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New Construction Duplex
For Lease
$2,800/Mo

4623 Rookwood Ave, Indianapolis, IN 46208

Two single-level residences feature modern kitchens, private bedroom suites, and a newly built shared garage.

Space SizeContact for details
Days on Market133

Property Features for 4623 Rookwood Ave

General Information

Standard status Active
Total Parking Spaces 2

Additional Details

Multifamily Units 2

Building Details

Buildings 1
Stories 2
Listing Agency: F.C. Tucker Company
Listed By: Megan Kelly
Source: Exprealty
Added: Apr 24 Changed: Aug 31 Last Checked: Sep 1 at 9:58PM

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 F.C. Tucker Company

Investment Insights

Based on property information with market context.

This newly constructed duplex contains two single-level residences with a combined six bedrooms. Each unit centers on an open kitchen with a quartz island and an adjoining living room. The upper residence includes three bedroom suites with individual bathrooms and an additional powder room. The lower residence offers an owner's suite, two additional bedrooms, a full bathroom, and a powder room.

A new two-car garage includes an interior partition that separates parking areas for the two residences. The property is located within steps of Butler University's campus, placing both units near the university setting. The configuration supports ownership as a two-unit rental property or occupancy of one residence while leasing the other.

Key Highlights

  • Two single‑level duplex units with a combined six bedrooms
  • Upper unit has three bedroom suites, each with its own bath, plus a powder room
  • Lower unit includes an owner's suite, two additional bedrooms, a full bath, and a powder room

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Nail Salon Hair Salon Building Supply

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
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

321
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

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 single-level residences feature modern kitchens, private bedroom suites, and a newly built shared garage.
Where is this duplex located?
The property is located at 4623 Rookwood Ave Indianapolis, IN.
What is the lease rate?
The lease rate is $2,800/Mo.
What are key features of this property?
This property features: Two single‑level duplex units with a combined six bedrooms; Upper unit has three bedroom suites, each with its own bath, plus a powder room; Lower unit includes an owner's suite, two additional bedrooms, a full bath, and a powder room
More about this property
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