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Duplex with Parkside Setting
New
For Sale
$204,900

301 E Southern Avenue, Indianapolis, IN 46225

Residential Income, Indianapolis, IN

Property SizeContact for details
Lot Size0.25 Acres
Days on Market5

Property Features for 301 E Southern Avenue

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 6
Bathrooms 4
Full bathrooms 4
Rooms Bedroom 1, Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 4, Bedroom 6, Bedroom 5, Basement, Bathroom 4, Bathroom 3, Bedroom 2
Basement Unfinished
Subdivision No Subdivision
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 491124131028000101
Lot size 0.25 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description Pt Sw1/4 S24 T15 R3 605.26' W Ne Cor P.O.B. W62' S178.43' E62' N178.43' To Beg 0.25 Ac
Tax Annual Amount 4646
Legal Description Pt Sw1/4 S24 T15 R3 605.26' W Ne Cor P.O.B. W62' S178.43' E62' N178.43' To Beg 0.25 Ac

Utilities

Heating system Natural Gas, Forced Air

Building Details

Year built 1920
Floors in Building 2
Number of units 2
Building materials Wood Siding
Roof type Asphalt
Architectural style Other
Listing Agency: CENTURY 21 Scheetz · Century 21 Real Estate
Listed By: Nathaniel Cromlich
Added: Oct 19 Changed: Oct 20 Last Checked: Oct 23 at 4:06PM
MLS# 22132262

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 contains two residences and sits on a 0.25-acre parcel. The building dates to 1920 and features wood siding, an asphalt roof, and forced-air heating fueled by natural gas. Room labels in the property include six bedrooms, four bathrooms, and a basement.

Garfield Park is directly adjacent to the property. Downtown Indianapolis is described as minutes away, with restaurants, shopping, entertainment, and commuter routes also noted in the surrounding area. The address is 301 E Southern Avenue in Indianapolis.

Key Highlights

  • Two residences, both occupied by long‑term tenants
  • 0.25‑acre parcel
  • Built in 1920

Property Analytics

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Lease Details

2
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

535
Businesses Nearby

Demographics for 46225, IN

6,503
Population
3,056
Households
2.1
Avg Household Size
35
Median Age
29%
College-Educated
81%
High-School Grad
4.0 sq mi
ZIP Area
1,626
Density / Sq Mi
$47,917
Median Household Income
$36,132
Median Earnings
$1,104
Median Rent
$123,600
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 - Two occupied residences offer established tenancy beside Garfield Park.
Where is this duplex located?
The property is located at 301 E Southern Avenue Indianapolis, IN.
What is the asking price?
The asking price for this property is $204,900.
What are key features of this property?
This property features: Two residences, both occupied by long‑term tenants; 0.25‑acre parcel; Built in 1920
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