227 N Hamilton Avenue, Indianapolis, IN 46201
Johnson & Hogshire · Marion County
Key Facts
Description
Exceptional investment opportunity in Downtown Indianapolis! This brand-new, all-brick duplex is professionally built with high-quality materials and modern finishes throughout, featuring two spacious 2-bed, 2-bath units each with its own dedicated garage bay. Tenant-ready interiors include open-concept living, durable LVP flooring, stainless steel appliances, granite countertops, and in-unit laundry. Designed for long-term durability and low-maintenance ownership, the property supports market rents of approximately $1,750 per unit, delivering strong projected returns with minimal effort. Prime location near downtown amenities, job centers, dining, entertainment, and major highways ensures consistent rental demand and excellent portfolio stability. Ideal for 1031 buyers and out-of-state investors seeking a high-quality new construction asset with strong cash-flow and appreciation potential in a rapidly developing area.
Property Information
Property Type
Residential Income
Sub-Type
Duplex
Structure Type
Duplex
Year Built
2025
Lot Size
0.12 acres
Garage Spaces
1
Days on Market
255
MLS® Listing#
22070516
Property Features
Cooling
Heating
Laundry
Construction
Financial Details
Parcel Number
491006106024000101
Directions
GPS Friendly
Affordability Calculator
$90,000
Estimated monthly payment
$2,395/mo
Principal $359,999 · Est. interest $502,231 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Indianapolis, IN
- $277,883
- Median Listing Price
- 54
- Median Days on Market
- 1,632
- Median Sq Ft
- $159
- Median Price / Sq Ft
- 3,270
- Active Listings
- This home’s price is 62% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Indianapolis, IN.
Location
Points of Interest in Indianapolis, IN
Showing the Indianapolis area map.
Nearby Schools
Thomas Gregg Neighborhood School
School · 0.4 mi away
Holy Cross Central School
School · 0.5 mi away
St Philip Neri School
School · 0.6 mi away
Urban Act Academy
School · 0.6 mi away
Arsenal Technical High School
Secondary · 0.7 mi away
Paramount Englewood
Secondary · 0.7 mi away
Purdue Polytechnic High Schools
Secondary School · 0.7 mi away
Paramount Cottage Home
Elementary · 0.8 mi away
Theodore Potter School 74
Elementary · 0.8 mi away
H L Harshman Middle School
Secondary · 0.8 mi away
William McKinley School 39
Elementary · 0.9 mi away
Florence Fay Elementary School
Elementary · 0.9 mi away
Longfellow Magnet Middle School
School · 1.0 mi away
Mechanical Skills
Secondary · 1.1 mi away
Brookside School 54
Elementary · 1.1 mi away
Minnie Hartmann Elementary School
Elementary · 1.2 mi away
Paramount School of Excellence
Elementary · 1.3 mi away
Indianapolis Christian School
School · 1.4 mi away
John Hope Education Center
School · 1.4 mi away
The Oaks Academy - Middle School
Elementary · 1.4 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 6322 Bryan Drive, Indianapolis, IN | $314,999 | 3 | 2 | 2,399 |
| 6044 Medina Spirit Drive, Indianapolis, IN | $315,000 | 3 | 2 | 1,590 |
| 3360 Ransdell Street, Indianapolis, IN | $315,000 | 3 | 1 | 2,012 |
| 5210 W Southport Road, Indianapolis, IN | $315,000 | 3 | 3 | 2,965 |
| 4801 Carrollton Avenue, Indianapolis, IN | $315,000 | 2 | 1 | 1,071 |
| 158 Handley Street, Indianapolis, IN | $315,000 | 3 | 3 | 1,808 |
Moving Cost Estimate
EXIT Agents in Indianapolis
Listing Courtesy: Crossroads Realty, LLC - crossroadsrealty@outlook.com
Last Updated: 2025-10-28