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Remodeled Duplex with Separate Utilities
New
For Sale
$499,900

4462 Carrollton Ave, Indianapolis, IN 46205

Two three-bedroom units combine furnished short-term and long-term rental setups.

Property Size8,015 SF
Lot Size0.18 Acres
Price / SF$62.37
Days on Market5

Property Features for 4462 Carrollton Ave

General Information

Standard status Active
Size 8,015 SF
Lot size 0.18 Acres
Property subtype Multi-Family

Units

Unit Mix 2 x 3BR/2BA
Multifamily Units 2

Additional Details

Utilities to Site Yes

Amenities

custom cabinets
stainless steel appliances
pot filler faucets
floor-to-ceiling tile
LVP flooring
arched bar nooks
privacy-fenced yard
paved off-street parking

Building Details

Year Built 1908
Year Renovated 2018
Buildings 1
Construction Hardie siding
Listing Agency: Mackenzie Allen, Polston & Ass
Listed By: Tony Reffeitt
Source: Realintegrity
Added: Aug 26 Changed: Aug 28 Last Checked: Aug 29 at 8:54AM

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 Mackenzie Allen, Polston & Ass

Investment Insights

Based on property information with market context.

This duplex contains two 1,542-square-foot units, each with three bedrooms and two bathrooms. A 2018 renovation replaced the roof, windows, siding, HVAC systems, and water heaters. Interior improvements include custom cabinetry, stainless steel appliances, pot-filler faucets, floor-to-ceiling tile, LVP flooring, and arched bar nooks. Hardie siding, a privacy-fenced yard, and paved off-street parking complete the property.

The 4462 Carrollton Ave unit operates as a self-managed Airbnb and includes furniture that conveys with the sale. The 4464 unit is leased on a long-term basis. Each side has its own gas and sewer meter, with tenants paying their respective utility costs. The property occupies a 0.18-acre lot in Oliver Johnson's Woods, minutes from downtown Indianapolis.

Key Highlights

  • Two 1,542‑square‑foot units, each with 3 bedrooms and 2 bathrooms
  • 2018 renovation included roof, windows, siding, HVAC, and water heaters
  • 4462 side operates as a self‑managed Airbnb with furniture conveying

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Auto Repair Shop HVAC Service Pharmacy Building Supply (Bike/Boat/Book/etc) Store Dental Office

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
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

352
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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two three-bedroom units combine furnished short-term and long-term rental setups.
Where is this duplex located?
The property is located at 4462 Carrollton Ave Indianapolis, IN.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Two 1,542‑square‑foot units, each with 3 bedrooms and 2 bathrooms; 2018 renovation included roof, windows, siding, HVAC, and water heaters; 4462 side operates as a self‑managed Airbnb with furniture conveying
More about this property
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