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Occupied Duplex with Basement

1702 E 46th Street, Indianapolis, IN 46205

For Sale
$219,900

Residential Income, Indianapolis, IN

Property SizeContact for details
Lot Size0.14 Acres
Days on Market54

Property Features for 1702 E 46th Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 3
Bathrooms 2
Full bathrooms 2
Rooms Basement, Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 2, Bedroom 1
Subdivision Bellaire
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 490707139356000801
Lot size 0.14 Acres

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Tax Year 2025
Tax Description Bellaire L13
Tax Annual Amount 3358
Legal Description Bellaire L13

Building Details

Year built 1940
Floors in Building 1
Number of units 2
Buildings 1
Listing Agency: No Limit Real Estate, LLC
Listed By: Charlene Gaard · License #RB14033327
Added: Sep 17 Changed: Oct 25 Last Checked: Nov 9 at 8:06AM
MLS# 22126506

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.

Rey
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Investment Insights

Based on property information with market context.

This occupied duplex contains two residential units: a 2BR/1BA apartment and a 1BR/1BA apartment. The property includes a basement, owner-supplied stoves and refrigerators, and furnaces that are approximately 7–8 years old. One unit is leased through March 2027, while the other operates on a month-to-month arrangement. Tenants handle gas and electric service and reimburse the owner for water and sewer costs. Built in 1940, the property sits on a 0.14-acre lot in Indianapolis and is being offered as-is.

Key Highlights

  • Two‑unit duplex with 2BR/1BA and 1BR/1BA apartments
  • One unit has a lease extending through March 2027
  • Second unit is occupied on a month‑to‑month basis

Property Analytics

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Lease Details

2
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

790
Businesses Nearby

Demographics for 46205, IN

27,531
Population
14,756
Households
1.9
Avg Household Size
34
Median Age
51%
College-Educated
93%
High-School Grad
6.2 sq mi
ZIP Area
4,440
Density / Sq Mi
$65,756
Median Household Income
$48,138
Median Earnings
$1,087
Median Rent
$278,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Properties on Market for Duplexes in Indianapolis

Jul
Aug
Sep
Oct

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 - Two-unit rental property with tenant-paid utilities, a basement, and one lease extending through March 2027.
Where is this duplex located?
The property is located at 1702 E 46th Street Indianapolis, IN.
What is the asking price?
The asking price for this property is $219,900.
What are key features of this property?
This property features: Two‑unit duplex with 2BR/1BA and 1BR/1BA apartments; One unit has a lease extending through March 2027; Second unit is occupied on a month‑to‑month basis
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