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Brick Duplex with Garage Bays
For Sale
$449,999

227 N Hamilton Avenue, Indianapolis, IN 46201

Residential Income, Indianapolis, IN

Property SizeContact for details
Lot Size0.12 Acres
Days on Market356

Property Features for 227 N Hamilton Avenue

General Information

Property type Residential Multi Family
Property subtype Duplex
Property condition Under Construction
Bedrooms 2
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 1
Exterior features Smart Lock(s)
Subdivision Johnson & Hogshire
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 491006106024000101
Lot size 0.12 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description Johnson & Hogshires E Wash St Add L114
Tax Annual Amount 234
Legal Description Johnson & Hogshires E Wash St Add L114

Utilities

Heating system Electric (Heating)
Cooling system Central Air

Amenities

in-unit laundry

Building Details

Year built 2025
Floors in Building 1
Number of units 2
Building materials Brick
Listing Agency: Crossroads Realty, LLC
Listed By: Nicole Crouch · License #RB14036446
Added: Oct 28, 2025 Changed: Oct 17 Last Checked: Oct 18 at 6:06AM
MLS# 22070516

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.

Under construction, this brick duplex is configured as two residences, each with 2 bedrooms and 2 bathrooms. The interiors feature open living areas, LVP flooring, stainless steel appliances, granite countertops, and in-unit laundry. Each residence has its own garage bay, and the property includes central air conditioning, electric heat, and smart locks.

The property occupies a 0.12-acre lot in Indianapolis. Its recorded year built is 2025.

Key Highlights

  • Two residences, each with 2 bedrooms and 2 bathrooms
  • Each unit has a dedicated garage bay
  • Brick construction; property is under construction

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Spa & Massage Center (Bike/Boat/Book/etc) Store Hair Salon Nail Salon Cafe & Coffee Shop Accounting Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

712
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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 offers two bedrooms, two bathrooms, in-unit laundry, and an individual garage bay.
Where is this duplex located?
The property is located at 227 N Hamilton Avenue Indianapolis, IN.
What is the asking price?
The asking price for this property is $449,999.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 2 bathrooms; Each unit has a dedicated garage bay; Brick construction; property is under construction
More about this property
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