Two-Unit Duplex with Detached
For Sale
$259,999
9104 W Hamilton Avenue, Indianapolis, IN 46234
Residential Income, Indianapolis, IN
Property Size2,098 SF
Lot Size0.95 Acres
Price / SF$123.93
Days on Market9
Property Features for 9104 W Hamilton Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 2
Parking features
Open
Fencing
Chain Link
Subdivision
William J Speer's
Lot features
Mature Trees
Elementary school district
MSD Wayne Township
Middle school district
MSD Wayne Township
High school district
MSD Wayne Township
Directions
GPS Friendly
Standard status
Active
APN
490521111007000904
Lot size
0.95 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
William J Speer's Add To Mechanicsburg L21, L22, L23 & 59' E Side L24
Tax Annual Amount
2802
Legal Description
William J Speer's Add To Mechanicsburg L21, L22, L23 & 59' E Side L24
Utilities
Heating system
Forced Air, Electric (Heating), Baseboard
Cooling system
Window Unit(s), Central Air
Building Details
Year built
1910
Floors in Building
1
Number of units
2
Roof type
Asphalt
Architectural style
Other
Listing Agency:
CENTURY 21 Scheetz · Century 21 Real Estate
(317) 705-2500
Listed By:
Sandra Hauanio
(317) 844-5111
Added: Oct 15
Changed: Oct 22
Last Checked: Oct 23 at 5:06PM
MLS# 22127295
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 one-level duplex contains two separate one-bedroom, one-bathroom residences totaling 2,098 square feet. Unit 9116 is approximately 1,100 square feet and includes an eat-in kitchen, laundry, and a front bonus room. Unit 9110 is approximately 989 square feet, with a three-season porch and an approximately 20' x 15' bedroom; its kitchen has updated cabinetry, quartz counters, a stainless steel sink, and LVP flooring.
The 0.95-acre property in Indianapolis includes a detached two-car garage, a detached one-car garage, and office and storage space connected to the larger garage with a separate entry. Additional site features include gravel parking, a partially fenced backyard, mature trees, creek frontage, and a covered patio with an extended concrete pad.
The 0.95-acre property in Indianapolis includes a detached two-car garage, a detached one-car garage, and office and storage space connected to the larger garage with a separate entry. Additional site features include gravel parking, a partially fenced backyard, mature trees, creek frontage, and a covered patio with an extended concrete pad.
Key Highlights
- Two one‑bedroom, one‑bathroom units totaling 2,098 square feet
- 0.95‑acre parcel with creek frontage and mature trees
- Detached two‑car garage plus detached one‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,143
Cap Rate
8.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$442,860
$442.9K
Cap Rate 7%
$316,329
$316.3K
Cap Rate 9%
$246,033
$246.0K
Market Conditions
NOI Build-Up for 2,098 SF
Gross rent
$34.0K $16.20/SF
− Vacancy
−$2.4K −$1.12/SF
EGI
$31.6K $15.08/SF
− OpEx
−$9.5K −$4.52/SF
NOI
$22.1K $10.55/SF
Area
Indianapolis, IN
Vacancy
6.93%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$442,860
Cap Rate 7%
$316,329
Cap Rate 9%
$246,033
Alternative Uses
Best Use
Multifamily LT 5
$316.3K
$276.8K – $369.1K
NOI $22,143 @ 7.0% cap · market cap 8.52%
Second Best
Apartment 5plus
$275.1K
$240.7K – $320.9K
NOI $19,254 @ 7.0% cap · market cap 7.41%
Theoretical Best
Office A
$522.2K
$457.0K – $609.3K
NOI $36,556 @ 7.0% cap · market cap 14.06%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
201
Businesses Nearby
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Business Placement
Demographics for 46234, IN
27,841
Population
10,929
Households
2.5
Avg Household Size
37
Median Age
37%
College-Educated
91%
High-School Grad
12.4 sq mi
ZIP Area
2,245
Density / Sq Mi
$83,137
Median Household Income
$46,060
Median Earnings
$1,524
Median Rent
$226,400
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 - Separate one-bedroom residences sit on a spacious parcel with garage capacity and attached office-storage space.
Where is this duplex located?
The property is located at 9104 W Hamilton Avenue Indianapolis, IN.
What is the asking price?
The asking price for this property is $259,999.
What are key features of this property?
This property features: Two one‑bedroom, one‑bathroom units totaling 2,098 square feet; 0.95‑acre parcel with creek frontage and mature trees; Detached two‑car garage plus detached one‑car garage
