8325 Lake Road, Indianapolis, IN 46217
MULTI_FAMILY - Ranch - Indianapolis, IN
- Added:
- Apr 15, 2026
- Days on Market:
- 62
- Last Refresh:
- Jun 15 at 3:06 pm
Property Features for 8325 Lake Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Exterior features
- Barn Mini, Barn Pole
- Standard status
- Pending
- APN
- 491420109006000500
- Lot size
- 0.50 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- Beg 893.33Ft N Of Sw Cor S 100Ft E 217.80Ft N100ft W 217.80Ft E1/2 Se1/4 S20 T14 R3 0.50Ac
Utilities
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air
Building Details
- Year built
- 1968
- Floors in Building
- 1
- Number of units
- 2
- Building materials
- Stone
- Roof type
- Asphalt
- Architectural style
- Ranch
Listing agent Daniel Nohe License #RB15000897 (317) 538-5885
Listing office Weichert REALTORS(R) Cooper Group Indy Fort Wayne Ave 816, Fishers, IN (317) 538-5885
Listing date Apr 15, 2026
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.
HighLights
- Duplex in Perry Township (Marion County) built in 1968 with two 2BR/1BA units, each 810 SF
- Each unit has fenced rear yard; lot size is 1/2 acre
- 8325 (south unit) includes a 24x40 pole barn/garage with electricity, poured concrete floor, and overhead door with opener
- Recent updates include new roof (2017), gutters (2013), well pump/pressure tank/switch, and shared well services for both units
- HVAC: forced air natural gas heating with central air; systems have been well maintained
- Unit upgrades: 8323 (north) updated with LVP flooring in kitchen/bath/laundry (2025) plus water heater (2020); 8325 has water heater (2024) and pole barn opener controls (2020)
Overview
The property sits on a roughly half-acre lot and includes outbuildings tailored to unit 8325 (south unit), which features a 24-by-40 pole barn/garage with electricity, a poured concrete floor, and an overhead door with opener controls. Unit 8323 (north unit) has a mini barn. Recent improvements include updates to the well pump, pressure tank, and switch serving both units, plus a 2015? (roof year given: 2017) roof and gutters from 2013, with a water softener installed in 2020. HVAC systems have been maintained, and each unit has had key mechanical updates, including water heater replacements in 2020 and 2024.
For buyers, the layout supports an owner-occupant scenario where one side can be used while the other is rented. With separate rear yards and dedicated storage/outbuilding space, the property can appeal to tenants seeking privacy and practical on-site utility.
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 | $26.2k | $16.20 |
| − Vacancy | −$1.8k | −$1.12 |
| EGI | $24.4k | $15.08 |
| − OpEx | −$7.3k | −$4.52 |
| NOI | $17.1k | $10.55 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Indianapolis
- County
- Hamilton
- State
- Indiana
- Longitude
- -86.217484
- Latitude
- 39.643779
