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$229,000

For Sale

6 hours ago

216 S Emerson Ave, Indianapolis, IN

House

MLS® 22098346

0 Bed

0 Bath

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  • Key Facts
  • Description
  • Map

Key Facts

Type Duplex
Levels Residential Income
Size -
Garage 
Taxes 
Days Active 0
Lot Size 
Approx. Age 1900
MLS® Number 22098346

Property Address: 216 S Emerson Ave, Indianapolis, IN, 46219-6912

Average square foot calculated using Size range provided by listing agent.

Description

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 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.
MLS® Number22098346
Laundry LevelLower
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1900
BasementInterior Entry, Unfinished
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 1, 2026List Date
$229,000List Price
  • Commute

Commute

Starting Address
Destination Address
216 S Emerson Ave, Indianapolis, IN

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