3102 Central Avenue

Off Market

3102 Central Avenue

Indianapolis IN 46205

3615 sq. ft.

Duplex

Last sold for $235,000

Peter Stewart, last sold this property on 03 August 2026 after 552 days on market.

Overview

Exceptional investor opportunity with immediate income and significant upside in the heart of Mapleton-Fall Creek! This 1910 side-by-side duplex offers a turnkey, cash-flowing asset priced more than $100K below its recent purchase price for an expedited sale. Each mirrored 3BR/1.5BA unit offers approximately 1,700 sq ft across multiple levels, featuring spacious open-concept main floors with high ceilings, decorative fireplaces, upper-level laundry, full unfinished basements, third-floor bonus/flex rooms, and a rare attached garage. Cosmetically updated in 2022, including kitchens, baths, flooring, and more, the property is fully occupied with tenant-paid utilities and leases running into mid-to-late 2027. Currently professionally managed by Polaris for a seamless transition, both units rent for $1,095/month-well below market, with Rentometer showing 3BR rents in this pocket can exceed $1,900/month. Additional value-add potential exists by adding central AC to the existing ductwork, which could further boost rent, tenant appeal, and property value. While the roof, furnaces, and water heaters are older, all are functioning properly with no known issues; the 3104 water heater is approximately 5 years old. Positioned in a high-demand D-8 zone between Downtown and Broad Ripple, tenants enjoy convenient access to IU Health, 16 Tech, the Monon Trail, State Fairgrounds, Newfields, Butler & Marian College, the Children's Museum, and more. This is a compelling multifamily asset with strong tenant appeal, immediate cash flow, below-market rents, and long-term upside, making it the perfect portfolio builder. Property is being sold as-is.

Features

1 carspace

1 garage space

3615 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 3102 Central Avenue is $310k.

Median value

$310k

Estimated value range

$76.4k - $700k

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 3102 Central Avenue

2026

Sold

$235,000

03 Aug 2026 by Peter Stewart, of Keller Williams Indpls Metro N

2022

Sold

$362,500

24 Jun 2022 by Devon Hicks, of T&H Realty Services, Inc.

2021

Sold

$147,000

28 May 2021 by Mark Jones, of PMI Midwest

Happy sellers in Indianapolis

94%

94% 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 6 reviews in Indianapolis over the last 12 months.

Local market activity for duplexes in Indianapolis

In the last 12 months, 64 duplexes similar to 3102 Central Avenue, have been sold.

This represents a 4% 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.

Summer Hudson

at Find A Lot To Love

(240 reviews)

Get a market analysis

Damian Szostak

at DNA Properties, LLC

(9 reviews)

Get a market analysis

Frank W. Tinsley

at Tinsley Realty

(100 reviews)

Get a market analysis

Bif Ward

at F.C. Tucker Company

(28 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

Summer Hudson

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

5 (240 reviews)
2 Reviews in Indianapolis
3 Sales in Indianapolis

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Damian Szostak

Damian Szostak is a recommended agent for Indianapolis. They have collected 2 local reviews across the last 12 months.

5 (9 reviews)
2 Reviews in Indianapolis

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Frank W. Tinsley

Sellers who recommend Frank W. Tinsley have praised them for being local expert, responsive, clear communication, detail-oriented, friendly, patient, and supportive