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Two-Unit Duplex with Modern Finishes
For Sale
$374,900

2038 E Maryland Street, Indianapolis, IN 46201

Recently built duplex with one leased unit and separate upstairs and downstairs residences.

Property SizeContact for details
Days on Market11

Property Features for 2038 E Maryland Street

General Information

Standard status Active
Property subtype Duplex

Units

Unit Mix 2 x 3BR/2BA
Multifamily Units 2

Building Details

Year Built 2024
Buildings 1
Stories 2
Tenancy Single
Listing Agency: PMI Midwest
Listed By: Mark Jones
Source: Luxcityrealty
Added: Sep 17 Changed: Sep 19 Last Checked: Sep 26 at 2:57PM

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 PMI Midwest

Investment Insights

Based on property information with market context.

Completed in 2024, this duplex contains two distinct residences arranged across separate levels, with one unit upstairs and the other downstairs. Each residence provides 3 bedrooms, 2 bathrooms, and 1,250 square feet of living area, creating a consistent layout across both units. Contemporary finishes and energy-efficient systems are incorporated throughout the property.

One unit is currently leased, providing an established rental arrangement within the two-unit configuration. The property is located in Indianapolis near downtown, with access to local dining, shopping, and major employment corridors. Its newer construction and separately positioned residences support a straightforward multifamily layout for continued rental use.

Key Highlights

  • Built in 2024
  • Two units, each with 3 bedrooms, 2 bathrooms, and 1,250 square feet
  • Separate upstairs and downstairs residences

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Spa & Massage Center Dental Office Building Supply Law Firm Pharmacy

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
Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

743
Businesses Nearby

Demographics for 46201, IN

31,408
Population
17,145
Households
1.8
Avg Household Size
34
Median Age
26%
College-Educated
78%
High-School Grad
5.6 sq mi
ZIP Area
5,609
Density / Sq Mi
$43,183
Median Household Income
$36,951
Median Earnings
$929
Median Rent
$150,600
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
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Frequently Asked Questions

What type of property is this?
Duplex - Recently built duplex with one leased unit and separate upstairs and downstairs residences.
Where is this duplex located?
The property is located at 2038 E Maryland Street Indianapolis, IN.
What is the asking price?
The asking price for this property is $374,900.
What are key features of this property?
This property features: Built in 2024; Two units, each with 3 bedrooms, 2 bathrooms, and 1,250 square feet; Separate upstairs and downstairs residences
More about this property
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