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Renovated 2-Unit Duplex

2223 Prospect Street, Indianapolis, IN 46203

For Sale
$289,900

Residential Income, Indianapolis, IN

Property SizeContact for details
Lot Size0.12 Acres
Days on Market52

Property Features for 2223 Prospect Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 6
Bathrooms 4
Full bathrooms 4
Rooms Bedroom 4, Bedroom 5, Bathroom 4, Basement, Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 6, Bedroom 3, Bedroom 1, Bathroom 3
Basement Unfinished, Partial
Subdivision Dennys Prospect Street
Lot features Access
Elementary school district Indianapolis Public Schools
Middle school district Indianapolis Public Schools
High school district Indianapolis Public Schools
Directions GPS Friendly
Standard status Active
APN 491018178009000101
Lot size 0.12 Acres

Additional Details

Tenant in Place Yes
Individually Metered Utilities all utilities

Taxes and HOA fees

Tax Year 2025
Tax Description William C Dennys Prospect Street Add L137
Tax Annual Amount 5338
Legal Description William C Dennys Prospect Street Add L137

Utilities

Heating system Forced Air
Cooling system Central Air

Building Details

Year built 1920
Floors in Building 2
Number of units 2
Building materials Vinyl With Brick
Listing Agency: Keller Williams Indpls Metro N · Keller Williams Realty
Listed By: Peter Stewart · License IN RB15000083
Added: Sep 24 Changed: Nov 4 Last Checked: Nov 14 at 1:06AM
MLS# 22127423

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.

Built in 1920, this side-by-side duplex contains two residences, each with 1,362 square feet, three bedrooms and one-and-a-half bathrooms. Both units received renovations in 2022 and have two-story layouts, central heating and air conditioning, and partial unfinished basements. Kitchens include updated cabinetry and stainless steel appliances, with laundry hookups. The property occupies a 0.12-acre lot, and utilities are separately metered and paid by tenants.

One unit is leased through 10/31/27, while the second is vacant. Heating equipment differs between the units: one has a 2025 furnace and 2022 air conditioning, and the other has an approximately 10-year-old furnace and 2022 air conditioning. Metal cages protect both outdoor condenser units.

Key Highlights

  • Two side‑by‑side residences, each with 1,362 square feet
  • Each unit has 3 bedrooms and 1.5 bathrooms
  • Both residences renovated in 2022; property built in 1920

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

Properties on Market for Duplexes in Indianapolis

Jul
Aug
Sep
Oct

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 with three bedrooms and one-and-a-half baths.
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 $289,900.
What are key features of this property?
This property features: Two side‑by‑side residences, each with 1,362 square feet; Each unit has 3 bedrooms and 1.5 bathrooms; Both residences renovated in 2022; property built in 1920
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