Two-Unit Duplex Income
6525 Doris Drive Indianapolis, IN 46214
New
6525 Doris Drive, Indianapolis, IN, 46214
$285,000
For Sale
$285,000
MULTI_FAMILY - Indianapolis, IN
Property Size2,000 SF
Lot Size0.22 Acres
Price / SF$142.50
Days on Market4
Property Features for 6525 Doris Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- APN
- 490535111015000982
- Lot size
- 0.22 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Farleys Speedway Homeplace 17th Sec L907
Building Details
- Year built
- 1966
- Number of units
- 2
Listing Agency
United Real Estate Indpls
(317) 216-8800
E 86th St Ste 200 1425, Indianapolis, IN
Listed by
Debbie Pidgeon · License #RB18000670
(317) 255-7285
Added: Jul 14 Checked: Jul 17 at 4:06 pm
MLS# 22113617
Listing URL
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 duplex provides two separate residential units, each with 2 bedrooms and 1 bathroom. Each side is just under 1,000 square feet and includes a 1-car garage. Recent improvements include updated cabinetry, new carpet, and new flooring completed in 2026, along with a new exterior fence. Additional infrastructure updates include a new sewer from the house to the street in 2025.
One side is currently rented, with a stated lease end date of 3/31/2027, while the other unit is currently being advertised for rent. Included appliances vary by unit, with dishwashers and microwaves included for one side and a refrigerator and stove hood included for the other.
Located at 6525 Doris Drive in Indianapolis, the property offers a straightforward two-unit configuration designed for income-producing residential use.
One side is currently rented, with a stated lease end date of 3/31/2027, while the other unit is currently being advertised for rent. Included appliances vary by unit, with dishwashers and microwaves included for one side and a refrigerator and stove hood included for the other.
Located at 6525 Doris Drive in Indianapolis, the property offers a straightforward two-unit configuration designed for income-producing residential use.
Key Highlights
- Duplex built in 1966 with 2 beds/1 bath per side and just under 1,000 SF per side
- Each unit includes a 1‑car garage
- One side is rented for $1,500 with lease ending 3/31/2027
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.4k | $16.20 |
| − Vacancy | −$2.2k | −$1.12 |
| EGI | $30.2k | $15.08 |
| − OpEx | −$9.0k | −$4.52 |
| NOI | $21.1k | $10.55 |
2,000 SF · lease $16.20/SF/yr · vacancy 6.93% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$301.5K
$263.9K – $351.8K
NOI $21,108 @ 7.0% cap · market cap 7.41%
Second Best
Apartment 5plus
$262.2K
$229.4K – $305.9K
NOI $18,355 @ 7.0% cap · market cap 6.44%
Theoretical Best
Office A
$497.8K
$435.6K – $580.8K
NOI $34,848 @ 7.0% cap · market cap 12.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex offers two 2-bed, 1-bath units, each with a 1-car garage, recently refreshed with 2025–2026 updates.
Where is this duplex located?
The property is located at 6525 Doris Drive Indianapolis, IN.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Duplex built in 1966 with 2 beds/1 bath per side and just under 1,000 SF per side; Each unit includes a 1‑car garage; One side is rented for $1,500 with lease ending 3/31/2027
