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Renovated Two-Unit Duplex
For Sale
$300,000

2321 Guilford Avenue, Indianapolis, IN 46205

Residential Income, Indianapolis, IN

Property SizeContact for details
Lot Size0.13 Acres
Days on Market270

Property Features for 2321 Guilford Avenue

General Information

Property type Residential Multi Family
Property subtype Duplex
Rooms Basement
Parking features Alley, On Street
Exterior features Lighting
Fencing Chain Link, Privacy
Basement Storage Space, Daylight, Interior Entry, Unfinished, Partial
Subdivision Reagan Park
Lot features City Lot, Curbs, Sidewalks, Storm Sewer, Street Lights, Trees- Small ( Under 20 Ft)
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 490625187092000101
Lot size 0.13 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description Reagan Park Add L126
Legal Description Reagan Park Add L126

Utilities

Heating system Forced Air, Natural Gas
Cooling system Central Air

Building Details

Year built 1920
Floors in Building 2
Number of units 2
Architectural style Other
Listing Agency: Mark Dietel Realty, LLC
Listed By: Connor Jones · License #RB22001638
Added: Dec 5, 2025 Changed: Sep 1 Last Checked: Sep 1 at 6:06AM
MLS# 22075538

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.

Investment Insights

Based on property information with market context.

This two-unit duplex includes a 3-bedroom, 1.5-bath residence on each side. Both units are vacant, and recent improvements include new LVP flooring, replacement of the water supply line, refreshed exterior siding, and comprehensive grounds cleanup. Heating is provided by forced-air natural-gas systems, with central air conditioning in each unit. The property was built in 1920 and occupies a 0.13-acre lot with privacy and chain-link fencing, lighting, and on-street and alley parking.

The duplex is located near the Monon Trail in Indianapolis, with walking and biking access to Bottleworks, downtown, Ivy Tech, and the Fall Creek Greenway. The surrounding area also includes the M30 Collective along the Monon and 30th Street corridor, while planned Monon Trail expansion and the future IU Health hospital campus are identified nearby.

Key Highlights

  • Two‑unit duplex with 3‑bedroom, 1.5‑bath layouts on both sides
  • Both units vacant with new LVP flooring
  • Water supply line replacement, exterior siding updates, and grounds cleanup completed

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Dental Office Pharmacy HVAC Service Kitchen & Bath Showroom Accounting Firm Nail Salon

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

Location Intelligence

Trade Area within ½ mile

422
Businesses Nearby

Demographics for 46205, IN

27,531
Population
14,756
Households
1.9
Avg Household Size
34
Median Age
51%
College-Educated
93%
High-School Grad
6.2 sq mi
ZIP Area
4,440
Density / Sq Mi
$65,756
Median Household Income
$48,138
Median Earnings
$1,087
Median Rent
$278,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Vacant duplex with updated interiors, central air, natural-gas heat, and alley access.
Where is this duplex located?
The property is located at 2321 Guilford Avenue Indianapolis, IN.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Two‑unit duplex with 3‑bedroom, 1.5‑bath layouts on both sides; Both units vacant with new LVP flooring; Water supply line replacement, exterior siding updates, and grounds cleanup completed
More about this property
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