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Two-Story Duplex
For Sale
$184,900

402 N Parker Avenue, Indianapolis, IN 46201

Both residences have two bedrooms and one bathroom, with tenants responsible for their utility costs.

Property SizeContact for details
Days on Market129

Property Features for 402 N Parker Avenue

General Information

Standard status Active
Property subtype Duplex

Financials

Asking Price $184,900
Gross Income $29,400

Site & Location

Neighborhood Near Eastside

Units

Unit Mix 2 x 2BR/1BA
Multifamily Units 2

Additional Details

Tenant in Place Yes

Building Details

Year Built 1930
Buildings 1
Stories 2
Construction brick
Listing Agency: @properties
Listed By: Max Moore
Source: Estansiongroup
Added: Jun 24 Changed: Oct 26 Last Checked: Oct 26 at 3:51PM

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 @properties

Rey
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Investment Insights

Based on property information with market context.

This two-story brick duplex contains two residences, each arranged with two bedrooms and one bathroom. Both bedrooms in each unit are on the upper floor. The property was built in 1930 and is being sold as-is. Roof age is approximately 14 to 15 years; the furnace, air conditioning, and water heaters are each approximately 6 to 7 years old.

The building is in Indianapolis, blocks from neighborhood restaurants and minutes from downtown, Mass Ave, and Bottleworks. It is one of 13 buildings in a 17-unit rental portfolio, with individual and package sale options. Tenants have occupied the units for several years and pay their own utilities. Executed leases document the unit rents.

Key Highlights

  • Two‑story brick duplex with two residences
  • Each unit has two bedrooms and one bathroom; both bedrooms are on the second floor
  • Built in 1930

Property Analytics

Who owns this building? See the owner, sales and loan history
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Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

489
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 - Both residences have two bedrooms and one bathroom, with tenants responsible for their utility costs.
Where is this duplex located?
The property is located at 402 N Parker Avenue Indianapolis, IN.
What is the asking price?
The asking price for this property is $184,900.
What are key features of this property?
This property features: Two‑story brick duplex with two residences; Each unit has two bedrooms and one bathroom; both bedrooms are on the second floor; Built in 1930
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