43 N Randolph Street, Indianapolis, IN 46201
Local realty services provided by:Schuler Bauer Real Estate ERA Powered
43 N Randolph Street,Indianapolis, IN 46201
$475,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by:edward neu
Office:neu real estate group
MLS#:22051424
Source:IN_MIBOR
Price summary
- Price:$475,000
About this home
Positioned in the heart of the rapidly redeveloping Arsenal Heights neighborhood, this ready to built duplex offers a rare chance to secure a modern, turnkey asset in one of downtown Indy's highest-demand rental corridors. Arsenal Heights is benefiting from significant revitalization and spillover growth from nearby Fountain Square, Mass Ave, and downtown's core employers. This submarket attracts young professionals, healthcare workers, and students seeking proximity to IU Health, Eli Lilly, and the Bottleworks District. Property Highlights New Construction Duplex: Two mirror units, each 3 bedrooms, 2 baths. Modern Design: Open floor plans, vinyl plank flooring, stainless steel appliances, energy-efficient systems. Low Maintenance: Built to minimize capex for the next 5-10 years - no deferred maintenance or hidden surprises. Parking: 2-car rear parking slab per unit plus on-street options. Tenant Appeal: Walkable to neighborhood amenities, minutes to downtown, Monon Trail, and major transit routes. Rent-Ready: Built with rental-grade finishes to attract quality tenants and minimize turnover costs Investment Metrics Projected Rents: $1,700-$1,900 per unit, depending on lease term & tenant profile. Pro Forma Gross Income: ~$40,800-$45,600 annually. Estimated Annual Expenses: ~$7,500-$8,000 per unit including property management. Cash-on-Cash Return: Target 8-10% with professional management in place. Appreciation Upside: Arsenal Heights continues to benefit from new residential infill, commercial upgrades, and sustained demand from nearby job centers. Key Advantages 1031 Exchange-Ready: Eligible for investors seeking to reposition capital tax efficiently. Strong Demand Drivers: Walkable, urban neighborhood with rising home values and limited new rental supply. Turnkey: No upfront renovation or heavy lift - your focus stays on leasing and cash flow from day one. Reach out to Alec Neu at 3172583080 to Learn More.
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Home facts
- Year built:2025
- Listing Id #:22051424
- Added:27 day(s) ago
- Updated:July 19, 2025 at 11:42 PM
Structure and exterior
- Year built:2025
- Lot area:0.09 Acres
Finances and disclosures
- Price:$475,000
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