216 S Emerson Avenue, Indianapolis, IN 46219

Indianapolis
Local realty services provided by:Schuler Bauer Real Estate ERA Powered
216 S Emerson Avenue,Indianapolis, IN 46219
$224,000
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:$224,000

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. The upstairs unit is currently occupied at $925 month-to-month, with the potential for future rent increases. The downstairs unit is currently vacant and features rent-ready renovations providing an immediate lease-up opportunity at market rent. Current expected market rents are between $1150-$1200 which makes this duplex meet the 1% rent to price criteria for investors. Investors can quickly increase cash flow by stabilizing the vacant unit and aligning rents with market levels. 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. Situated on Emerson...

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Home facts

  • Year built:1900
  • Listing ID #:22098346
  • Added:56 day(s) ago
  • Updated:June 26, 2026 at 02:58 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:$224,000
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