End-Unit Live-Work
2449 Delaware St Indianapolis, IN 46205
2449 Delaware St, Indianapolis, IN, 46205
$700,000
Pending
For Sale
$700,000
Pending
End-unit loft offers multiple work areas, bedrooms, and full baths, plus a rooftop deck and fenced outdoor space.
Property Size3,978 SF
Days on Market84
Property Features for 2449 Delaware St
General Information
- Standard status
- Pending
- Size
- 3,978 SF
Listing agency
@properties
(317) 203-9529
Listed by
Christopher Chaulk
(317) 203-9529
Source
Exprealty
Added: Apr 30 Updated: Jul 22 at 11:12AM Checked: Jul 22 at 11:12AM
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.
This end-unit Douglas Pointe loft combines flexible workspace with residential comforts across multiple levels. The main level is configured with three separate work areas, along with a kitchen and a half bath. The second and third floors include two generously sized bedrooms, two full bathrooms, and a convenient laundry area, with the primary suite featuring a private balcony.
A finished basement adds further versatility, offering a third bedroom, storage space, a full bath, and a large additional area that can serve as another office, recreation room, fourth bedroom, or home gym. Outside, there is a fenced side and backyard with mature landscaping and a gas firepit, along with a 2.5-car garage.
The rooftop deck provides additional outdoor space with city views. The property is located just steps from Goose the Market, placing dining and everyday convenience nearby.
A finished basement adds further versatility, offering a third bedroom, storage space, a full bath, and a large additional area that can serve as another office, recreation room, fourth bedroom, or home gym. Outside, there is a fenced side and backyard with mature landscaping and a gas firepit, along with a 2.5-car garage.
The rooftop deck provides additional outdoor space with city views. The property is located just steps from Goose the Market, placing dining and everyday convenience nearby.
Key Highlights
- End‑unit Douglas Pointe Loft with multiple levels, including a finished basement for added flexibility
- Main level includes a kitchen and half bath, plus a workspace currently set up as three separate work areas
- 2nd and 3rd floors offer two bedrooms, two full bathrooms, and a dedicated laundry area
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $85.9k | $21.60 |
| − Vacancy | −$15.9k | −$4.00 |
| EGI | $70.0k | $17.60 |
| − OpEx | −$17.5k | −$4.40 |
| NOI | $52.5k | $13.20 |
3,978 SF · lease $21.60/SF/yr · vacancy 18.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$750.3K
$656.5K – $875.4K
NOI $52,522 @ 7.0% cap · market cap 7.50%
Second Best
Mixed Use
$690.5K
$604.2K – $805.6K
NOI $48,333 @ 7.0% cap · market cap 6.90%
Theoretical Best
Office A
$990.2K
$866.4K – $1.16M
NOI $69,313 @ 7.0% cap · market cap 9.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Live-work space
Similar For Sale Nearby
FAQs
What type of property is this?
Live-work space - End-unit loft offers multiple work areas, bedrooms, and full baths, plus a rooftop deck and fenced outdoor space.
Where is this live-work space located?
The property is located at 2449 Delaware St Indianapolis, IN.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: End‑unit Douglas Pointe Loft with multiple levels, including a finished basement for added flexibility; Main level includes a kitchen and half bath, plus a workspace currently set up as three separate work areas; 2nd and 3rd floors offer two bedrooms, two full bathrooms, and a dedicated laundry area
