216 S Emerson Avenue, Indianapolis, IN 46219

Indianapolis
Local realty services provided by:Better Homes and Gardens Real Estate Gold Key
216 S Emerson Avenue,Indianapolis, IN 46219
$229,000
Virtual Tour
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: mihir bhimaraju
Office: real broker, llc.
MLS#:22098346
Source:IN_MIBOR

Price summary

  • Price:$229,000

About this home

Value-add duplex opportunity on Emerson Avenue offering high visibility, strong rental demand, and clear upside through rent growth. This newly renovated property features two 2 bed / 1 bath units with separate electrical meters, helping reduce operating expenses and maximize net income. One unit is currently vacant and features recent renovations, making it rent-ready and providing an immediate lease-up opportunity at market rent. The second unit is occupied with the potential for future rent increases. Investors can quickly increase cash flow by stabilizing the vacant unit and aligning rents with market levels. Current expected market rents are between $1150-$1200. With continued demand in the area, there is a clear path to forced appreciation through rent growth and improved operational efficiency, with additional upside available through light interior upgrades or strategic repositioning. Situated on Emerson Avenue, the property benefits from high visibility, easy access to...

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Home facts

  • Year built:1900
  • Listing ID #:22098346
  • Added:11 day(s) ago
  • Updated:May 12, 2026 at 02:40 PM

Rooms and interior

  • Basement:Yes
  • Basement Description:Basement, Unfinished

Heating and cooling

  • Heating:Baseboard, Forced Air

Structure and exterior

  • Year built:1900
  • Lot area:0.13 Acres
  • Lot Features:Sidewalks
  • Construction Materials:Wood Brick
  • Exterior Features:Storage

Finances and disclosures

  • Price:$229,000
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