Search
Under-Construction Duplex
New
For Sale
$375,000

806 Bates Street, Indianapolis, IN 46202

Residential Income, Indianapolis, IN

Property Size936 SF
Lot Size0.06 Acres
Price / SF$400.64
Days on Market1

Property Features for 806 Bates Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Property condition Under Construction
Bedrooms 2
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 1, Bathroom 1, Bedroom 2, Bathroom 2
Subdivision No Subdivision
High school Arsenal Technical High School
Elementary school district Indianapolis Public Schools
Middle school district Indianapolis Public Schools
High school district Indianapolis Public Schools
Directions GPS Friendly
Standard status Active
APN 491112187005000101
Lot size 0.06 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description Spann & Smiths Sub L2 Ol89
Tax Annual Amount 522
Legal Description Spann & Smiths Sub L2 Ol89

Building Details

Year built 2026
Number of units 2
Listing Agency: Neu Real Estate Group
Listed By: Alec Neu · License #RB26000583
Added: Oct 2 Last Checked: Oct 2 at 8:06PM
MLS# 22128499

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.

Investment Insights

Based on property information with market context.

This duplex is under construction, with completion identified for 2026. The described residence has 936 square feet, two bedrooms, and two full bathrooms. Interior details include granite countertops, stainless steel appliances, tiled shower surrounds, and granite vanity tops. The property occupies a 0.06-acre lot in Indianapolis.

Key Highlights

  • Duplex under construction; year built listed as 2026
  • Residence described as 936 square feet with 2 bedrooms and 2 full bathrooms
  • 0.06‑acre lot

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence
Open Analytics

Current Use

Duplexes

Suggested Use

Top Pick Pet Grooming Service (Bike/Boat/Book/etc) Store Butcher Nursing Home HVAC Service Carpet & Flooring 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

1
Residential units

Location Intelligence

Trade Area within ½ mile

2,645
Businesses Nearby

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
View Realmo Analytics

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 - Granite counters, stainless steel appliances, and tiled bathroom surrounds are planned for the residence.
Where is this duplex located?
The property is located at 806 Bates Street 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: Duplex under construction; year built listed as 2026; Residence described as 936 square feet with 2 bedrooms and 2 full bathrooms; 0.06‑acre lot
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
Why this one?
Saved
Reason not saved — we won't ask again