Duplex with Modern
For Sale
$475,000
330 N Hamilton Avenue, Indianapolis, IN 46201
The residence includes three bedrooms, two full baths, granite countertops, and stainless steel appliances.
Property Size1,296 SF
Price / SF$366.51
Days on Market31
Property Features for 330 N Hamilton Avenue
General Information
Standard status
Active
Size
1,296 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Fountain Square
Additional Details
Multifamily Units
2
Building Details
Year Built
2026
Units
2
Listing Agency:
G. Martin Realty
(317) 807-1808
Listed By:
Greg Martin
(317) 345-4655
Source:
Gmartinrealty
Added: Sep 28
Changed: Oct 25
Last Checked: Oct 26 at 4:03AM
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 G. Martin Realty
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Investment Insights
Based on property information with market context.
Built in 2026, this duplex offers 1,296 square feet of living area. The residence has three bedrooms and two full baths, with granite countertops, stainless steel appliances, tiled shower surrounds, and granite vanity tops.
Key Highlights
- 2026 construction
- 1,296 square feet of living area
- Three bedrooms and two full baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,678
Cap Rate
2.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$273,560
$273.6K
Cap Rate 7%
$195,400
$195.4K
Cap Rate 9%
$151,978
$152.0K
Market Conditions
NOI Build-Up for 1,296 SF
Gross rent
$21.0K $16.20/SF
− Vacancy
−$1.5K −$1.12/SF
EGI
$19.5K $15.08/SF
− OpEx
−$5.9K −$4.52/SF
NOI
$13.7K $10.55/SF
Area
Indianapolis, IN
Vacancy
6.93%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$273,560
Cap Rate 7%
$195,400
Cap Rate 9%
$151,978
Alternative Uses
Best Use
Multifamily LT 5
$195.4K
$171.0K – $228.0K
NOI $13,678 @ 7.0% cap · market cap 2.88%
Second Best
Apartment 5plus
$169.9K
$148.7K – $198.2K
NOI $11,894 @ 7.0% cap · market cap 2.50%
Theoretical Best
Office A
$322.6K
$282.3K – $376.4K
NOI $22,582 @ 7.0% cap · market cap 4.75%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
694
Businesses Nearby
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Business Placement
Demographics for 46201, IN
31,408
Population
17,145
Households
1.8
Avg Household Size
34
Median Age
26%
College-Educated
78%
High-School Grad
5.6 sq mi
ZIP Area
5,609
Density / Sq Mi
$43,183
Median Household Income
$36,951
Median Earnings
$929
Median Rent
$150,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - The residence includes three bedrooms, two full baths, granite countertops, and stainless steel appliances.
Where is this duplex located?
The property is located at 330 N Hamilton Avenue Indianapolis, IN.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 2026 construction; 1,296 square feet of living area; Three bedrooms and two full baths
