © 2026 Broker Listing Cooperative®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This duplex contains two two-story residences, each arranged with one bedroom and one bathroom. The interiors have been refreshed, and the building has a new shingle roof. Forced-air heating serves the property, which was built in 1924 and occupies a 0.09-acre lot.

The property is on Villa Avenue near Fountain Square, with downtown Indianapolis employment and entertainment within reach. Alley parking is available.

Key Highlights

  • Two residences, each with one bedroom and one bathroom
  • Two‑story layout in each unit
  • New shingle roof and refreshed interiors

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Skin Care Clinic (Bike/Boat/Book/etc) Store Computer & Electronic Repair Locksmith Acupuncture

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

372
Businesses Nearby

Demographics for 46203, IN

38,224
Population
18,057
Households
2.1
Avg Household Size
34
Median Age
26%
College-Educated
79%
High-School Grad
13.9 sq mi
ZIP Area
2,750
Density / Sq Mi
$55,375
Median Household Income
$40,620
Median Earnings
$1,022
Median Rent
$155,500
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 - Each residence spans two levels and includes one bedroom and one bathroom.
Where is this duplex located?
The property is located at 1525-1527 Villa Avenue Indianapolis, IN.
What is the asking price?
The asking price for this property is $139,555.
What are key features of this property?
This property features: Two residences, each with one bedroom and one bathroom; Two‑story layout in each unit; New shingle roof and refreshed interiors
More about this property
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