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Two-Unit Duplex
For Sale
$69,000

2942-2944 E Michigan Street, Indianapolis, IN 46201

Residential Income, Indianapolis, IN

Property SizeContact for details
Lot Size0.05 Acres
Days on Market18

Property Features for 2942-2944 E Michigan Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 4
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 3, Bathroom 1, Basement, Bedroom 4, Bathroom 2, Bedroom 1, Bedroom 2
Parking features On Street
Basement Unfinished
Subdivision No Subdivision
Lot features Access, Sidewalks, Street Lights, Mature Trees, Trees- Small ( Under 20 Ft)
High school Arsenal Technical High School
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 491005194076000101
Lot size 0.05 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description 2942 E Michigan St Condominiums Unit A, 2942 E Michigan St Condominiums Unit B
Tax Annual Amount 4150
Legal Description 2942 E Michigan St Condominiums Unit A, 2942 E Michigan St Condominiums Unit B

Building Details

Year built 1920
Floors in Building 2
Number of units 2
Building materials Block, Wood Siding
Architectural style Other
Listing Agency: Keller Williams Indy Metro Partners · Keller Williams Realty
Listed By: Chris Price · License #RB12050267
Added: Sep 29 Changed: Oct 16 Last Checked: Oct 16 at 2:06PM
MLS# 22126954

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.

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Investment Insights

Based on property information with market context.

This duplex was built in 1920 and sits on a 0.0518-acre lot. Construction includes block and wood siding, and parking is available on the street. The property has two residential units, with room details listing four bedrooms and two bathrooms in total.

Restaurants, shopping, and everyday services are located nearby, with access to the broader Indianapolis area.

Key Highlights

  • Two residential units
  • Built in 1920
  • 0.0518‑acre lot

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Spa & Massage Center Skin Care Clinic Nail Salon (Bike/Boat/Book/etc) Store Parking Lot & Garage Accounting Firm

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

2
Residential units

Location Intelligence

Trade Area within ½ mile

702
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

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 - The property contains two residential units and offers on-street parking.
Where is this duplex located?
The property is located at 2942-2944 E Michigan Street Indianapolis, IN.
What is the asking price?
The asking price for this property is $69,000.
What are key features of this property?
This property features: Two residential units; Built in 1920; 0.0518‑acre lot
More about this property
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