About This Home

This 3-bedroom, 2-bathroom multi-family at 210 N State Avenue in Indianapolis, IN is listed for $475,000. Built in 2026, on a 0.09 acres lot.

Key Features

  • Built in 2026
  • 0.09 acre lot

Property Details

2 full
2026
Listing Description

New-construction duplex in the Cottage Home Historic District on Indianapolis's near eastside, just east of downtown and Mass Ave. The Lexington model offers two 3-bed/2-bath units of approximately 1,296 SF each. Projected rent of $1,800 per unit is supported by 3-bedroom comparables within 2 miles.

Pro forma: $43,200 gross potential rent, $30,857 estimated NOI at 5% vacancy and 8% management. Tree-lined, walkable streets with a Conservation Plan guiding compatible new construction. Taxes and insurance are estimates; buyer to verify. This property is broker owned.

Monthly Cost Estimate

$2,540/mo

20% down · 6.5% · 30 years

Principal$344
Interest$2,058
Insurance$139

Estimates only. Actual payments may vary.

Location

210 N State Avenue

Indianapolis, IN 46201

No Subdivision

Questions & Answers

This 3-bedroom, 2-bathroom multi-family at 210 N State Avenue is listed at $475,000. The estimated monthly payment is $2,541 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 2026, 0.09 acre lot.

This property is listed by Alec Neu.

AN

Alec Neu

Agent at Edward L Neu DBA Neu Real Estate Group

Listed by Edward L Neu DBA Neu Real Estate Group · Broker phone: (317) 710-9743 · View on Broker Site · Broker website

MLS# 22120744· Source: Broker Listing Cooperative®· 70 days on PropertySimple

Copyright © 2026 Broker Listing Cooperative®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

210 N State Avenue, Indianapolis, IN 46201

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