Renovated Two-Unit
For Sale
Contact for pricing
321 N Rangeline Rd, Carmel, IN 46032
Reworked in 2020 with original hardwood floors, exposed brick, custom tile, and distinctive interior finishes.
Property SizeContact for details
Days on Market141
Property Features for 321 N Rangeline Rd
General Information
Standard status
Active
Property subtype
Mixed Use, Multifamily, Office
Additional Details
Multifamily Units
2
Building Details
Year Built
1860
Year Renovated
2020
Listing Agency:
Merrill Property Group
(317) 590-3046
Listed By:
John Merrill · License #IN RB14036883
Source:
Crexi
Added: Apr 13
Changed: Aug 30
Last Checked: Aug 30 at 5:25PM
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 Merrill Property Group
Investment Insights
Based on property information with market context.
Built in 1860, this two-unit duplex combines historic character with a comprehensive 2020 redesign. The lower residence features 2 bedrooms and 2 bathrooms, along with original hardwood floors, exposed brick, custom tile work, reclaimed wood, custom doors, and imported light fixtures. The property was associated with illustrator Franklin Booth and retains a distinctive architectural identity.
The building is located near Main Street, the Monon, and the Carmel Arts District. Its stated zoning supports single-family, multi-unit or income-producing, and commercial use, while short-term rental use is also identified as an option. The configuration provides flexibility for residential occupancy, multi-unit use, or a commercial application, subject to applicable requirements.
The building is located near Main Street, the Monon, and the Carmel Arts District. Its stated zoning supports single-family, multi-unit or income-producing, and commercial use, while short-term rental use is also identified as an option. The configuration provides flexibility for residential occupancy, multi-unit use, or a commercial application, subject to applicable requirements.
Key Highlights
- Two‑unit duplex redesigned in 2020
- Built in 1860 and associated with illustrator Franklin Booth
- Lower unit includes 2 bedrooms and 2 bathrooms
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,522
Businesses Nearby
Explore this area
Business Placement
Demographics for 46032, IN
50,477
Population
22,118
Households
2.3
Avg Household Size
40
Median Age
75%
College-Educated
98%
High-School Grad
25.3 sq mi
ZIP Area
1,995
Density / Sq Mi
$123,438
Median Household Income
$70,558
Median Earnings
$1,522
Median Rent
$464,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Reworked in 2020 with original hardwood floors, exposed brick, custom tile, and distinctive interior finishes.
Where is this duplex located?
The property is located at 321 N Rangeline Rd Carmel, IN.
What are key features of this property?
This property features: Two‑unit duplex redesigned in 2020; Built in 1860 and associated with illustrator Franklin Booth; Lower unit includes 2 bedrooms and 2 bathrooms
