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Two-Unit Duplex, Rehabbed 2019-2020
For Sale
$189,899

2429 N Bolton Ave, Indianapolis, IN 46218

Brick two-unit duplex with two bedrooms per unit, both currently occupied, fully rehabbed in 2019-2020.

Property SizeContact for details
Days on Market71

Property Features for 2429 N Bolton Ave

General Information

Standard status Active
Property subtype Residential Income
Occupancy 100%

Additional Details

Asking Price $189,999

Building Details

Year Renovated 2020
Buildings 1
Construction brick
Tenancy Multi
Listing Agency: @properties
Listed By: Max Moore
Source: Exprealty
Added: Jun 23 Changed: Aug 28 Last Checked: Aug 31 at 12:30AM

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 @properties

Investment Insights

Based on property information with market context.

Brick two-unit duplex featuring two bedrooms and one bathroom per unit. The building was fully rehabbed in 2019-2020 with new flooring, drywall, and water heaters, and the roof was replaced within the last six to seven years. The structure sits on a clean concrete crawl space with thermal seal installed, along with relatively new crawl space plumbing that has performed without issue.

Both units are occupied, with historically low turnover and an average of one to two maintenance calls per year. Tenants pay their own utilities. In-place rents are currently below comparable levels for this corridor, and the property sold as-is.

Located on Indianapolis’ near east side in an established rental corridor, minutes from downtown Indianapolis. This duplex is one of thirteen buildings in a 17-unit Indianapolis rental portfolio that is available individually or as a package. Current rent roll and leases are available upon request.

Key Highlights

  • Two units, each with two bedrooms and one bathroom
  • Fully rehabbed in 2019‑2020 with new flooring, drywall, and water heaters
  • Roof replaced within the last six to seven years

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Dental Office Real Estate Agency Spa & Massage Center Parking Lot & Garage Gym & Fitness Center

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

100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

280
Businesses Nearby

Demographics for 46218, IN

30,400
Population
15,343
Households
2
Avg Household Size
36
Median Age
11%
College-Educated
80%
High-School Grad
9.5 sq mi
ZIP Area
3,200
Density / Sq Mi
$34,635
Median Household Income
$29,745
Median Earnings
$1,056
Median Rent
$90,200
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 - Brick two-unit duplex with two bedrooms per unit, both currently occupied, fully rehabbed in 2019-2020.
Where is this duplex located?
The property is located at 2429 N Bolton Ave Indianapolis, IN.
What is the asking price?
The asking price for this property is $189,899.
What are key features of this property?
This property features: Two units, each with two bedrooms and one bathroom; Fully rehabbed in 2019‑2020 with new flooring, drywall, and water heaters; Roof replaced within the last six to seven years
More about this property
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