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Duplex with Airbnb Unit

3201 Sutherland Avenue, Indianapolis, IN 46205

For Sale
New
$235,000

Residential Income, Indianapolis, IN

Property SizeContact for details
Lot Size0.17 Acres
Days on Market4

Property Features for 3201 Sutherland Avenue

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 4
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 4, Basement, Bedroom 2, Bedroom 3, Bathroom 1, Bedroom 1, Bathroom 2
Parking features Alley
Basement Storage Space, Full, Interior Entry
Subdivision G S Wrights 1st North
Lot features Access
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 490624169026000101
Lot size 0.17 Acres

Additional Details

Currently Operating Yes

Taxes and HOA fees

Tax Year 2025
Tax Description G S Wrights 1st North Side Add L1 B2
Tax Annual Amount 4236
Legal Description G S Wrights 1st North Side Add L1 B2

Utilities

Cooling system Central Air

Building Details

Year built 1910
Floors in Building 2
Number of units 2
Building materials Aluminum Siding
Listing Agency: Real Broker, LLC
Listed By: Mihir Bhimaraju · License #RB23001946
Added: Nov 6 Changed: Nov 8 Last Checked: Nov 9 at 7:06AM
MLS# 22135482

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.

Rey
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Investment Insights

Based on property information with market context.

Built in 1910, this aluminum-sided duplex contains two residences, each with two bedrooms and one bathroom. One unit is operating as an Airbnb; the other is vacant. Furniture, appliances, and inventory are included, along with two months of seller-provided coaching and co-hosting support.

The property occupies a 0.17-acre lot and has central air conditioning. Alley parking is listed among the property features. Downtown Indianapolis is approximately 10 minutes away, with dining and entertainment destinations also noted nearby.

Key Highlights

  • Two units, each with 2 bedrooms and 1 bathroom
  • One unit currently operates as an Airbnb; the second unit is vacant
  • Furniture, appliances, and inventory included

Property Analytics

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Lease Details

2
Residential units

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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 - Two two-bedroom residences offer a mix of active short-term rental use and a vacant unit.
Where is this duplex located?
The property is located at 3201 Sutherland 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 units, each with 2 bedrooms and 1 bathroom; One unit currently operates as an Airbnb; the second unit is vacant; Furniture, appliances, and inventory included
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