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Two-Unit Duplex with Airbnb Operation

3201 Sutherland Ave, Indianapolis, IN 46205

For Sale
New
$235,000

One residence is furnished and operating as a short-term rental, while the other is vacant and available for occupancy or leasing.

Property Size7,275 SF
Price / SF$32.30
Days on Market2

Property Features for 3201 Sutherland Ave

General Information

Standard status Active
Size 7,275 SF
Property subtype Multi-Family

Site & Location

Neighborhood Mapleton / Fall Creek

Units

Unit Mix 2 x 2BR/1BA
Multifamily Units 2

Additional Details

Furnished Yes
Business Included Yes
Currently Operating Yes

Building Details

Year Built 1910
Buildings 1
Listing Agency: Coldwell Banker Martin Miller Lamb
Listed By: Streamlined Realty
Source: Streamlinedrealty
Added: Nov 8 Changed: Nov 9 Last Checked: Nov 8 at 4:29AM

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 Coldwell Banker Martin Miller Lamb

Rey
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Investment Insights

Based on property information with market context.

This Indianapolis duplex, built in 1910, contains two 2-bedroom, 1-bath units. One unit is furnished and operating as an Airbnb. The second unit is vacant; it previously served as an Airbnb and later as a long-term rental. Furniture, appliances, and inventory are included with the sale, along with two months of coaching and co-hosting assistance for the new owner.

The property is approximately 10 minutes from downtown Indianapolis. Access to the operating short-term rental for showings depends on guest bookings, with viewing dates coordinated through the listing agent.

Key Highlights

  • Two 2‑bedroom, 1‑bath units
  • One unit currently operates as an Airbnb
  • Second unit is vacant and can be occupied or leased

Property Analytics

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Lease Details

2
Residential units
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

367
Businesses Nearby

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
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Market

Properties on Market for Duplexes in Indianapolis

Jul
Aug
Sep
Oct

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 - One residence is furnished and operating as a short-term rental, while the other is vacant and available for occupancy or leasing.
Where is this duplex located?
The property is located at 3201 Sutherland Ave 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 2‑bedroom, 1‑bath units; One unit currently operates as an Airbnb; Second unit is vacant and can be occupied or leased
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