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Under-Construction Duplex
For Sale
$475,000

1611 N Arsenal Avenue, Indianapolis, IN 46218

Residential Income, Indianapolis, IN

Property SizeContact for details
Lot Size0.13 Acres
Days on Market231

Property Features for 1611 N Arsenal Avenue

General Information

Property type Residential Multi Family
Property subtype Duplex
Property condition Under Construction
Bedrooms 3
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 1, Bathroom 1
Subdivision Indpls Car Cos
High school Arsenal Technical High School
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 490731188141000101
Lot size 0.13 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description Indpls Car Cos Add L18 B6
Tax Annual Amount 112
Legal Description Indpls Car Cos Add L18 B6

Building Details

Year built 2026
Number of units 2
Listing Agency: Neu Real Estate Group
Listed By: Alec Neu · License #RB26000583
Added: Feb 27 Changed: Oct 16 Last Checked: Oct 16 at 4:06PM
MLS# 22086366

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.

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Investment Insights

Based on property information with market context.

This duplex is under construction, with a planned 2026 year built. Interior details include granite countertops, stainless steel appliances, tiled bathroom surrounds, and granite vanity tops. The described residence includes three bedrooms and two full bathrooms, with 1,295 square feet of living area per floor. The property occupies a 0.13-acre lot in Indianapolis.

Key Highlights

  • Duplex under construction with a planned 2026 year built
  • 0.13‑acre lot in Indianapolis
  • 3 bedrooms and 2 full bathrooms in the described residence

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Spa & Massage Center Nail Salon Law Firm Accounting Firm Pharmacy (Bike/Boat/Book/etc) Store

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

624
Businesses Nearby

Demographics for 46218, IN

30,400
Population
15,343
Households
2
Avg Household Size
36
Median Age
11%
College-Educated
80%
High-School Grad
9.5 sq mi
ZIP Area
3,200
Density / Sq Mi
$34,635
Median Household Income
$29,745
Median Earnings
$1,056
Median Rent
$90,200
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

Frequently Asked Questions

What type of property is this?
Duplex - Planned finishes include granite countertops, stainless steel appliances, and tiled bathroom surrounds.
Where is this duplex located?
The property is located at 1611 N Arsenal Avenue Indianapolis, IN.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Duplex under construction with a planned 2026 year built; 0.13‑acre lot in Indianapolis; 3 bedrooms and 2 full bathrooms in the described residence
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