Updated Side-by-Side
For Sale
$235,000
3102 Central Avenue, Indianapolis, IN 46205
Fully occupied two-unit property with tenant-paid utilities, professional management, and leases extending into 2027.
Property SizeContact for details
Days on Market54
Property Features for 3102 Central Avenue
General Information
Standard status
Active
Property subtype
Duplex
Zoning
D-8
Occupancy
100%
Financials
Gross Income
$26,280
Average Monthly Rent
$1,095
Units
Unit Mix
2 x 3BR/1.5BA
Multifamily Units
2
Amenities
decorative fireplace
upper-level laundry
full unfinished basement
third-floor bonus/flex room
attached garage
Window Unit(s)
Forced Air
Asphalt
Building Details
Year Built
1910
Year Renovated
2022
Buildings
1
Listing Agency:
Keller Williams Indianapolis Metro North
(317) 450-9202
Listed By:
Peter Stewart · License #RB15000083
(317) 450-9202
Source:
Kw
Added: Jul 10
Changed: Aug 31
Last Checked: Aug 31 at 1:30AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Indianapolis Metro North
Investment Insights
Based on property information with market context.
Built in 1910, this side-by-side duplex contains two mirrored three-bedroom, one-and-a-half-bath units of approximately 1,700 square feet each. Both residences span multiple levels and include open main living areas with high ceilings, decorative fireplaces, upper-level laundry, unfinished basements, third-floor bonus or flex rooms, and attached garages. Kitchens, bathrooms, flooring, and other cosmetic elements were updated in 2022. Existing forced-air systems and window units serve the property, while central AC could be added to the existing ductwork.
The duplex is fully occupied, with tenant-paid utilities and leases extending into mid-to-late 2027. Professional management is currently provided by Polaris. The property is located at 3102 Central Avenue in Indianapolis, within a D-8 zone between Downtown and Broad Ripple. Nearby destinations identified in the property information include IU Health, 16 Tech, the Monon Trail, State Fairgrounds, Newfields, Butler and Marian College, and the Children's Museum.
The duplex is fully occupied, with tenant-paid utilities and leases extending into mid-to-late 2027. Professional management is currently provided by Polaris. The property is located at 3102 Central Avenue in Indianapolis, within a D-8 zone between Downtown and Broad Ripple. Nearby destinations identified in the property information include IU Health, 16 Tech, the Monon Trail, State Fairgrounds, Newfields, Butler and Marian College, and the Children's Museum.
Key Highlights
- Two mirrored 3BR/1.5BA units, approximately 1,700 sq ft each
- Cosmetic improvements completed in 2022, including kitchens, baths, and flooring
- Each unit includes an attached garage, unfinished basement, and third‑floor bonus or flex room
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
716
Businesses Nearby
Explore this area
Business Placement
Demographics for 46205, IN
27,531
Population
14,756
Households
1.9
Avg Household Size
34
Median Age
51%
College-Educated
93%
High-School Grad
6.2 sq mi
ZIP Area
4,440
Density / Sq Mi
$65,756
Median Household Income
$48,138
Median Earnings
$1,087
Median Rent
$278,000
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 - Fully occupied two-unit property with tenant-paid utilities, professional management, and leases extending into 2027.
Where is this duplex located?
The property is located at 3102 Central Avenue Indianapolis, IN.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Two mirrored 3BR/1.5BA units, approximately 1,700 sq ft each; Cosmetic improvements completed in 2022, including kitchens, baths, and flooring; Each unit includes an attached garage, unfinished basement, and third‑floor bonus or flex room
