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216 S Emerson Ave

Indianapolis IN 46201

5619 sq. ft.
Duplex
Currently for sale - view listing

Overview

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.

Features

5619 sq. ft. lot size
Duplex

Property history for 216 S Emerson Ave

2017
Rented
Undisclosed
31 Dec 2017 by Kline Properties, Inc.

Happy sellers in Indianapolis

92%
92% of sellers in Indianapolis reported that their sale price either exceeded or met their price expectations.

Indianapolis stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 5 reviews in Indianapolis over the last 12 months.

Local market activity for duplexes in Indianapolis

In the last 12 months, 171 duplexes similar to 216 S Emerson Ave, have been sold.

This represents a 64% decrease in duplexes sales when compared to the previous 12 months.

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