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Fully Occupied Duplex
For Sale
$330,000

7618 Southfield Drive, Indianapolis, IN 46227

Residential Income, Indianapolis, IN

Property SizeContact for details
Lot Size0.31 Acres
Days on Market12

Property Features for 7618 Southfield Drive

General Information

Property type Residential Multi Family
Property subtype Duplex
Subdivision Southridge Village
Elementary school district Perry Township Schools
Middle school district Perry Township Schools
High school district Perry Township Schools
Directions GPS Friendly
Standard status Active
APN 491517106024000513
Lot size 0.31 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description Southridge Village 4th Sec L127
Legal Description Southridge Village 4th Sec L127

Building Details

Year built 1968
Floors in Building 1
Number of units 2
Building materials Brick
Listing Agency: Carpenter, REALTORS(R)
Listed By: Kim Nash
Added: Aug 10 Changed: Aug 21 Last Checked: Aug 21 at 10:06PM
MLS# 22115909

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 brick duplex contains two renovated residential units, each configured with 3 bedrooms and 1 bath. The property is fully occupied and includes a newer roof, offering established occupancy within a well-maintained structure built in 1968. The lot encompasses 0.31 acres at 7618 Southfield Drive in Indianapolis.

The property is positioned on the south side of Indianapolis, with Greenwood and Hwy 31 nearby. Restaurants, shopping, and downtown Indianapolis are also within the surrounding area. The existing two-unit layout and completed renovations provide a clear residential income configuration for ownership or continued leasing.

Key Highlights

  • Fully occupied duplex with two rental units
  • Each unit offers 3 bedrooms and 1 bath
  • Both units are fully renovated

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Dental Office Building Supply HVAC Service Parking Lot & Garage Gym & Fitness Center

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
100%
Occupancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

419
Businesses Nearby

Demographics for 46227, IN

62,126
Population
26,411
Households
2.4
Avg Household Size
33
Median Age
21%
College-Educated
83%
High-School Grad
16.7 sq mi
ZIP Area
3,720
Density / Sq Mi
$50,993
Median Household Income
$35,591
Median Earnings
$994
Median Rent
$192,600
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 - Brick property with renovated three-bedroom, one-bath units and a newer roof.
Where is this duplex located?
The property is located at 7618 Southfield Drive Indianapolis, IN.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: Fully occupied duplex with two rental units; Each unit offers 3 bedrooms and 1 bath; Both units are fully renovated
More about this property
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