Duplex Portfolio with
For Sale
$262,500
8445 Bluff Road, Indianapolis, IN 46217
Residential Income, Indianapolis, IN
Property SizeContact for details
Lot Size0.41 Acres
Days on Market57
Property Features for 8445 Bluff Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 1, Bedroom 2, Bathroom 1
Subdivision
No Subdivision
Elementary school district
Perry Township Schools
Middle school district
Perry Township Schools
High school district
Perry Township Schools
Directions
GPS Friendly
Standard status
Active
APN
491421121012000500
Lot size
0.41 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Pt Se1/4 Ne1/4 S21 T14 R3 Beg 361.48' N & 670.86' W Of Se Cor P.O.B. Sw105.82' W215.36' Ne106.41' E214.34' To Beg .407 Ac
Tax Annual Amount
5680
Legal Description
Pt Se1/4 Ne1/4 S21 T14 R3 Beg 361.48' N & 670.86' W Of Se Cor P.O.B. Sw105.82' W215.36' Ne106.41' E214.34' To Beg .407 Ac
Utilities
Heating system
Electric (Heating)
Cooling system
Central Air
Building Details
Year built
1976
Floors in Building
1
Number of units
2
Building materials
Brick
Roof type
Shingle
Architectural style
Ranch
Listing Agency:
PHT Holdings LLC · Realty ONE Group
Listed By:
Justin Perrey
(317) 286-6588
Added: Aug 21
Changed: Sep 15
Last Checked: Oct 16 at 8:06AM
MLS# 22120485
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.
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Investment Insights
Based on property information with market context.
This residential income property comprises two brick duplex buildings with four total units, all currently rented. The ranch-style properties were built in 1976 and include four separate garages that can be leased for storage. Three units have been updated with new flooring, lighting, drywall, and interior paint. Major system improvements include a new shingle roof and gutters installed in 2024, new water heaters in three units between 2023 and 2025, and new HVAC systems in two units. Electrical panels have been replaced and are up to code.
The 0.41-acre property is served by well and septic systems, with the septic system pumped in 2026. Central air and electric heat serve the buildings, and the primary construction is brick. The property has an established tenant base, with reported on-time payment histories, while the additional garages provide a separate storage-rental component.
The 0.41-acre property is served by well and septic systems, with the septic system pumped in 2026. Central air and electric heat serve the buildings, and the primary construction is brick. The property has an established tenant base, with reported on-time payment histories, while the additional garages provide a separate storage-rental component.
Key Highlights
- Four total residential units, all currently rented
- Four separate garages available for storage rental
- Three units renovated with new flooring, lighting, drywall, and interior paint
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
59
Businesses Nearby
Explore this area
Business Placement
Demographics for 46217, IN
34,725
Population
14,078
Households
2.5
Avg Household Size
35
Median Age
33%
College-Educated
89%
High-School Grad
21.2 sq mi
ZIP Area
1,638
Density / Sq Mi
$88,326
Median Household Income
$46,909
Median Earnings
$1,370
Median Rent
$226,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Brick ranch duplexes provide occupied residential space plus separate garages suited for storage rentals.
Where is this duplex located?
The property is located at 8445 Bluff Road Indianapolis, IN.
What is the asking price?
The asking price for this property is $262,500.
What are key features of this property?
This property features: Four total residential units, all currently rented; Four separate garages available for storage rental; Three units renovated with new flooring, lighting, drywall, and interior paint
