New Construction
For Sale
$475,000
210 N State Ave, Indianapolis, IN 46201
Modern interior finishes include granite surfaces, stainless steel appliances, and tiled bathroom surrounds.
Property Size4,095 SF
Price / SF$115
Days on Market57
Property Features for 210 N State Ave
General Information
Standard status
Active
Size
4,095 SF
Property subtype
Multi-Family
Building Details
Year Built
2026
Listing Agency:
Carpenter, Realtors
Listed By:
Crossroads Real Estate Group
(317) 696-9087
Source:
Crossroadsrealestategroup
Added: Aug 21
Changed: Oct 15
Last Checked: Oct 14 at 11:25PM
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 Carpenter, Realtors
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Investment Insights
Based on property information with market context.
This duplex is identified as brand-new construction completed in 2026. Interior improvements include granite countertops, stainless steel appliances, tiled bathroom surrounds, and granite vanity tops. The property is located at 210 N State Ave in Indianapolis, Indiana, and is broker owned.
Key Highlights
- New construction completed in 2026
- Granite countertops and vanity tops
- Stainless steel appliances included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,219
Cap Rate
9.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$864,380
$864.4K
Cap Rate 7%
$617,414
$617.4K
Cap Rate 9%
$480,211
$480.2K
Market Conditions
NOI Build-Up for 4,095 SF
Gross rent
$66.3K $16.20/SF
− Vacancy
−$4.6K −$1.12/SF
EGI
$61.7K $15.08/SF
− OpEx
−$18.5K −$4.52/SF
NOI
$43.2K $10.55/SF
Area
Indianapolis, IN
Vacancy
6.93%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$864,380
Cap Rate 7%
$617,414
Cap Rate 9%
$480,211
Alternative Uses
Best Use
Multifamily LT 5
$617.4K
$540.2K – $720.3K
NOI $43,219 @ 7.0% cap · market cap 9.10%
Second Best
Apartment 5plus
$536.9K
$469.8K – $626.4K
NOI $37,581 @ 7.0% cap · market cap 7.91%
Theoretical Best
Office A
$1.02M
$891.9K – $1.19M
NOI $71,351 @ 7.0% cap · market cap 15.02%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
788
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Modern interior finishes include granite surfaces, stainless steel appliances, and tiled bathroom surrounds.
Where is this duplex located?
The property is located at 210 N State Ave Indianapolis, IN.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: New construction completed in 2026; Granite countertops and vanity tops; Stainless steel appliances included
