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2201 Admiral Drive

Indianapolis, IN 46219

PendingListed Sep 8, 2026 · 6 days on market

Key facts

Lot
0.22 acres
Year built
1949
Type
Residential Income · Duplex
MLS #
22124631
County
Marion
Subdivision
Windsor Village

About this home

Great investment opportunity to bring this duplex back to life! The property will require a significant amount of work, making it an ideal value-add project for an investor. The roof was replaced in June 2026, eliminating one of the larger capital expenses. Both units are currently vacant, allowing the new owner to renovate and establish rents from the start. Each unit has its own dedicated parking space, and all utilities are separately metered and paid directly by the residents.

Description provided by the listing brokerage.

Schools

School district
Indianapolis Public Schools

Taxes

Estimated annual tax
$2,994 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$923per month, estimated
Principal and interest $630Property tax $250Insurance $44
20% · $25,000
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$125,000
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