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Updated Duplex
For Sale
$450,000
Pending

3946 N College Ave, Indianapolis, IN 46205

Tenant-occupied two-unit property with refreshed finishes and functional residential layouts.

Property Size6,055 SF
Days on Market48

Property Features for 3946 N College Ave

General Information

Standard status Pending
Size 6,055 SF
Property subtype Multi-Family

Additional Details

Multifamily Units 2

Building Details

Year Built 1910
Listing Agency: Greenside Realty Group
Listed By: Crossroads Real Estate Group
Source: Crossroadsrealestategroup
Added: Sep 2 Changed: Oct 16 Last Checked: Oct 19 at 6:52AM

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 Greenside Realty Group

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Investment Insights

Based on property information with market context.

Located at 3946 N College Avenue in Indianapolis, this duplex was built in 1910 and has received updates to its finishes and overall presentation. The property is configured as a 3-bedroom, 2-bath duplex, with each unit offering living areas and practical layouts for residential use.

The building is currently tenant occupied. Its setting is near shopping, dining, schools, and major thoroughfares, providing access to everyday services and transportation routes.

Key Highlights

  • Duplex configured with 3 bedrooms and 2 baths
  • Tenant occupied
  • Updated finishes and refreshed interior presentation

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Building Supply HVAC Service Pharmacy Electrical Service (Bike/Boat/Book/etc) Store Garden Center

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

471
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
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 - Tenant-occupied two-unit property with refreshed finishes and functional residential layouts.
Where is this duplex located?
The property is located at 3946 N College Ave Indianapolis, IN.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Duplex configured with 3 bedrooms and 2 baths; Tenant occupied; Updated finishes and refreshed interior presentation
More about this property
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