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Fully Leased Duplex
For Sale
$145,000

1942 Houston St, Indianapolis, IN 46218

Two residential units are currently leased and offered in as-is condition.

Property SizeContact for details
Days on Market23

Property Features for 1942 Houston St

General Information

Standard status Active
Property subtype Multi-Family
Occupancy 100%

Additional Details

Multifamily Units 2

Building Details

Year Built 1922
Listing Agency: @properties
Listed By: Daniel McNeal
Source: Eveloteam
Added: Aug 10 Changed: Aug 29 Last Checked: Aug 30 at 8:05PM

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 @properties

Investment Insights

Based on property information with market context.

This duplex at 1942 Houston St was built in 1922 and contains two residential units. Both units are leased, providing an existing occupancy profile for an investor evaluating a small multifamily asset. The property is being offered in as-is condition.

The home is positioned one block from Pogues Run in Indianapolis, with access to Brookside Park amenities including a pool, basketball facilities, disc golf, a playground, and trails. The surrounding recreation options add neighborhood context for residents while keeping the property close to outdoor amenities.

Key Highlights

  • Duplex with both residential units currently leased
  • Built in 1922
  • Located at 1942 Houston St, Indianapolis, IN 46218

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Dental Office Law Firm Real Estate Agency Gym & Fitness Center Bakery (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
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

298
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

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 residential units are currently leased and offered in as-is condition.
Where is this duplex located?
The property is located at 1942 Houston St Indianapolis, IN.
What is the asking price?
The asking price for this property is $145,000.
What are key features of this property?
This property features: Duplex with both residential units currently leased; Built in 1922; Located at 1942 Houston St, Indianapolis, IN 46218
More about this property
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