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… Read More 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 downtown Indianapolis (approximately 10 minutes), and close proximity to dining, retail, and entertainment in the vibrant Irvington district. This location continues to attract tenants seeking convenience and neighborhood character, supporting long-term occupancy and rental growth. The property also presents a strong house hack opportunity for owner-occupants to live in one unit while renting out the other to offset their mortgage, making it attractive to both investors and primary buyers. Ideal for those seeking a light value-add asset with immediate income potential and the ability to drive returns through rent increases and long-term appreciation. Read Less
Courtesy of Real Broker, LLC, 513-264-7638.
Listing Snapshot
Days Online
30
Last Updated
Property Type
Duplex
Lot Size
0.13 Acres
Year Built
1900
MLS Number
22098346
30 Days Snapshot Of 46219
$214k
0%
(avg) sold price
55
+52%
homes sold
79
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Description: "Interior Entry", "Unfinished"
Building
Construction Materials: "Wood Brick", Levels: "Two", Year Built: 1900
The data relating to real estate for sale on this website comes courtesy of MIBOR REALTOR® Association as distributed by MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.”
Based on information submitted to the MLS GRID as of ,
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