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Renovated Duplex with Modern Systems
For Sale
$299,000

1854 Shelby St, Indianapolis, IN 46203

Two separately accessed residences combine historic character with updated systems, finishes, and appliances.

Property Size5,314 SF
Price / SF$56.27
Days on Market44

Property Features for 1854 Shelby St

General Information

Standard status Active
Size 5,314 SF
Property subtype Multi-Family

Building Details

Year Built 1900
Listing Agency: Sadler Real Estate
Listed By: Streamlined Realty
Source: Streamlinedrealty
Added: Jul 20 Changed: Aug 31 Last Checked: Aug 31 at 3:07PM

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 Sadler Real Estate

Investment Insights

Based on property information with market context.

This two-unit property at 1854 Shelby St includes one residence with two bedrooms and one bathroom and a second with three bedrooms and two full bathrooms. The first unit is vacant, while the other is occupied. Each side has private access to half of the unfinished basement, with laundry connections provided.

Updates completed during 2024/2025 include vinyl siding, gutters, HVAC systems, windows, water heaters, appliances, and additional improvements. The property retains original character while incorporating contemporary finishes. It is located in the Bates-Hendricks area, minutes from Fountain Square and downtown Indianapolis. The property is total electric; residents pay their own electricity, while the owner covers water, sewer, trash, and lawn care.

Key Highlights

  • Two‑unit property with 2‑bedroom and 3‑bedroom residences
  • Property size: 5314
  • Updates completed in 2024/2025 include siding, gutters, HVAC, windows, water heaters, and appliances

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Dental Office Real Estate Agency Electrical Service Spa & Massage Center Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

577
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

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 - Two separately accessed residences combine historic character with updated systems, finishes, and appliances.
Where is this duplex located?
The property is located at 1854 Shelby St Indianapolis, IN.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Two‑unit property with 2‑bedroom and 3‑bedroom residences; Property size: 5314; Updates completed in 2024/2025 include siding, gutters, HVAC, windows, water heaters, and appliances
More about this property
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