8-Bedroom
22 N Euclid Avenue, Indianapolis, IN 46201
For Sale
$375,000
Residential Income, Indianapolis, IN
Property Size2,538 SF
Lot Size0.13 Acres
Price / SF$147.75
Days on Market54
Property Features for 22 N Euclid Avenue
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
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Subdivision
Lot features
Elementary school district
Middle school district
High school district
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Additional Details
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Building Details
Year built
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Number of units
Building materials
Architectural style
Buildings
Listing Agency:
eXp Realty, LLC
Listed By:
James Canull · License IN RB14050789
(888) 611-3912
Added: Sep 22
Changed: Nov 10
Last Checked: Nov 14 at 12:06AM
MLS# 22127527
Copyright © 2026 Broker Listing Cooperative®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1910 two-story duplex contains 2,538 square feet, with eight bedrooms and three bathrooms across the two residences. Vinyl siding and brick are listed among the construction materials, and the property occupies a 5,445-square-foot lot, or 0.13 acres. Both units are leased, and advance notice is required for showings because tenants occupy the property.
Key Highlights
- Two‑story duplex built in 1910
- Eight bedrooms and three bathrooms across the property
- 2,538 square feet on a 5,445‑square‑foot lot (0.13 acres)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,786
Cap Rate
7.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$535,720
$535.7K
Cap Rate 7%
$382,657
$382.7K
Cap Rate 9%
$297,622
$297.6K
Market Conditions
NOI Build-Up for 2,538 SF
Gross rent
$41.1K $16.20/SF
− Vacancy
−$2.8K −$1.12/SF
EGI
$38.3K $15.08/SF
− OpEx
−$11.5K −$4.52/SF
NOI
$26.8K $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%
$535,720
Cap Rate 7%
$382,657
Cap Rate 9%
$297,622
Alternative Uses
Best Use
Multifamily LT 5
$382.7K
$334.8K – $446.4K
NOI $26,786 @ 7.0% cap · market cap 7.14%
Second Best
Apartment 5plus
$332.7K
$291.2K – $388.2K
NOI $23,292 @ 7.0% cap · market cap 6.21%
Theoretical Best
Office A
$631.7K
$552.8K – $737.0K
NOI $44,222 @ 7.0% cap · market cap 11.79%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
344
Businesses Nearby
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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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Market
Properties on Market for Duplexes in Indianapolis
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two leased residences occupy a two-story building with separate living areas.
Where is this duplex located?
The property is located at 22 N Euclid Avenue Indianapolis, IN.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Two‑story duplex built in 1910; Eight bedrooms and three bathrooms across the property; 2,538 square feet on a 5,445‑square‑foot lot (0.13 acres)
