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Duplex with Full Basement Storage
For Sale
$289,900

513 E 31st St, Indianapolis, IN 46205

Two three-bedroom units feature covered porches, rear decks, LVP flooring, separate dining areas, and full kitchens.

Property SizeContact for details
Days on Market43

Property Features for 513 E 31st St

General Information

Standard status Active
Property subtype Multi-Family

Property Condition

Severity Repairs Needed
Evidence minor cosmetic touches

Additional Details

Public Transit Yes
Multifamily Units 2

Building Details

Year Built 1910
Listing Agency: T&H Realty Services, Inc.
Listed By: Rosie Berzenye
Source: Eveloteam
Added: Jul 21 Changed: Aug 31 Last Checked: Aug 31 at 7:33PM

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 T&H Realty Services, Inc.

Investment Insights

Based on property information with market context.

Built in 1910, this duplex contains two matching residential units with practical layouts and substantial storage. Each side includes three bedrooms, one full bathroom with a tub and shower combination, LVP flooring, a living room, separate dining space, a full kitchen with ample cabinetry and counter space, a covered front porch, a rear deck, and a full basement. One unit is vacant and needs only minor cosmetic work before occupancy. The other is tenant-occupied under a lease extending through March 2027.

Recent property improvements include a roof installed in April 2022, new A/C units added in April 2023, and a sewer line update with cleanout installation completed in April 2026. The property is located at 513 E 31st St in Indianapolis, with access to Fall Creek Parkway, Downtown Indianapolis, and the Northside. IndyGo bus service and the Red Line are nearby.

Key Highlights

  • Two‑unit duplex with 3 bedrooms and 1 full bath per side
  • Full basement, covered front porch, and rear deck included with each unit
  • Unit 515 is vacant and requires minor cosmetic work before occupancy

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick HVAC Service Pharmacy Accounting Firm (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom 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

Location Intelligence

Trade Area within ½ mile

731
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 feature covered porches, rear decks, LVP flooring, separate dining areas, and full kitchens.
Where is this duplex located?
The property is located at 513 E 31st St Indianapolis, IN.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: Two‑unit duplex with 3 bedrooms and 1 full bath per side; Full basement, covered front porch, and rear deck included with each unit; Unit 515 is vacant and requires minor cosmetic work before occupancy
More about this property
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