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New Construction Duplex
For Sale
$449,999

526 N Elder Avenue, Indianapolis, IN 46222

Residential Income, Indianapolis, IN

Property SizeContact for details
Lot Size0.10 Acres
Days on Market68

Property Features for 526 N Elder Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Subdivision Merritt Place
Elementary school district Indianapolis Public Schools
Middle school district Indianapolis Public Schools
High school district Indianapolis Public Schools
Directions GPS Friendly
Standard status Active
APN 491103111129000101
Lot size 0.10 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description Merritt Place L126
Legal Description Merritt Place L126

Building Details

Year built 2025
Number of units 2
Listing Agency: Crossroads Realty, LLC
Listed By: Nicole Crouch · License #RB14036446
Added: Jun 15 Changed: Aug 20 Last Checked: Aug 21 at 8:06PM
MLS# 22108327

Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This turnkey new construction duplex at 526 N Elder Avenue features two residential units designed for modern, low-maintenance living. Each unit offers private entrances and a practical layout with spacious open-concept living areas. Interior finishes include granite countertops, white shaker cabinetry, stainless steel appliances, and luxury flooring, with in-unit laundry for added convenience.

The property is positioned in Indianapolis near downtown, with access to major employers, hospitals, universities, and interstate routes described as minutes away. The site is listed as approximately 0.1 acres, supporting a compact, manageable residential income setup.

For buyers seeking a residential income property, the unit configuration and in-unit amenities support day-to-day tenant comfort without requiring shared-living tradeoffs. Dedicated parking, private entrances, and functional floor plans can help reduce operational friction and simplify tenant experience across both units. The contemporary finishes throughout the property add cohesiveness across the living spaces, making this duplex suited to owners who want a clean, updated rental housing product.

Key Highlights

  • New construction duplex built in 2025
  • Each unit features a private entrance and dedicated parking
  • In‑unit laundry included for both units

Property Analytics

Current Use

Duplexes

Suggested Use

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

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
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,209
Businesses Nearby

Demographics for 46222, IN

37,185
Population
15,782
Households
2.4
Avg Household Size
31
Median Age
17%
College-Educated
78%
High-School Grad
11.0 sq mi
ZIP Area
3,380
Density / Sq Mi
$45,198
Median Household Income
$30,548
Median Earnings
$1,050
Median Rent
$104,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Duplex - Well-appointed duplex with private entrances, dedicated parking, and in-unit laundry for straightforward residential income use.
Where is this duplex located?
The property is located at 526 N Elder Avenue Indianapolis, IN.
What is the asking price?
The asking price for this property is $449,999.
What are key features of this property?
This property features: New construction duplex built in 2025; Each unit features a private entrance and dedicated parking; In‑unit laundry included for both units
More about this property
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