7020 - 7032 Twin Oaks Drive Indianapolis, IN $ 350,000
7020 - 7032 Twin Oaks Drive
$ 350,000
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7020 - 7032 Twin Oaks Drive

Indianapolis, IN, 46226
$ 350,000
Bedrooms-- Baths-- Sq 6,794

Monthly Estimate*

$ 2,417

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Commercial Property for sale in Indianapolis, IN

for $350,000. This 6,794 square foot building was built on a lot size of 0.6.

This building is currently set up as 7 units - 2 units are 1bd 1bath = There are 2 units with 3bd 2bath - 2 units with 3 Beds 1 bath - There is one very large 2bd 1 bath that should be divided to 2 units. Based on the rent schedule for the apartment complex immediately to the East of this building & current Section 8 allowable rents you can expect Gross Rents to be at $125,000yr (@100% occupancy). Once the rehab/cash out is complete you'll have a Building worth approx. 1.2 - 1.4 mil. The Building was stabalized & the roof & decking were torn off & replaced in the summer of 2023. The building is gutted to the studs. All 7 sewer lines are clear to the street (July 2026). The parking lot is large enough to park Food Trucks or add storage or a laundry room. A fresh survey and 8' privacy fence along the North Side have been completed. The walking traffic is huge in this area - Placing vending machines in the alcoves could generate significant additional income. A recent survey & interior scan is now available. The East side of Indianapolis is considered a good rental area with grocery choices, shopping, mass transit (1 blk away) and entry level and labor jobs available close by. The pictures have been updated and video added.

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Commercial Active

Price

$ 350,000

Property Type

Commercial

Taxes

$ 4,936

Style

Multi Family

Lot Size

0.6

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

22127288

Features
General
Heating None
Cooling None
Utilities See Remarks
Possession Closing
Zoning Apartment General
Construction Materials Brick
Stories Count 2
Township Warren
Levels Two
Property Subtype Multi Family
Tax Year 2025
Current Use Apt<20
County Marion
New Construction N
Property Type Commercial Sale
Facing Direction South
Possible Use Apt<20
Status Active
Directions GPS Friendly
High School Arsenal Technical High School
City Indianapolis
High School District Indianapolis Public Schools
Number Of Units Total 7
MLS Area 4905 - Marion - Warren
Lot Size Square Feet 26267
Property Attached Y/N N
Additional Parcels Y/N N
Structure Type Apartment Building
Standard Status Active
Tax Lot 1
Legal Description Pt Nw1/4 Nw1/4 S24 T16 R4 Beg 1065.1Ft S & 231.5Fte Of Nw Cor E 210Ft S 110Ft W 210Ft N 110Ft Tobeg. 0.603Ac Kingston Squareapts
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Exterior
Foundation Details Slab
Building Area Total 6794
Lot Size Acres 0.6
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Interior
Basement (Y/N) N
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* Excluded Features
List By
United Real Estate Indpls

Broker

obanion.cathy@gmail.com

Email

Affordability Calculator

$2,829
Per Month
85%
15%
0%
Monthly Principal & Interest
$2,417
Monthly Property Taxes
$411
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4044905 Elementary School
4044909 Middle School
Arsenal Technical High School High School
Pricing History
Date Price Price Change Description
9/21/2026 $350,000 Listed Price

Map


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7020 - 7032 Twin Oaks Drive, Indianapolis, IN, 46226 is a Commercial Property for sale at $350,000 with 6,794 sqft and a lot size of 0.6. The property's zip code is 46226 which is in Indianapolis, IN