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Renovated Duplex with Private Yard
For Sale
$439,900

333 S State Street, Indianapolis, IN 46201

Residential Income, Indianapolis, IN

Property SizeContact for details
Lot Size0.10 Acres
Days on Market50

Property Features for 333 S State Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 2
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 2
Parking features Gated, Alley
Subdivision State Square
Elementary school district Indianapolis Public Schools
Middle school district Indianapolis Public Schools
High school district Indianapolis Public Schools
Directions GPS Friendly
Standard status Active
APN 491007205004000101
Lot size 0.10 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description State Square Add L26
Tax Annual Amount 2192
Legal Description State Square Add L26

Utilities

Heating system Forced Air
Cooling system Central Air

Amenities

private yard
porch

Building Details

Year built 1910
Floors in Building 2
Number of units 2
Building materials Vinyl Siding
Roof type Shingle
Listing Agency: Brookshire Realty
Listed By: Sheila Wright · License #RB18002035
Added: Aug 28 Changed: Sep 18 Last Checked: Oct 16 at 9:06AM
MLS# 22123101

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.

Located at 333 S State Street in Indianapolis, this duplex dates to 1910 and occupies a 0.1-acre lot. The property has been renovated while retaining its traditional exterior, vinyl siding, shingle roof, and welcoming front porch. Interior accommodations include two bedrooms and two bathrooms, supported by forced-air heat and central air conditioning.

A private rear yard and gated two-car parking area accessed from the alley add practical outdoor and vehicle space. The property is positioned near Fountain Squares and is currently being offered for use involving Airbnb and corporate travel. Its combination of two-unit configuration, residential scale, and updated condition supports a range of furnished or traditional residential operating approaches.

Key Highlights

  • Renovated duplex with 2 bedrooms and 2 bathrooms
  • 0.1‑acre lot in Indianapolis, IN
  • Gated 2‑car rear parking with alley access

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Pet Grooming Service Butcher Bakery Carpet & Flooring Store Locksmith Skin Care Clinic

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

Location Intelligence

Trade Area within ½ mile

1,164
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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 - Two-unit residential property with updated interiors, classic exterior character, and gated rear parking.
Where is this duplex located?
The property is located at 333 S State Street Indianapolis, IN.
What is the asking price?
The asking price for this property is $439,900.
What are key features of this property?
This property features: Renovated duplex with 2 bedrooms and 2 bathrooms; 0.1‑acre lot in Indianapolis, IN; Gated 2‑car rear parking with alley access
More about this property
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