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Side-by-Side Duplex with Parking
New
For Sale
$228,500

2326 N Alabama Street, Indianapolis, IN 46205

Residential Income, Indianapolis, IN

Property Size3,164 SF
Lot Size0.13 Acres
Price / SF$72.22
Days on Market5

Property Features for 2326 N Alabama Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 3
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 2, Basement, Bathroom 1, Bedroom 3, Bedroom 2, Bedroom 1
Subdivision Martinsdale Lincoln Park
Lot features Sidewalks, Mature Trees
Elementary school district Indianapolis Public Schools
Middle school district Indianapolis Public Schools
High school district Indianapolis Public Schools
Directions GPS Friendly
Special listing conditions Probate Listing
Standard status Active
APN 490625174099000101
Lot size 0.13 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description Martindales Lincoln Park Add 2nd Sec L7 B9
Tax Annual Amount 3384
Legal Description Martindales Lincoln Park Add 2nd Sec L7 B9

Utilities

Heating system Forced Air
Cooling system Central Air

Building Details

Year built 1915
Floors in Building 2
Number of units 2
Building materials Aluminum Siding, Brick
Roof type Shingle
Architectural style Craftsman
Listing Agency: Keller Williams Indpls Metro N · Keller Williams Realty
Listed By: Jason Rose
Added: Sep 23 Changed: Sep 24 Last Checked: Sep 27 at 2:06PM
MLS# 22127865

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 1915 Craftsman duplex contains 3,164 square feet arranged as two side-by-side residences, with three bedrooms and two full bathrooms in each unit. Original millwork and trim remain, while the shingle roof is in good condition. One residence is habitable; the other requires heating and cooling installation and comprehensive rehabilitation. The property includes aluminum siding and brick construction materials, along with a basement.

The 0.13-acre parcel has a 5,576-square-foot lot and a substantial rear parking pad reached from a clean alley, providing off-street parking for both residences. Located at 2326 N Alabama Street in Indianapolis, the property is within walking distance of Mass Ave, Tinker Street, and the Old Northside.

Key Highlights

  • Two‑unit duplex with 3,164 square feet total
  • Each unit includes 3 bedrooms and 2 full bathrooms
  • Built in 1915 with Craftsman architectural style

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Kitchen & Bath Showroom Big Box & Wholesale Store Furniture & Home Goods (Bike/Boat/Book/etc) Store Carpet & Flooring Store Locksmith

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

734
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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 - Two separate residences retain original millwork and include rear off-street parking accessed from an alley.
Where is this duplex located?
The property is located at 2326 N Alabama Street Indianapolis, IN.
What is the asking price?
The asking price for this property is $228,500.
What are key features of this property?
This property features: Two‑unit duplex with 3,164 square feet total; Each unit includes 3 bedrooms and 2 full bathrooms; Built in 1915 with Craftsman architectural style
More about this property
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