216 S Emerson Avenue
Indianapolis, IN 46219
0
Bed
0
Bath
0.13Acre(Lot)
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 t
Property Details
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Map
What's Nearby
Nearby Areas
Features
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Room Information
Has Basement: Yes -
Flooring Information
Construction Materials: Wood Brick -
Heating & Cooling
Heating: Baseboard, Forced Air, Natural Gas
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Building Information
Year Built: 1900 -
Exterior Features
Storage Construction Materials: Wood Brick
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Lot Information
Lot Description: Sidewalks Lot Square Feet: 5619 Lot Acres: 0.13Property Information
Property Type: Residential Income Sub Type: Duplex Structure Type: Duplex
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Listing Price Information
Original List Price:$229000
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Tax Information
Tax Lot: 4 Tax Legal Description: H J Weesners Add L4 Tax Year: 2025 Parcel Number: 491009150001000101 Tax Exemption: None
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Virtual Tour
Parking Information
Alley Access
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Location Information
Subdivision: Weesners City: Indianapolis Direction: GPS Friendly
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 2220 N Kenyon Street, Indianapolis, IN, 46219 | $234,950 | -- | -- | -- | |
| 6203 E 12th Street, Indianapolis, IN, 46219 | $184,000 | -- | -- | -- | |
| 6131 E 13th Street, Indianapolis, IN, 46219 | $189,900 | -- | -- | -- | |
| 5972 Beechwood Avenue, Indianapolis, IN, 46219 | $225,000 | -- | -- | -- | |
| 307 N Arlington Avenue, Indianapolis, IN, 46219 | $309,900 | -- | -- | -- | |
| 5953 Rawles Avenue, Indianapolis, IN, 46219 | $190,000 | -- | -- | -- | |
| 5818 E New York Street, Indianapolis, IN, 46219 | $185,000 | -- | -- | -- | |
| 5724 Julian Avenue, Indianapolis, IN, 46219 | $950,000 | -- | -- | -- | |
| 247-249 S Emerson Avenue, Indianapolis, IN, 46219 | $385,000 | -- | -- | -- | |
| 1417 N Leland Avenue, Indianapolis, IN, 46219 | $285,000 | -- | -- | -- |
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Nearby For Sale
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ByOwner last updated this listing 06/23/2026 @ 06:20
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