251 S Emerson Avenue, Indianapolis, IN 46219

Indianapolis
Local realty services provided by:Better Homes and Gardens Real Estate Gold Key
251 S Emerson Avenue,Indianapolis, IN 46219
$209,900
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: craig deboor
Office: real broker, llc.
MLS#:22113240
Source:IN_MIBOR

Price summary

  • Price:$209,900

About this home

Charming Turn-Key Duplex in Historic Irvington's Campus Terrace - Strong Rental Income Opportunity. Nestled in the desirable Campus Terrace subdivision within Indianapolis' historic Irvington neighborhood, this 1942-built double/duplex offers timeless appeal and immediate cash flow potential. Irvington's tree-lined streets, rich architectural heritage, and strong community pride make it a favorite for both long-term tenants and investors. Property Features: * 2 fully tenant-occupied units - Turn-key and ready for new ownership * Spacious interiors with beautiful hardwood floors, bright living areas, and generous natural light * 0.16-acre lot with convenient location in a stable, high-demand rental pocket Priced to deliver strong returns, the current rents put this property just shy of the 1% rule at ~0.9% rent-to-price ratio - significantly outperforming the Indianapolis average by about 10 points. With room to optimize rents further and low vacancy risk in the Irvington...

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Home facts

  • Year built:1942
  • Listing ID #:22113240
  • Added:1 day(s) ago
  • Updated:July 10, 2026 at 10:41 PM

Rooms and interior

  • Basement:Yes
  • Basement Description:Basement

Structure and exterior

  • Year built:1942
  • Lot area:0.16 Acres
  • Lot Features:Street Lights, Zoned
  • Construction Materials:Vinyl With Brick
  • Foundation Description:Block

Finances and disclosures

  • Price:$209,900
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