Duplex with Separate
New
For Sale
$200,000
58 E Southern Avenue, Indianapolis, IN 46225
Residential Income, Indianapolis, IN
Property SizeContact for details
Lot Size0.22 Acres
Days on Market2
Property Features for 58 E Southern Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
1
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 1, Bathroom 1, Basement
Subdivision
Shrewburys Worthus Add
Lot features
Access, Corner Lot
Elementary school district
Indianapolis Public Schools
Middle school district
Indianapolis Public Schools
High school district
Indianapolis Public Schools
Directions
Located East of S Meridian Street and West of US 31/Madison Ave. North of Troy Ave and South of East Pleasant Run Parkway
Standard status
Active
APN
491124101016000101
Lot size
0.22 Acres
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Additional Details
Individually Metered Utilities
unspecified utilities
Taxes and HOA fees
Tax Year
2025
Tax Description
Shrewsubrys Add L23 & L24
Tax Annual Amount
3436
Legal Description
Shrewsubrys Add L23 & L24
Utilities
Heating system
Forced Air
Building Details
Year built
1923
Floors in Building
1
Number of units
2
Building materials
Aluminum Siding, Wood Siding
Roof type
Asphalt
Listing Agency:
CENTURY 21 Scheetz · Century 21 Real Estate
(317) 705-2500
Listed By:
Julie Steele
(317) 844-5111
Added: Oct 29
Last Checked: Oct 30 at 8:06AM
MLS# 22129608
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.
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Investment Insights
Based on property information with market context.
This 1923 duplex contains two units with similar layouts, each offering one bedroom, one bathroom, a private living area, a porch, and a basement. Separate utilities serve the units, and two off-street concrete parking spaces are included. Updates include vinyl plank flooring in the Southern Avenue unit, a replacement bathtub and sink, and updated lighting and ceiling fans. The roof is approximately 5 years old.
The property spans two parcels at a corner location near downtown Indianapolis, restaurants, shopping, and Garfield Park. One residence is leased through July 31, 2028; the other is available for occupancy or rental. Tenants pay utilities.
The property spans two parcels at a corner location near downtown Indianapolis, restaurants, shopping, and Garfield Park. One residence is leased through July 31, 2028; the other is available for occupancy or rental. Tenants pay utilities.
Key Highlights
- Two units, each with 1 bedroom, 1 bathroom, porch, and basement
- Separate utilities for each residence
- Two off‑street concrete parking spaces
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
2
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
479
Businesses Nearby
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Business Placement
Demographics for 46225, IN
6,503
Population
3,056
Households
2.1
Avg Household Size
35
Median Age
29%
College-Educated
81%
High-School Grad
4.0 sq mi
ZIP Area
1,626
Density / Sq Mi
$47,917
Median Household Income
$36,132
Median Earnings
$1,104
Median Rent
$123,600
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 - Two one-bedroom residences each include a basement and porch, with concrete parking for both units.
Where is this duplex located?
The property is located at 58 E Southern Avenue Indianapolis, IN.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Two units, each with 1 bedroom, 1 bathroom, porch, and basement; Separate utilities for each residence; Two off‑street concrete parking spaces
