2629 E Michigan Street, Indianapolis, IN 46201
- Added:
- Dec 2, 2025
- Days on Market:
- 200
- Last Refresh:
- Jun 20 at 7:06 am
Property Features for 2629 E Michigan Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Standard status
- Pending
- APN
- 491005187143000101
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- 2629 E Michigan St Condominiums Unit A
Utilities
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 2
Listing agent Ely Berger License #RB25001754 (317) 900-6015
Listing office The Modglin Group S Emerson Ave Ste 120 432, Greenwood, IN (317) 865-9400
Listing date Dec 2, 2025
Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Newly renovated duplex at 2629 E Michigan St in Indianapolis, IN with two 4‑bedroom units
- 2,132 sq ft of living space on a 4,922 sq ft lot
- Unfinished basement for storage or potential additional space
- Each unit features kitchen updates with shaker‑style cabinets and a stylish backsplash
- Bathrooms include tiled walk‑in showers
- Covered front porch and fenced backyard
Overview
Set on a 4,922 sq ft lot, the duplex totals 2,132 sq ft of living space. The configuration is built for separate occupancy, making it straightforward to rent one side while living on the other. The home’s renovations and thoughtful interior upgrades help reduce the gap between “move-in” and “updates,” with the basement adding flexible space for organization or future finishing considerations.
For investors, the layout supports having two distinct, four-bedroom rental options under one roof. For owner-occupants, the duplex format allows you to use one unit as your residence while renting the other to help offset housing costs. With updated kitchens and bathrooms, plus exterior areas that include a covered porch and fenced yard, this property is positioned as a practical, ready-to-enjoy duplex for either strategy.
Local Financial Insights For Multifamily LT 5
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 | $34.5k | $16.20 |
| − Vacancy | −$2.4k | −$1.12 |
| EGI | $32.1k | $15.08 |
| − OpEx | −$9.6k | −$4.52 |
| NOI | $22.5k | $10.55 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Indianapolis
- County
- Hamilton
- State
- Indiana
- Longitude
- -86.118114
- Latitude
- 39.774265