251 S Emerson Ave

Off Market

251 S Emerson Ave

Indianapolis IN 46219

6752 sq. ft.

Duplex

Last sold for $197,000

Craig DeBoor, last sold this property on 11 September 2026 after 63 days on market.

Overview

Charming Turn-Key Duplex in Historic Irvington's Campus Terrace - Strong Rental Income Opportunity. Nestled in the desirable Campus Terrace subdivision within Indianapolis' historic Irvington neighborhood, this 1942-built double/duplex offers timeless appeal and immediate cash flow potential. Irvington's tree-lined streets, rich architectural heritage, and strong community pride make it a favorite for both long-term tenants and investors. Property Features: * 2 fully tenant-occupied units - Turn-key and ready for new ownership * Spacious interiors with beautiful hardwood floors, bright living areas, and generous natural light * 0.16-acre lot with convenient location in a stable, high-demand rental pocket Priced to deliver strong returns, the current rents put this property just shy of the 1% rule at ~0.9% rent-to-price ratio - significantly outperforming the Indianapolis average by about 10 points. With room to optimize rents further and low vacancy risk in the Irvington area, this is a solid addition to any investment portfolio. Whether you're drawn to the historic charm of Irvington's winding streets and preserved homes, or the reliable income from a well-maintained duplex, this property checks all the boxes. Don't miss your chance to own a piece of one of Indianapolis' most beloved historic communities!

Features

6752 sq. ft. lot size

Duplex

Estimated Value

Based on this property and similar duplexes sold in Indianapolis over the last 12 months, the estimated median property value of 251 S Emerson Ave is $200k.

Median value

$200k

Estimated value range

$37k - $442.5k

Median days on market

Estimated value trend

increase over the last 12 months

Average days on market is based on recent, comparable sales in Indianapolis. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 251 S Emerson Ave

2026

Sold

$197,000

11 Sep 2026 by Craig DeBoor, of Real Broker, LLC

2018

Sold

$80,000

23 Jan 2018 by Rich Costello, of Carpenter Realtors - East

Happy sellers in Indianapolis

90%

90% 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 10 reviews in Indianapolis over the last 12 months.

Local market activity for duplexes in Indianapolis

In the last 12 months, 35 duplexes similar to 251 S Emerson Ave, have been sold.

This represents a 42% increase in duplexes sales when compared to the previous 12 months.

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Indianapolis for a market analysis.

Erik Wentz

at F.C. Tucker Company

(33 reviews)

Get a market analysis

Barbara Whiteside

at Keller Williams Indy Metro NE

(84 reviews)

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Summer Hudson

at Find A Lot To Love

(238 reviews)

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Nathan Pfahler

at Weichert, REALTORS - Cooper Group

(44 reviews)

Get a market analysis

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Indianapolis

Erik Wentz

Erik Wentz is a recommended agent for Indianapolis. They have 2 local sales and collected 3 local reviews across the last 12 months.

5 (33 reviews)
3 Reviews in Indianapolis
2 Sales in Indianapolis

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Barbara Whiteside

Barbara Whiteside is a recommended agent for Indianapolis. They have 2 local sales and collected 3 local reviews across the last 12 months.

5 (84 reviews)
3 Reviews in Indianapolis
2 Sales in Indianapolis

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Summer Hudson

Sellers who recommend Summer Hudson have praised them for being local expert, clear communication, responsive, supportive, honest, patient, and great negotiation

5 (238 reviews)
2 Reviews in Indianapolis
3 Sales in Indianapolis

View profile

Nathan Pfahler

Nathan Pfahler is an award winning recommended agent for Indianapolis. They have 3 local sales and collected 1 local review across the last 12 months.