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Renovated Side-by-Side Duplex
For Sale
$299,000

2223 Prospect Street, Indianapolis, IN 46203

Each residence has a two-story layout, laundry hookups, and separately metered utilities.

Property SizeContact for details
Days on Market37

Property Features for 2223 Prospect Street

General Information

Standard status Active
Property subtype Duplex

Site & Location

Neighborhood Fountain Square
Utilities to Site Yes

Units

Multifamily Units 2
Individually Metered Utilities all utilities

Additional Details

Gross Income $15,000
Tenant in Place Yes

Building Details

Year Built 1920
Year Renovated 2022
Buildings 1
Stories 2
Listing Agency: Keller Williams Indpls Metro N
Listed By: Peter Stewart · License #RB15000083
Source: Anniescottrealty
Added: Sep 24 Changed: Oct 26 Last Checked: Oct 26 at 3:05PM

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 Keller Williams Indpls Metro N

Rey
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Investment Insights

Based on property information with market context.

This side-by-side duplex contains two matching two-story residences, each with 3 bedrooms, 1.5 bathrooms, and 1,362 square feet. Both were renovated in 2022 and include a living room, formal dining area, kitchen with stainless steel appliances, laundry hookups, and a partial unfinished basement for storage. Central heating and air conditioning serve each unit. The building dates to 1920.

One residence is leased through 10/31/27, while the other is vacant. Utilities are separately metered and paid by tenants. The property is in Indianapolis’ Fountain Square area, near downtown, restaurants, entertainment, hospitals, universities, and major employers.

Key Highlights

  • Two side‑by‑side units, each with 3 bedrooms, 1.5 bathrooms, and 1,362 sq ft
  • Both residences renovated in 2022; building constructed in 1920
  • One unit leased through 10/31/27; second unit is vacant

Property Analytics

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Lease Details

2
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

442
Businesses Nearby

Demographics for 46203, IN

38,224
Population
18,057
Households
2.1
Avg Household Size
34
Median Age
26%
College-Educated
79%
High-School Grad
13.9 sq mi
ZIP Area
2,750
Density / Sq Mi
$55,375
Median Household Income
$40,620
Median Earnings
$1,022
Median Rent
$155,500
Median Home Value
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Each residence has a two-story layout, laundry hookups, and separately metered utilities.
Where is this duplex located?
The property is located at 2223 Prospect Street Indianapolis, IN.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Two side‑by‑side units, each with 3 bedrooms, 1.5 bathrooms, and 1,362 sq ft; Both residences renovated in 2022; building constructed in 1920; One unit leased through 10/31/27; second unit is vacant
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