3-Bedroom
New
For Sale
$290,000
426 N Bradley Ave, Indianapolis, IN 46201
The residence offers a 3-bedroom, 1.5-bath layout in a 968-square-foot footprint.
Property Size968 SF
Price / SF$299.59
Days on Market3
Property Features for 426 N Bradley Ave
General Information
Standard status
Active
Size
968 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Public Transit
Yes
Multifamily Units
2
Building Details
Year Built
1900
Listing Agency:
RE/MAX Real Estate Prof
Listed By:
The James Embry Team
(317) 903-0262
Source:
Jamesembry
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 14 at 10:18PM
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 RE/MAX Real Estate Prof
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Investment Insights
Based on property information with market context.
This duplex contains 968 square feet, with three bedrooms and 1.5 bathrooms. Built in 1900, the property is fully occupied.
The address is 426 N Bradley Ave in Indianapolis. Nearby destinations named for the area include downtown Indianapolis, the Bottleworks District, Beholder, Neidhammer Coffee Co., and Rabble Coffee. Pogue's Run Trail and Spades Park are also nearby, along with grocery stores, shops, and major bus routes.
The address is 426 N Bradley Ave in Indianapolis. Nearby destinations named for the area include downtown Indianapolis, the Bottleworks District, Beholder, Neidhammer Coffee Co., and Rabble Coffee. Pogue's Run Trail and Spades Park are also nearby, along with grocery stores, shops, and major bus routes.
Key Highlights
- 968‑square‑foot duplex
- Three bedrooms and 1.5 bathrooms
- Built in 1900
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,216
Cap Rate
3.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$204,320
$204.3K
Cap Rate 7%
$145,943
$145.9K
Cap Rate 9%
$113,511
$113.5K
Market Conditions
NOI Build-Up for 968 SF
Gross rent
$15.7K $16.20/SF
− Vacancy
−$1.1K −$1.12/SF
EGI
$14.6K $15.08/SF
− OpEx
−$4.4K −$4.52/SF
NOI
$10.2K $10.55/SF
Area
Indianapolis, IN
Vacancy
6.93%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$204,320
Cap Rate 7%
$145,943
Cap Rate 9%
$113,511
Alternative Uses
Best Use
Multifamily LT 5
$145.9K
$127.7K – $170.3K
NOI $10,216 @ 7.0% cap · market cap 3.52%
Second Best
Apartment 5plus
$126.9K
$111.1K – $148.1K
NOI $8,884 @ 7.0% cap · market cap 3.06%
Theoretical Best
Office A
$240.9K
$210.8K – $281.1K
NOI $16,866 @ 7.0% cap · market cap 5.82%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
678
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - The residence offers a 3-bedroom, 1.5-bath layout in a 968-square-foot footprint.
Where is this duplex located?
The property is located at 426 N Bradley Ave Indianapolis, IN.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: 968‑square‑foot duplex; Three bedrooms and 1.5 bathrooms; Built in 1900
