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212 S Emerson Avenue Indianapolis, IN $ 189,000
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212 S Emerson Avenue
$ 189,000
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212 S Emerson Avenue

Indianapolis, IN, 46219
$ 189,000
Bedrooms-- Baths0.0

Monthly Estimate*

$ 1,305

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Multi-Family Home for sale in Indianapolis, IN

for $189,000. This home was built in 1980 on a lot size of 0.15.

Exceptional investment or house-hacking opportunity on Indianapolis's near eastside, perfectly situated on the edge of Christian Park and directly across from historic Irvington. Located with no HOA, this solid duplex sits just minutes from Irvington's vibrant shops and dining, Christian Park, Community East Hospital, and under 10 minutes to Downtown Indy. The property features a massive wraparound front porch and a large fenced backyard with alley access for off-street parking, with tenants currently handling lawn care. The upper 2-bed, 1-bath unit is occupied generating immediate cash flow at $950/month, while the spacious 1,100 sq ft main-level 2-bed, 1-bath unit is vacant and ready for an owner-occupant or immediate lease (marketed at $899/month). The lower unit boasts a large formal living room, formal dining room with classic hardwood floors, a generously sized kitchen, full bath, large rear deck, and an unfinished basement with laundry hookups and plenty of storage. Electricity is separately metered and tenant-paid. The owner currently covers water/sewer, and gas, offering immediate upside by instituting a flat utility fee to boost net operating income. Offered in solid, rental-grade condition with no known immediate large repairs needed, this turnkey property provides immediate returns today plus built-in equity potential through cosmetic updates to maximize market rents and overall value.

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Multi-Family Active

Price

$ 189,000

Property Type

Multi-Family

Taxes

$ 2,692

Style

Duplex

Lot Size

0.15

Year Built

1980

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

22134858
Features
General
Heating Forced Air
Cooling Central Air
Possession Closing Subject To Tenant Rights
Zoning ZO01
Year Built 1980
Tenant Pays Electricity
Township Center
Levels Two
Property Subtype Duplex
Tax Year 2025
Current Use Apt<20
County Marion
New Construction N
Property Type Residential Income
Subdivision Name Irvington
Facing Direction East
Status Active
Directions GPS Friendly
City Indianapolis
High School District Indianapolis Public Schools
Number Of Units Total 2
MLS Area 4910 - Marion - Center
Lot Size Square Feet 6316
Property Attached Y/N N
Current Financing Conventional
Additional Parcels Y/N N
Virtual Tour https://indy-realty-pics.aryeo.com/sites/epgkgkwn/unbranded https://indy-realty-pics.aryeo.com/sites/212-s-emerson-ave-indianapolis-in-46219-30524039/branded
Structure Type Duplex
Standard Status Active
Tax Lot 3
Legal Description Weesners Sub To Irvington L3
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Interior
Basement Unfinished
Basement (Y/N) Y
Laundry Features Connections All Main Level
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Exterior
Fencing Full Privacy
Parking Features Alley Access
Lot Size Acres 0.15
Waterfront Y/N N
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* Excluded Features
List By
Keller Williams Indpls Metro N

Broker

peter@peterstewartrealty.com

Email

Affordability Calculator

$1,530
Per Month
85%
15%
0%
Monthly Principal & Interest
$1,305
Monthly Property Taxes
$224
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
Unknown High School High School
See complete school information
Pricing History
Date Price Price Change Description
11/5/2026 $189,000 Listed Price

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212 S Emerson Avenue, Indianapolis, IN, 46219 is a Multi-Family Home for sale at $189,000 with a lot size of 0.15. 212 S Emerson Avenue has 0.0 baths and was built in 1980. The property's zip code is 46219 which is in Indianapolis, IN

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