Two-Story
For Sale
$330,000
3011 Boulevard, Indianapolis, IN 46208
Residential Income, Indianapolis, IN
Property Size2,548 SF
Lot Size0.12 Acres
Price / SF$129.51
Days on Market10
Property Features for 3011 Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 3, Bedroom 2, Bathroom 1, Basement, Bathroom 2
Exterior features
Lighting
Basement
Full
Subdivision
Boulevard
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
490623153001000101
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Hyde Park L62
Tax Annual Amount
5744
Legal Description
Hyde Park L62
Utilities
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Building Details
Year built
1925
Floors in Building
2
Number of units
2
Roof type
Asphalt
Architectural style
Colonial, Craftsman
Listing Agency:
eXp Realty, LLC
(888) 611-3912
Listed By:
James Canull · License #RB14050789
(317) 418-7076
Added: Oct 7
Changed: Oct 10
Last Checked: Oct 16 at 6:06AM
MLS# 22129687
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 Indianapolis duplex dates to 1925 and is configured across two stories. The room details include three bedrooms, two bathrooms, and a basement. Central air conditioning and natural gas forced-air heating serve the property.
The parcel measures 0.12 acres, with a listed lot area of 5,227 square feet. Exterior lighting is also present.
The parcel measures 0.12 acres, with a listed lot area of 5,227 square feet. Exterior lighting is also present.
Key Highlights
- Duplex configuration with two stories
- Built in 1925
- Three bedrooms and two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,892
Cap Rate
8.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$537,840
$537.8K
Cap Rate 7%
$384,171
$384.2K
Cap Rate 9%
$298,800
$298.8K
Market Conditions
NOI Build-Up for 2,548 SF
Gross rent
$41.3K $16.20/SF
− Vacancy
−$2.9K −$1.12/SF
EGI
$38.4K $15.08/SF
− OpEx
−$11.5K −$4.52/SF
NOI
$26.9K $10.55/SF
Area
Indianapolis, IN
Vacancy
6.93%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$537,840
Cap Rate 7%
$384,171
Cap Rate 9%
$298,800
Alternative Uses
Best Use
Multifamily LT 5
$384.2K
$336.2K – $448.2K
NOI $26,892 @ 7.0% cap · market cap 8.15%
Second Best
Apartment 5plus
$334.1K
$292.3K – $389.7K
NOI $23,384 @ 7.0% cap · market cap 7.09%
Theoretical Best
Office A
$634.2K
$555.0K – $739.9K
NOI $44,396 @ 7.0% cap · market cap 13.45%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
664
Businesses Nearby
Explore this area
Business Placement
Demographics for 46208, IN
23,996
Population
11,619
Households
2.1
Avg Household Size
31
Median Age
40%
College-Educated
93%
High-School Grad
6.9 sq mi
ZIP Area
3,478
Density / Sq Mi
$55,435
Median Household Income
$34,125
Median Earnings
$1,075
Median Rent
$206,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two dwelling units are arranged across two stories, with a basement and outdoor lot space.
Where is this duplex located?
The property is located at 3011 Boulevard Indianapolis, IN.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: Duplex configuration with two stories; Built in 1925; Three bedrooms and two bathrooms
