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Two-Unit Duplex with Open Parking
For Sale
$300,000

5623 E 18th Street, Indianapolis, IN 46218

Residential Income, Indianapolis, IN

Property SizeContact for details
Lot Size0.12 Acres
Days on Market107

Property Features for 5623 E 18th Street

General Information

Property type Residential Multi Family
Property subtype Other
Parking features Open
Subdivision Arlington Heights
Elementary school Anna Brochhausen School 88
High school Arsenal Technical High School
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 490734101098000701
Lot size 0.12 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description Arlington Hgts 2nd Sec Pt L53 Beg Nw Core 133.5Ft S 80Ft W 133.5Ft S 80Ftto Beg
Legal Description Arlington Hgts 2nd Sec Pt L53 Beg Nw Core 133.5Ft S 80Ft W 133.5Ft S 80Ftto Beg

Utilities

Heating system Forced Air

Building Details

Year built 1930
Floors in Building 1
Number of units 2
Listing Agency: Keller Williams Indy Metro S · Keller Williams Realty
Listed By: Gloria Gear · License #LB16001575
Added: May 18 Changed: Aug 28 Last Checked: Sep 1 at 12:06AM
MLS# 22099139

Copyright © 2026 Broker Listing Cooperative®. 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.

Built in 1930, this duplex contains two separate residential units, each arranged with its own living space, bedrooms, kitchen, and functional day-to-day layout. Both interiors receive natural light and provide private accommodations for occupants. Forced-air heating serves the property, while open parking is available outside.

The parcel encompasses 0.12 acres at 5623 E 18th Street in Indianapolis, within Marion County and ZIP code 46218. Exterior space provides room for outdoor use, complementing the two-unit configuration. The separate-unit arrangement supports flexible occupancy, whether maintained as a rental property or used with one unit occupied by the owner.

Key Highlights

  • Two separate residential units with private living spaces
  • 0.12‑acre parcel at 5623 E 18th Street, Indianapolis, IN 46218
  • Each unit includes bedrooms, a kitchen, and functional living areas

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Building Supply Dental Office Skin Care Clinic HVAC Service

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

903
Businesses Nearby

Demographics for 46218, IN

30,400
Population
15,343
Households
2
Avg Household Size
36
Median Age
11%
College-Educated
80%
High-School Grad
9.5 sq mi
ZIP Area
3,200
Density / Sq Mi
$34,635
Median Household Income
$29,745
Median Earnings
$1,056
Median Rent
$90,200
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 - Each residence includes a practical kitchen, living area, bedrooms, and private living space.
Where is this duplex located?
The property is located at 5623 E 18th Street Indianapolis, IN.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Two separate residential units with private living spaces; 0.12‑acre parcel at 5623 E 18th Street, Indianapolis, IN 46218; Each unit includes bedrooms, a kitchen, and functional living areas
More about this property
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