Search
Victorian Duplex
New
For Sale
Contact for pricing

878 Fletcher Ave, Indianapolis, IN 46203

Two residences include a two-bedroom lower unit and a four-bedroom upper residence with additional third-floor flex space.

Property SizeContact for details
Days on Market5

Property Features for 878 Fletcher Ave

General Information

Standard status Active
Property subtype Multifamily
Listing Agency: Ever Indy Realty Group
Listed By: Kristin Glassburn · License #RB17001173
Source: Crexi
Added: Sep 23 Changed: Sep 26 Last Checked: Sep 26 at 2:25PM

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 Ever Indy Realty Group

Investment Insights

Based on property information with market context.

This two-unit Victorian property in Indianapolis, Indiana, has a two-bedroom, two-bathroom first-floor residence and a four-bedroom second-floor residence. Original hardwood floors, glazed tile fireplaces, and 10-foot ceilings remain in the lower unit, alongside a renovated kitchen. The upper residence includes a primary suite with an updated ensuite bath and walk-in closet, plus a renovated kitchen with newer appliances, cabinetry, and countertops. A third-floor flex area adds adaptable interior space, and a second-story balcony provides an outdoor feature. The property occupies a corner lot of nearly one-quarter acre.

Updates include two HVAC systems, a mini-split on the third floor, interior paint, flooring, kitchens and baths, and the garage and garage door. The property is currently operating as an Airbnb.

Key Highlights

  • Two‑unit property on a corner lot of nearly one‑quarter acre
  • First‑floor residence has 2 bedrooms and 2 full baths
  • Second‑floor residence has 4 bedrooms, including a primary suite with updated ensuite bath and walk‑in closet

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Electrical Service Locksmith Pet Grooming Service (Bike/Boat/Book/etc) Store Storage Facility Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,412
Businesses Nearby

Demographics for 46203, IN

38,224
Population
18,057
Households
2.1
Avg Household Size
34
Median Age
26%
College-Educated
79%
High-School Grad
13.9 sq mi
ZIP Area
2,750
Density / Sq Mi
$55,375
Median Household Income
$40,620
Median Earnings
$1,022
Median Rent
$155,500
Median Home Value

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 - Two residences include a two-bedroom lower unit and a four-bedroom upper residence with additional third-floor flex space.
Where is this duplex located?
The property is located at 878 Fletcher Ave Indianapolis, IN.
What is the asking price?
The asking price for this property is $655,000.
What are key features of this property?
This property features: Two‑unit property on a corner lot of nearly one‑quarter acre; First‑floor residence has 2 bedrooms and 2 full baths; Second‑floor residence has 4 bedrooms, including a primary suite with updated ensuite bath and walk‑in closet
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