Newly Built
New
For Sale
$375,000
806 Bates St, Indianapolis, IN 46202
The residence includes two bedrooms, two full bathrooms, granite countertops, and stainless steel appliances.
Property Size2,682 SF
Price / SF$139.82
Days on Market2
Property Features for 806 Bates St
General Information
Standard status
Active
Size
2,682 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
1
Amenities
granite countertops
stainless steel appliances
tiled surrounds
granite vanity tops
Building Details
Year Built
2026
Listing Agency:
Keller Williams Indpls Metro N
Listed By:
Tony Reffeitt
(317) 520-8980
Source:
Realintegrity
Added: Oct 4
Last Checked: Oct 5 at 6:00PM
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 Keller Williams Indpls Metro N
Investment Insights
Based on property information with market context.
Built in 2026, this duplex property is described with a 936-square-foot living area, two bedrooms, and two full bathrooms. Interior finishes include granite countertops, stainless steel appliances, tiled bathroom surrounds, and granite vanity tops. The property is broker-owned.
Located at 806 Bates St in Indianapolis, the property combines a defined residential layout with contemporary interior finishes.
Located at 806 Bates St in Indianapolis, the property combines a defined residential layout with contemporary interior finishes.
Key Highlights
- Built in 2026
- 936 square feet of living area
- Two bedrooms and two full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,306
Cap Rate
7.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$566,120
$566.1K
Cap Rate 7%
$404,371
$404.4K
Cap Rate 9%
$314,511
$314.5K
Market Conditions
NOI Build-Up for 2,682 SF
Gross rent
$43.4K $16.20/SF
− Vacancy
−$3.0K −$1.12/SF
EGI
$40.4K $15.08/SF
− OpEx
−$12.1K −$4.52/SF
NOI
$28.3K $10.55/SF
Area
Indianapolis, IN
Vacancy
6.93%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$566,120
Cap Rate 7%
$404,371
Cap Rate 9%
$314,511
Alternative Uses
Best Use
Multifamily LT 5
$404.4K
$353.8K – $471.8K
NOI $28,306 @ 7.0% cap · market cap 7.55%
Second Best
Apartment 5plus
$351.6K
$307.7K – $410.2K
NOI $24,614 @ 7.0% cap · market cap 6.56%
Theoretical Best
Office A
$667.6K
$584.1K – $778.9K
NOI $46,731 @ 7.0% cap · market cap 12.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,645
Businesses Nearby
Explore this area
Business Placement
Demographics for 46202, IN
22,217
Population
12,297
Households
1.8
Avg Household Size
29
Median Age
62%
College-Educated
91%
High-School Grad
5.5 sq mi
ZIP Area
4,039
Density / Sq Mi
$61,082
Median Household Income
$40,499
Median Earnings
$1,258
Median Rent
$420,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - The residence includes two bedrooms, two full bathrooms, granite countertops, and stainless steel appliances.
Where is this duplex located?
The property is located at 806 Bates St Indianapolis, IN.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Built in 2026; 936 square feet of living area; Two bedrooms and two full bathrooms
