Search
Duplex with Full Basement
For Sale
$199,900
Pending

802 E Raymond St, Indianapolis, IN 46221

Updated mechanical systems, included laundry appliances, and garage parking add practical appeal for residential rental operations.

Property SizeContact for details
Days on Market127

Property Features for 802 E Raymond St

General Information

Standard status Pending
Property subtype Residential Income

Additional Details

Highway Access Yes
Multifamily Units 2

Amenities

hardwood floors
washer/dryer
full dry basement
Listing Agency: Indiana Real Estate Alliance
Listed By: Randy Myers
Source: Exprealty
Added: Apr 30 Changed: Aug 31 Last Checked: Aug 31 at 7:58PM

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 Indiana Real Estate Alliance

Investment Insights

Based on property information with market context.

This duplex at 802 E Raymond St includes two residential units with hardwood flooring, generous closet storage, and appliances in each unit. Washers and dryers are included, along with a 2-car garage and additional off-street parking. The exterior has siding and updated windows, while newer HVAC systems and water heaters serve the property.

The property also provides a full dry basement. Adding egress windows would be required for conversion into another bedroom or living area. One unit has long-term tenants, while the Pleasant Run side is ready to rent. Garfield Park is nearby, with Downtown, Fountain Square, and Bates Hendricks a short distance away. I-65 is also readily accessible.

Key Highlights

  • Two‑unit duplex at 802 E Raymond St, Indianapolis, IN
  • Siding and updated windows provide a low‑maintenance exterior
  • Newer HVAC systems and water heaters

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Hair Salon Accounting Firm Daycare Center Computer & Electronic Repair (Bike/Boat/Book/etc) Store

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
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

396
Businesses Nearby

Demographics for 46221, IN

27,991
Population
11,120
Households
2.5
Avg Household Size
35
Median Age
16%
College-Educated
85%
High-School Grad
20.0 sq mi
ZIP Area
1,400
Density / Sq Mi
$58,316
Median Household Income
$40,665
Median Earnings
$1,111
Median Rent
$174,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Duplex - Updated mechanical systems, included laundry appliances, and garage parking add practical appeal for residential rental operations.
Where is this duplex located?
The property is located at 802 E Raymond St Indianapolis, IN.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Two‑unit duplex at 802 E Raymond St, Indianapolis, IN; Siding and updated windows provide a low‑maintenance exterior; Newer HVAC systems and water heaters
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message