Renovated Foursquare
For Sale
$474,900
333 S State St, Indianapolis, IN 46201
Updated two-unit residence with a private yard, rear parking, and welcoming front porch.
Property Size4,443 SF
Price / SF$106.89
Days on Market48
Property Features for 333 S State St
General Information
Standard status
Active
Size
4,443 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
private yard
welcoming porch
Building Details
Year Built
1910
Construction
Foursquare
Listing Agency:
Beycome Brokerage Realty LLC
Listed By:
Streamlined Realty
(317) 721-2274
Source:
Streamlinedrealty
Added: Aug 30
Changed: Sep 18
Last Checked: Oct 14 at 11:16PM
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 Beycome Brokerage Realty LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This renovated Foursquare duplex combines a 1910 construction date with updated interiors and a traditional exterior. The property includes a private yard, a front porch, and private rear parking for two vehicles. Its two-unit configuration supports residential occupancy, while the current offering references Airbnb and corporate travel use.
Located at 333 S State St in Indianapolis, the property is positioned near the center of Fountain Squares. The classic form, outdoor space, and dedicated parking create a practical combination for a residential income property. With 4,443 square feet across the duplex, the asset retains its historic character while presenting a refreshed physical profile.
Located at 333 S State St in Indianapolis, the property is positioned near the center of Fountain Squares. The classic form, outdoor space, and dedicated parking create a practical combination for a residential income property. With 4,443 square feet across the duplex, the asset retains its historic character while presenting a refreshed physical profile.
Key Highlights
- Renovated Foursquare duplex with 4,443 square feet
- 1910 construction date with updated interiors
- Private rear parking for 2 vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,775
Cap Rate
8.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$815,500
$815.5K
Cap Rate 7%
$582,500
$582.5K
Cap Rate 9%
$453,056
$453.1K
Market Conditions
NOI Build-Up for 4,443 SF
Gross rent
$80.0K $18.00/SF
− Vacancy
−$5.8K −$1.31/SF
EGI
$74.1K $16.69/SF
− OpEx
−$33.4K −$7.51/SF
NOI
$40.8K $9.18/SF
Area
Indianapolis, IN
Vacancy
7.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$815,500
Cap Rate 7%
$582,500
Cap Rate 9%
$453,056
Alternative Uses
Best Use
Multifamily LT 5
$669.9K
$586.2K – $781.5K
NOI $46,892 @ 7.0% cap · market cap 9.87%
Second Best
Apartment 5plus
$582.5K
$509.7K – $679.6K
NOI $40,775 @ 7.0% cap · market cap 8.59%
Theoretical Best
Office A
$1.11M
$967.7K – $1.29M
NOI $77,415 @ 7.0% cap · market cap 16.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
540
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Updated two-unit residence with a private yard, rear parking, and welcoming front porch.
Where is this duplex located?
The property is located at 333 S State St Indianapolis, IN.
What is the asking price?
The asking price for this property is $474,900.
What are key features of this property?
This property features: Renovated Foursquare duplex with 4,443 square feet; 1910 construction date with updated interiors; Private rear parking for 2 vehicles
