Updated Three-Bedroom
New
For Sale
$259,900
253 N Gray Street, Indianapolis, IN 46201
Residential Income, Indianapolis, IN
Property SizeContact for details
Lot Size0.05 Acres
Days on Market1
Property Features for 253 N Gray Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
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
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
(317) 842-3400
Listed By:
Maxwell Richter · License #RB15000880
(317) 842-6780
Added: Aug 31
Last Checked: Aug 31 at 11:06PM
MLS# 22123479
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 residential property offers three bedrooms and one-and-a-half bathrooms in each side. Both units are vacant and have received updates, including clean, contemporary interior finishes. The building also includes basement space and aluminum siding, with original construction dating to 1920.
Situated at 253 N Gray Street in Indianapolis, the property occupies a 0.05-acre lot within the 46201 ZIP code. Its duplex layout provides two separately configured residences in one building, while the current vacancy allows the next owner to determine the operating plan for each side.
Situated at 253 N Gray Street in Indianapolis, the property occupies a 0.05-acre lot within the 46201 ZIP code. Its duplex layout provides two separately configured residences in one building, while the current vacancy allows the next owner to determine the operating plan for each side.
Key Highlights
- Two‑unit layout with 3 bedrooms and 1.5 bathrooms per side
- Both residences are vacant
- Updated interiors with modern finishes
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
516
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Vacant two-unit property with refreshed interiors, basement space, and aluminum siding.
Where is this duplex located?
The property is located at 253 N Gray Street Indianapolis, IN.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: Two‑unit layout with 3 bedrooms and 1.5 bathrooms per side; Both residences are vacant; Updated interiors with modern finishes
