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    1846 Olive St Indianapolis, IN 46203

    For Sale
    $225,000

    Duplex requiring remodeling after fire damage, offering investment potential.

    Lot size:
    0.11 Acres

    Property Features for 1846 Olive St

    General Information

    Lot size
    0.11 Acres

    Building Details

    Year built
    1924

    Source: Keller Williams Realty Indy Metro South Agent Chas Schaffernoth

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Investment Property with Remodeling Potential

    This property presents an investment opportunity. The interior requires remodeling due to fire damage, with the inside currently down to the studs. Necessary renovations include plumbing, electrical work, insulation, and drywall installation. The property is located in Indianapolis, IN.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.13899
    Latitude
    39.742737

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    FAQs

    What type of property is this?
    Duplex - Duplex requiring remodeling after fire damage, offering investment potential.
    Where is this duplex located?
    The property is located at 1846 Olive St Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: - Investment property potential.; - Property is down to the studs, **ready for remodeling**.; - Opportunity to customize the interior.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1846 Olive St Indianapolis, IN 46203
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