Search
Remodeled Duplex with Porch
For Sale
$205,500

3631-3633 Salem Street, Indianapolis, IN 46208

Residential Income, Indianapolis, IN

Property Size4,400 SF
Lot Size0.10 Acres
Price / SF$46.70
Days on Market49

Property Features for 3631-3633 Salem Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning Duplex
Rooms Basement
Subdivision No Subdivision
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 490624112052000101
Lot size 0.10 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description Lazarus & Colemans Harvard Pl 10 Ft N S Ex20 Ft E E L41 30 Ft S Side Ex 20 Ft E El42
Legal Description Lazarus & Colemans Harvard Pl 10 Ft N S Ex20 Ft E E L41 30 Ft S Side Ex 20 Ft E El42

Utilities

Cooling system Central Air

Amenities

porch

Building Details

Year built 1925
Floors in Building 1
Number of units 2
Architectural style Bungalow
Listing Agency: Keller Williams Indy Metro NE · Keller Williams Realty
Listed By: Canyce Lane · License #RB14042644
Added: Jul 27 Changed: Aug 28 Last Checked: Sep 13 at 1:06AM
MLS# 22116345

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 single-story bungalow duplex at 3631-3633 Salem Street features 4,400 square feet of renovated space within a structure built in 1925. The property includes a basement, central air, and a front porch that creates a defined entry point. Kitchen appliances are owned by the tenants and are not included as owner-provided equipment.

Situated in Indianapolis, Indiana, the property occupies a 0.1-acre lot and carries Duplex zoning. Its classic bungalow form, updated interior, and two-unit configuration provide a straightforward residential income property profile.

Key Highlights

  • 4,400‑square‑foot duplex on a 0.1‑acre lot
  • Built in 1925 and completely renovated
  • Single‑story bungalow architectural style

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence
Open Analytics

Current Use

Duplexes

Suggested Use

Top Pick Building Supply HVAC Service Kitchen & Bath Showroom Big Box & Wholesale Store Pharmacy (Bike/Boat/Book/etc) Store

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

842
Businesses Nearby

Demographics for 46208, IN

23,996
Population
11,619
Households
2.1
Avg Household Size
31
Median Age
40%
College-Educated
93%
High-School Grad
6.9 sq mi
ZIP Area
3,478
Density / Sq Mi
$55,435
Median Household Income
$34,125
Median Earnings
$1,075
Median Rent
$206,000
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
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Duplex - Renovated bungalow-style duplex with a porch, basement, and central air.
Where is this duplex located?
The property is located at 3631-3633 Salem Street Indianapolis, IN.
What is the asking price?
The asking price for this property is $205,500.
What are key features of this property?
This property features: 4,400‑square‑foot duplex on a 0.1‑acre lot; Built in 1925 and completely renovated; Single‑story bungalow architectural style
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message