405 North Keystone Avenue

Off Market

405 North Keystone Avenue

Indianapolis IN 46201

5053 sq. ft.

Duplex

Last sold for $455,250

Tyler Willis, last sold this property on 17 September 2026 after 188 days on market.

Overview

Turnkey investment opportunity in the heart of Indianapolis's growing urban core. This fully renovated duplex is a true multifamily asset featuring two large mirror-image units, each offering 3 bedrooms and 2.5 bathrooms-for a total of 6 bedrooms, 4 full baths, and 2 half baths. The property is fully leased and generating $4,320/month in rental income, providing immediate, stabilized cash flow from day one. Each unit welcomes tenants with a covered front porch and opens into bright living spaces with 9-foot ceilings, historic exposed brick, and open-concept layouts. Updated kitchens include stainless steel appliances, soft-close cabinetry, and butcher block countertops. The main level of each unit also features a guest half bath and in-unit washer & dryer hookups, enhancing tenant appeal and retention. Upstairs, both units offer two spacious bedrooms with walk-in closets and a shared full bath, leading to a private primary suite with vaulted ceilings, a large walk-in closet, and tiled shower. Additional features include new LVP flooring throughout, basement storage, rear deck, fenced backyard, and split storage garage-providing functional amenities that support long-term tenancy. Separate entrances and mirrored layouts allow for streamlined management and leasing consistency. This property offers proven rental performance and minimal near-term capital needs. Located just over 1.5 miles from the Bottleworks District and Mass Ave, with quick access via the updated New York and Michigan Street corridors, tenants benefit from proximity to some of Indianapolis' top dining, entertainment, and employment hubs-supporting strong rental demand and long-term appreciation. A clean, stabilized asset ideal for investors seeking immediate income and low-maintenance ownership in a high-growth downtown submarket.

Features

2 carspaces

2 garage spaces

5053 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 405 North Keystone Avenue is $200.95k.

Median value

$200.95k

Estimated value range

$20k - $700k

Median days on market

Estimated value trend

19%

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 405 North Keystone Avenue

2026

Sold

$455,250

17 Sep 2026 by Tyler Willis, of @properties

Happy sellers in Indianapolis

84%

84% 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, 145 duplexes similar to 405 North Keystone Avenue, have been sold.

This represents a 14% 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.

Andres Rodriguez

at Rodriguez Real Estate Group

(7 reviews)

Get a market analysis

Summer Hudson

at Find A Lot To Love

(240 reviews)

Get a market analysis

Virginia Iozzo

at DOMI Team

(2 reviews)

Get a market analysis

Chas Schaffernoth

at F.C. Tucker Company

(10 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

Andres Rodriguez

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

5 (7 reviews)
2 Reviews in Indianapolis
3 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 (240 reviews)
2 Reviews in Indianapolis
2 Sales in Indianapolis

View profile

Virginia Iozzo

Virginia Iozzo is a recommended agent for Indianapolis. They have 6 local sales and collected 1 local review across the last 12 months.

5 (2 reviews)
1 Review in Indianapolis
6 Sales in Indianapolis

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Chas Schaffernoth

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