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526 N Elder Avenue

Indianapolis, IN 46222

ActiveListed Jun 15, 2026 · 26 days on market

Key facts

Lot
0.1 acres
Year built
2025
Type
Residential Income · Duplex
Garage
1 space
MLS #
22108327
County
Marion
Subdivision
Merritt Place

About this home

Turnkey investment opportunity featuring a new construction duplex in a rapidly developing area near downtown Indianapolis. This well-maintained property offers modern finishes that attract and retain quality tenants, including granite countertops, white shaker cabinetry, stainless steel appliances, luxury flooring, and spacious open-concept living areas. Each unit is thoughtfully designed with private entrances, dedicated parking, in-unit laundry, and functional floor plans that provide strong rental appeal. Located just minutes from downtown Indianapolis, major employers, hospitals, universities, and interstate access, the property benefits from a highly desirable location with consistent rental demand. With low-maintenance construction, contemporary finishes, and established tenancy, this asset provides investors the opportunity to acquire a stabilized income-producing property with long-term growth potential in one of Indianapolis's most active rental markets.

Description provided by the listing brokerage.

Schools

School district
Indianapolis Public Schools

Taxes

Estimated annual tax
$78 / yearTwice the semi-annual installment the listing reports.
Tax year
2024

Estimate your monthly payment

$2,432per month, estimated
Principal and interest $2,268Property tax $7Insurance $157
20% · $90,000
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

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Listed at$449,999
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