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Listed by Edward Neu • Neu Real Estate Group
$475,000
Est. payment /mo
3,920 Sqft Lot
New
43 N Randolph ST Indianapolis, IN 46201
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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision State Plaza
MLS Listing ID 22051424
Year Built 2025
Tax Year 2024
Lot Size 3,920 Sqft
Acres 0.09
Property Sub-Type Duplex
Property Description
Positioned in the heart of the rapidly redeveloping Arsenal Heights neighborhood, this ready to built duplex offers a rare chance to secure a modern, turnkey asset in one of downtown Indy's highest-demand rental corridors. Arsenal Heights is benefiting from significant revitalization and spillover growth from nearby Fountain Square, Mass Ave, and downtown's core employers. This submarket attracts young professionals, healthcare workers, and students seeking proximity to IU Health, Eli Lilly, and the Bottleworks District. Property Highlights New Construction Duplex: Two mirror units, each 3 bedrooms, 2 baths. Modern Design: Open floor plans, vinyl plank flooring, stainless steel appliances, energy-efficient systems. Low Maintenance: Built to minimize capex for the next 5-10 years - no deferred maintenance or hidden surprises. Parking: 2-car rear parking slab per unit plus on-street options. Tenant Appeal: Walkable to neighborhood amenities, minutes to downtown, Monon Trail, and major transit routes. Rent-Ready: Built with rental-grade finishes to attract quality tenants and minimize turnover costs Investment Metrics Projected Rents: $1,700-$1,900 per unit, depending on lease term & tenant profile. Pro Forma Gross Income: ~$40,800-$45,600 annually. Estimated Annual Expenses: ~$7,500-$8,000 per unit including property management. Cash-on-Cash Return: Target 8-10% with professional management in place. Appreciation Upside: Arsenal Heights continues to benefit from new residential infill, commercial upgrades, and sustained demand from nearby job centers. Key Advantages 1031 Exchange-Ready: Eligible for investors seeking to reposition capital tax efficiently. Strong Demand Drivers: Walkable, urban neighborhood with rising home values and limited new rental supply. Turnkey: No upfront renovation or heavy lift - your focus stays on leasing and cash flow from day one. Reach out to Alec Neu at 3172583080 to Learn More.
Location
State IN
County Marion
Interior
Fireplace N
Building
New Construction true
Schools
School District Indianapolis Public Schools

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