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Vacant Duplex

253-255 N Gray Street, Indianapolis, IN 46201

For Sale
New
$229,900

Residential Income, Indianapolis, IN

Property SizeContact for details
Lot Size0.05 Acres
Days on Market4

Property Features for 253-255 N Gray Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 3
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 1, Bedroom 2, Bedroom 3, Basement, Bathroom 2, Bedroom 1
Subdivision Kealing Place
Lot features Curbs
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 491005177001000101
Lot size 0.05 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description Kealing Place 5.85Ft X 55Ft Nw Cor L14 55Ft Wend L15
Tax Annual Amount 3822
Legal Description Kealing Place 5.85Ft X 55Ft Nw Cor L14 55Ft Wend L15

Building Details

Year built 1920
Number of units 2
Building materials Aluminum Siding
Listing Agency: Wilmoth Group
Listed By: Maxwell Richter · License #RB15000880
Added: Nov 6 Last Checked: Nov 9 at 7:06AM
MLS# 22135476

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.

Rey
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Investment Insights

Based on property information with market context.

This 1920-built duplex has two vacant residences, each configured with three bedrooms and one-and-a-half bathrooms. Both sides have received updates and feature clean, contemporary finishes. Aluminum siding completes the exterior.

The property occupies a 0.05-acre lot at 253-255 N Gray Street in Indianapolis, Indiana.

Key Highlights

  • Two vacant residences, each with 3 bedrooms and 1.5 bathrooms
  • Updated finishes in both units
  • Built in 1920

Property Analytics

Who owns this building? See the owner, sales and loan history
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Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

516
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

Properties on Market for Duplexes in Indianapolis

Jul
Aug
Sep
Oct

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 three bedrooms and one-and-a-half bathrooms, with updated finishes throughout.
Where is this duplex located?
The property is located at 253-255 N Gray Street Indianapolis, IN.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: Two vacant residences, each with 3 bedrooms and 1.5 bathrooms; Updated finishes in both units; Built in 1920
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