Single-Story
New
For Sale
$310,000
5282 Guilford Ave, Indianapolis, IN 46220
Both residences are currently occupied, with a bungalow-style exterior and a layout on one level.
Property Size1,434 SF
Lot Size0.11 Acres
Price / SF$216.18
Days on Market7
Property Features for 5282 Guilford Ave
General Information
Standard status
Active
Size
1,434 SF
Lot size
0.11 Acres
Property subtype
Residential Income
Site & Location
Neighborhood
Meridian Kessler
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Building Details
Year Built
1928
Buildings
1
Stories
1
Construction
bungalow
Listing Agency:
Lickliter Realty Services LLC
Listed By:
Garrett Lickliter
(317) 214-6688
Source:
Exprealty
Added: Oct 29
Changed: Nov 1
Last Checked: Nov 3 at 6:55AM
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 Lickliter Realty Services LLC
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Investment Insights
Based on property information with market context.
This duplex contains 1,434 square feet of living space across a single-story plan. Built in 1928, the property has a bungalow-style exterior and sits on a 4,922-square-foot lot. Both units are occupied; tenant privacy should be respected during any visit.
Key Highlights
- Two‑unit duplex with both sides occupied
- 1,434 square feet of living space
- Built in 1928
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,135
Cap Rate
4.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$302,700
$302.7K
Cap Rate 7%
$216,214
$216.2K
Cap Rate 9%
$168,167
$168.2K
Market Conditions
NOI Build-Up for 1,434 SF
Gross rent
$23.2K $16.20/SF
− Vacancy
−$1.6K −$1.12/SF
EGI
$21.6K $15.08/SF
− OpEx
−$6.5K −$4.52/SF
NOI
$15.1K $10.55/SF
Area
Indianapolis, IN
Vacancy
6.93%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$302,700
Cap Rate 7%
$216,214
Cap Rate 9%
$168,167
Alternative Uses
Best Use
Multifamily LT 5
$216.2K
$189.2K – $252.3K
NOI $15,135 @ 7.0% cap · market cap 4.88%
Second Best
Apartment 5plus
$188.0K
$164.5K – $219.3K
NOI $13,160 @ 7.0% cap · market cap 4.25%
Theoretical Best
Office A
$356.9K
$312.3K – $416.4K
NOI $24,986 @ 7.0% cap · market cap 8.06%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
585
Businesses Nearby
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Business Placement
Demographics for 46220, IN
36,078
Population
17,524
Households
2.1
Avg Household Size
37
Median Age
67%
College-Educated
98%
High-School Grad
11.7 sq mi
ZIP Area
3,084
Density / Sq Mi
$103,735
Median Household Income
$58,867
Median Earnings
$1,330
Median Rent
$329,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are currently occupied, with a bungalow-style exterior and a layout on one level.
Where is this duplex located?
The property is located at 5282 Guilford Ave Indianapolis, IN.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: Two‑unit duplex with both sides occupied; 1,434 square feet of living space; Built in 1928
