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Listed by Edward Neu • Neu Real Estate Group
$ 435,000
Est. payment /mo
Active
43 N Randolph ST Indianapolis, IN 46201
3,920 Sqft Lot
UPDATED:
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 new construction duplex is a rare chance to secure a turnkey asset in one of Indy's strongest rental corridors. The neighborhood is fueled by growth spilling over from Fountain Square, Mass Ave, and downtown employers like IU Health, Eli Lilly, and Bottleworks. Property Highlights Two 3BR/2BA mirror units Open floor plans, stainless appliances, energy-efficient systems Low-maintenance new build, rental-grade finishes 2-car rear parking per unit + street parking Walkable location, minutes to downtown & Monon Trail Investment Snapshot Rents: $1,700-$1,900 per unit Gross Income: $40.8K-$45.6K/year Expenses: ~$7.5K-$8K per unit (with mgmt) Target Cash-on-Cash: 8-10% Upside: Ongoing Arsenal Heights revitalization + demand from major job centers Key Advantages 1031 Exchange-ready Limited new rental supply in high-demand submarket Truly turnkey - lease and cash flow from day one
Location
State IN
County Marion
Interior
Fireplace N
Building
New Construction true
Schools
School District Indianapolis Public Schools
© 2025 All listing information is courtesy of MIBOR Broker Listing Cooperative(R) as distributed by MLS Grid. All rights reserved.
