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Two-Unit Duplex with Basement
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 Market159

Property Features for 3254 Winthrop Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Rooms Basement
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
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: Sep 1 Last Checked: Sep 1 at 2:06AM
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.

Investment Insights

Based on property information with market context.

This duplex contains two mirrored apartments, each with two bedrooms and one bathroom. Both units use a two-story layout, with the main level offering a kitchen, dining room, and living room, while the upper level contains the bedrooms and bathroom. Basement space is also included. The property was remodeled in 2021 and dates to 1910.

Located near the Monon Trail, parks, and downtown Indianapolis, the property offers access to established recreational and urban destinations. Both apartments are currently occupied, with leases scheduled to conclude in June and July. Professional management is already in place.

Key Highlights

  • Two‑unit duplex with two bedrooms and one bathroom in each apartment
  • 0.15‑acre property at 3254 Winthrop Avenue, Indianapolis, IN 46205
  • Two‑story mirrored apartment layouts with kitchen, dining room, and living room on the main floor

Property Analytics

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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Mirrored apartments provide flexible living areas, private bedrooms, and established occupancy near trails, parks, and downtown.
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‑unit duplex with two bedrooms and one bathroom in each apartment; 0.15‑acre property at 3254 Winthrop Avenue, Indianapolis, IN 46205; Two‑story mirrored apartment layouts with kitchen, dining room, and living room on the main floor
More about this property
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