Updated Duplex with Finished
For Lease
$417,000
515 Sutherland Avenue, Indianapolis, IN 46205
Separate living spaces and flexible bonus areas support owner occupancy or rental use.
Space SizeContact for details
Days on Market12
Property Features for 515 Sutherland Avenue
General Information
Standard status
Active
Property subtype
Commercial
Building Details
Year Built
1900
Listing Agency:
Bif Ward Real Estate Group
Listed By:
Bif Ward
(317) 580-7871
Source:
Bifward
Added: Sep 7
Changed: Sep 17
Last Checked: Sep 18 at 3:41AM
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 Bif Ward Real Estate Group
Investment Insights
Based on property information with market context.
Built in 1900, this duplex contains two separate units, each with 2 bedrooms, 1.5 baths, and finished third-floor attic space. The additional areas can serve as bonus rooms, offices, dressing areas, hobby rooms, or storage. Both residences have received extensive improvements, including refreshed kitchens and baths, updated plumbing and light fixtures, newer carpeting, and replaced or upgraded appliances. Exterior work includes repairs to the rear porch and deck, along with fresh paint and partial replacement of the exterior sewer line serving the property.
Located at 515 Sutherland Avenue in Indianapolis, the property is listed on the Indiana Historic Landmark Registry and includes a related covenant. The layout supports several ownership approaches, including occupying one residence while renting the other, leasing both units, or maintaining separate spaces for multigenerational living.
Located at 515 Sutherland Avenue in Indianapolis, the property is listed on the Indiana Historic Landmark Registry and includes a related covenant. The layout supports several ownership approaches, including occupying one residence while renting the other, leasing both units, or maintaining separate spaces for multigenerational living.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 1.5 baths per unit
- Finished third‑floor attic space in both units
- Updated kitchens, bathrooms, plumbing, lighting, and carpeting
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
710
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Separate living spaces and flexible bonus areas support owner occupancy or rental use.
Where is this duplex located?
The property is located at 515 Sutherland Avenue Indianapolis, IN.
What is the lease rate?
The lease rate is $417,000.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms and 1.5 baths per unit; Finished third‑floor attic space in both units; Updated kitchens, bathrooms, plumbing, lighting, and carpeting
