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Renovated 2-Unit Duplex

216 S Emerson Avenue, Indianapolis, IN 46219

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For Sale

$219,000

MULTI_FAMILY - Indianapolis, IN

Lot size:

0.13 Acres

HighLights

Duplex with two 2‑bed/1‑bath units
Upstairs unit occupied at $925/month on a month‑to‑month basis
Downstairs unit is vacant with rent‑ready renovations for immediate lease‑up
Separate electrical meters for each unit
Heating includes forced air, baseboard, and natural gas
On‑site features include storage and alley parking

We can help!

Contact an agent

Mihir Bhimaraju

For Sale

$219,000

MULTI_FAMILY - Indianapolis, IN

Lot size:

0.13 Acres

Added:: May 1, 2026
Days on Market:: 68
Last Refresh:: Jul 7 at 11:06 pm

Property Features for 216 S Emerson Avenue

General Information

Property type: Residential Multi Family
Property subtype: Other
Rooms: Basement
Parking features: Alley
Exterior features: Storage
Basement: Interior Entry, Unfinished
Standard status: Active
APN: 491009150001000101
Lot size: 0.13 Acres

Taxes and HOA fees

Tax Year: 2025
Tax Description: H J Weesners Add L4

Utilities

Heating system: Forced Air, Baseboard, Natural Gas

Building Details

Year built: 1900
Floors in Building: 2
Number of units: 2
Building materials: Wood Brick
Additional Structures: Storage

We can help!

Contact an agent

Mihir Bhimaraju

Listing agent Mihir Bhimaraju License #RB23001946

Listing office Real Broker, LLC Lantern Rd Ste 275 10150, INDIANAPOLIS, IN

Listing date May 1, 2026

MLS# 22098346 Listing URL

HighLights

Duplex with two 2‑bed/1‑bath units
Upstairs unit occupied at $925/month on a month‑to‑month basis
Downstairs unit is vacant with rent‑ready renovations for immediate lease‑up
Separate electrical meters for each unit
Heating includes forced air, baseboard, and natural gas
On‑site features include storage and alley parking

Overview

This newly renovated duplex offers two separate 2-bedroom, 1-bath units. Each unit has separate electrical meters, which can help streamline utilities between households. The upstairs unit is currently occupied on a month-to-month basis, and the downstairs unit is vacant and presented as rent-ready, allowing for an immediate leasing opportunity.

Located at 216 S Emerson Avenue in Indianapolis, the property benefits from high visibility along Emerson Avenue. It also offers easy access to downtown Indianapolis, approximately 10 minutes away, with nearby dining, retail, and entertainment referenced in the Irvington district.

The layout suits tenants or owners seeking a straightforward income property with two distinct rental spaces. For investors, the combination of an occupied unit and a vacant, renovated unit supports a practical stabilization path toward market rent expectations cited at $1,150 to $1,200. For owner-occupants, the two-unit configuration can also support a house-hack approach by living in one unit while leasing the other to help offset housing costs.

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

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Local Demand

City: Indianapolis
County: Hamilton
State: Indiana
Longitude: -86.083311
Latitude: 39.766689

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For sale
Duplexes
IN
Indianapolis
46219
216 S Emerson Avenue

What type of property is this?

Duplex - Renovated duplex with two 2BR/1BA units, separate electrical meters, one occupied and one rent-ready for immediate lease-up.

Where is this duplex located?

The property is located at 216 S Emerson Avenue Indianapolis, IN.

What is the asking price?

The asking price for this property is $219,000.

What are key features of this property?

This property features: Duplex with two 2‑bed/1‑bath units; Upstairs unit occupied at $925/month on a month‑to‑month basis; Downstairs unit is vacant with rent‑ready renovations for immediate lease‑up

216 S Emerson Avenue, Indianapolis, IN 46219

MULTI_FAMILY - Indianapolis, IN

Property Features for 216 S Emerson Avenue

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Restaurant/QSR With Drive-Thru Potential

Hard-Corner Retail/Office Building

Elevator-Served Mixed-Use Building

Flexible Office Building with Detached Garage

Industrial Flex with Multiple Overhead Doors

Renovated Office Flex Complex

Heavy Industrial Dock-High Warehouse

Corner Two-Tenant Retail and Auto Site

Multi-Office Building with Private Parking

Two-Level Office Building with Conference Rooms

Auto Shop with Paint Booth

Four-Unit Retail Value-Add Property

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