Side-by-Side Duplex Investment Property

3102 Central Avenue Indianapolis, IN 46205

New

For Sale

$249,000

MULTI_FAMILY - Other - Indianapolis, IN

Lot size:

0.08 Acres

For Sale

$249,000

MULTI_FAMILY - Other - Indianapolis, IN

Lot size:

0.08 Acres

Added:: Jul 9, 2026
Days on Market:: 4
Last Refresh:: Jul 12 at 5:06 pm

Property Features for 3102 Central Avenue

General Information

Property type: Residential Multi Family
Property subtype: Other
Rooms: Basement
Basement: Unfinished
Standard status: Active
APN: 490624116041000101
Lot size: 0.08 Acres

Taxes and HOA fees

Tax Year: 2024
Tax Description: Osgoods 1st Central Ave Add 90' E End L16

Utilities

Heating system: Forced Air
Cooling system: Window Unit(s)

Building Details

Year built: 1910
Floors in Building: 3
Number of units: 2
Building materials: Vinyl With Brick
Roof type: Asphalt
Architectural style: Other

Listing agent Peter Stewart License #RB15000083

Listing office Keller Williams Indpls Metro N N Meridian St Ste 200 11595, Carmel, IN

Listing date Jul 9, 2026

MLS# 22112664 Listing URL

Investment Insights

Based on property information with market context.

This 1910 side-by-side duplex contains two mirrored units, each offering three bedrooms and 1.5 bathrooms across multiple levels. The main floors feature an open-concept layout with high ceilings and decorative fireplaces. Additional in-unit features include upper-level laundry, full unfinished basements, and third-floor bonus or flex rooms. Each unit includes a rare attached garage, and the property was cosmetically updated in 2022 with updates to kitchens, baths, and flooring. Roof, furnaces, and water heaters are older but reportedly functioning properly, with the 3104 water heater approximately five years old. The duplex is sold as-is.

Located in Indianapolis, the property sits in a D-8 zone between Downtown and Broad Ripple. The surrounding area provides convenient access to IU Health, 16 Tech, the Monon Trail, State Fairgrounds, Newfields, Butler & Marian College, and the Children’s Museum.

For buyers seeking an income-producing multifamily with in-place tenancy, the duplex is fully occupied and professionally managed by Polaris. Tenants pay utilities, and leases are in place running into the mid-to-late 2027 timeframe. Practical improvement potential noted by the seller includes adding central AC using existing ductwork. Buyers should review all lease terms and operating details as part of their due diligence.

Key Highlights

1910 side‑by‑side duplex with vinyl with brick exterior and asphalt shingle roof
Each mirrored unit offers 3BR/1.5BA with approximately 1,700 sq ft across multiple levels
Fully occupied duplex with tenant‑paid utilities; leases run into mid‑to‑late 2027

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

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For sale
Duplexes
IN
Indianapolis
46205
3102 Central Avenue

What type of property is this?

Duplex - Turnkey side-by-side duplex with updated interiors 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 $249,000.

What are key features of this property?

This property features: 1910 side‑by‑side duplex with vinyl with brick exterior and asphalt shingle roof; Each mirrored unit offers 3BR/1.5BA with approximately 1,700 sq ft across multiple levels; Fully occupied duplex with tenant‑paid utilities; leases run into mid‑to‑late 2027

3102 Central Avenue Indianapolis, IN 46205

MULTI_FAMILY - Other - Indianapolis, IN

Property Features for 3102 Central Avenue

General Information

Taxes and HOA fees

Utilities

Building Details

Investment Insights

Key Highlights

Property Analytics

Current Use by Public Records

Suggested Use

Similar For Sale Nearby

Office Building with Monument Sign

Restaurant/QSR With Drive-Thru Potential

Hard-Corner Retail/Office Building

Elevator-Served Mixed-Use Building

Flexible Office Building with Detached Garage

Renovated Office Flex Complex

Industrial Flex with Multiple Overhead Doors

Corner Two-Tenant Retail and Auto Site

Multi-Office Building with Private Parking

Two-Level Office Building with Conference Rooms

Auto Shop with Paint Booth

Four-Unit Retail Value-Add Property

FAQs