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Two-Unit Duplex with Front Porch
For Sale
$480,000

842-844 N California Street, Indianapolis, IN 46202

Each residence includes three bedrooms, two full bathrooms, a half bath, and functional living areas.

Property SizeContact for details
Days on Market65

Property Features for 842-844 N California Street

General Information

Standard status Active
Property subtype Duplex

Units

Unit Mix 2 x 3BR/2.5BA
Multifamily Units 2

Amenities

front porch
backyard
off-street parking

Building Details

Year Built 1920
Listing Agency: Keller Williams Indy Metro Partners
Listed By: Michelle Chandler · License #RB14035890
Source: Luxcityrealty
Added: Jun 29 Changed: Aug 31 Last Checked: Aug 30 at 10:02PM

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 Indy Metro Partners

Investment Insights

Based on property information with market context.

Built in 1920, this duplex contains two residential units with matching three-bedroom, two-and-a-half-bath layouts. Each residence includes living areas, a kitchen, bedrooms, and a front porch, while the property also provides backyard space. Parking is available off-street from the alley, with additional street parking along the front of the property.

The duplex is located in the historic Ransom Place area, minutes from downtown Indianapolis. IU Indianapolis, Purdue University Indianapolis, and the new downtown hospital campus are each within a few blocks. Restaurants, entertainment venues, sporting events, cultural attractions, and major employers are also identified as part of the surrounding downtown setting.

Key Highlights

  • Two‑unit duplex with each residence offering 3 bedrooms and 2.5 bathrooms
  • Built in 1920
  • Front porch and backyard outdoor space

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Veterinary Clinic Locksmith Tanning Salon Garden 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

Location Intelligence

Trade Area within ½ mile

4,840
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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Each residence includes three bedrooms, two full bathrooms, a half bath, and functional living areas.
Where is this duplex located?
The property is located at 842-844 N California Street Indianapolis, IN.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: Two‑unit duplex with each residence offering 3 bedrooms and 2.5 bathrooms; Built in 1920; Front porch and backyard outdoor space
More about this property
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