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Two-Story Duplex
For Sale
$220,000
Pending

3254 Winthrop Avenue, Indianapolis, IN 46205

Residential Income, Indianapolis, IN

Property SizeContact for details
Lot Size0.15 Acres
Days on Market204

Property Features for 3254 Winthrop Avenue

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 4
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 1, Basement, Bedroom 2, Bedroom 4, Bathroom 1, Bedroom 3, Bathroom 2
Basement Unfinished
Subdivision North Side Addition
Elementary school district Indianapolis Public Schools
Middle school district Indianapolis Public Schools
High school district Indianapolis Public Schools
Directions GPS Friendly
Standard status Pending
APN 490719132146000101
Lot size 0.15 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description North Side Add L26 B3
Tax Annual Amount 2760
Legal Description North Side Add L26 B3

Building Details

Year built 1910
Floors in Building 2
Number of units 2
Listing Agency: United Real Estate Indpls
Listed By: Donna Diercks · License #RB14048452
Added: Mar 27 Changed: Oct 8 Last Checked: Oct 16 at 1:06PM
MLS# 22090426

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.

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Investment Insights

Based on property information with market context.

This two-story duplex contains two matching apartments, each with two bedrooms and one bathroom. The main level in each residence has a living room, dining room, and kitchen; two bedrooms and a bathroom are upstairs. The property was remodeled in 2021 and dates to 1910. Both apartments are occupied, with leases ending in June and July, and professional management is in place.

The 0.15-acre property at 3254 Winthrop Avenue is near the Monon Trail, parks, and downtown Indianapolis.

Key Highlights

  • Two matching apartments, each with 2 bedrooms and 1 bathroom
  • Two‑story layout with living room, dining room, and kitchen on the main floor
  • Remodeled in 2021

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Dental Office Real Estate Agency Building Supply Big Box & Wholesale Store Law Firm Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

318
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
View Realmo Analytics

Market

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 - Both apartments are occupied, with leases scheduled to end in June and July.
Where is this duplex located?
The property is located at 3254 Winthrop Avenue Indianapolis, IN.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Two matching apartments, each with 2 bedrooms and 1 bathroom; Two‑story layout with living room, dining room, and kitchen on the main floor; Remodeled in 2021
More about this property
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