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Traditional Duplex With Central Air
New
For Sale
$214,900

5130 E Michigan Street, Indianapolis, IN 46219

Two-unit residential property with central air, forced-air heating, and alley access.

Property SizeContact for details
Days on Market5

Property Features for 5130 E Michigan Street

General Information

Standard status Active
Property subtype Residential Income

Amenities

Central Air
Electric, Forced Air, Natural Gas
Unfinished
Alley Access, Gravel, On Street
Traditional

Building Details

Year Built 1920
Listing Agency: Doc Real Estate, Inc
Listed By: Michael Deak
Source: Evrealestate
Added: Aug 1 Changed: Aug 3 Last Checked: Aug 5 at 6:00AM

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 Doc Real Estate, Inc

Investment Insights

Based on property information with market context.

This traditional duplex at 5130 E Michigan Street in Indianapolis offers a two-unit residential configuration with central air and forced-air heating. The property also has natural gas service and unfinished interior areas that remain part of the existing layout.

Built in 1920, the property includes alley access along with gravel and on-street access options. Its exterior presents a traditional design, while the location is identified in Marion County.

Key Highlights

  • Duplex property at 5130 E Michigan Street, Indianapolis, IN 46219
  • Built in 1920
  • Central air conditioning

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Building Supply Parking Lot & Garage Big Box & Wholesale Store Computer & Electronic Repair Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

492
Businesses Nearby

Demographics for 46219, IN

36,556
Population
17,028
Households
2.1
Avg Household Size
38
Median Age
26%
College-Educated
86%
High-School Grad
13.0 sq mi
ZIP Area
2,812
Density / Sq Mi
$57,811
Median Household Income
$38,995
Median Earnings
$991
Median Rent
$177,000
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-unit residential property with central air, forced-air heating, and alley access.
Where is this duplex located?
The property is located at 5130 E Michigan Street Indianapolis, IN.
What is the asking price?
The asking price for this property is $214,900.
What are key features of this property?
This property features: Duplex property at 5130 E Michigan Street, Indianapolis, IN 46219; Built in 1920; Central air conditioning
More about this property
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