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326-328 S Emerson Avenue

Indianapolis, IN 46219

PendingListed Sep 22, 2026 · 5 days on market

Key facts

Lot
0.17 acres
Year built
1920
Type
Residential Income · Duplex
Stories
Two
MLS #
22127759
County
Marion
Subdivision
Latonia Park

About this home

COMPLETELY RENOVATED DUPLEX TURNKEY VERY CLOSE TO IRVINGTON HISTORIC DISTRICT! SPACIOUS 7 BEDROOMS, 4 FULL BATHS & TWO LOFTS! This impressive duplex with 10ft ceilings has been renovated from top to bottom with new hvac, new plumbing, new electrical throughout both units, new kitchen cabinets with granite countertops, and stainless-steel appliances. Unit 326 features 4 bedrooms, 2 full bathrooms, and a loft, while Unit 328 offers 3 bedrooms, 2 full bathrooms, and a loft space as well. Together, these units boast an impressive combined 2,650 square feet of living space! Both units offer generous living space, versatile loft areas, and plenty of room to live, work, and entertain. With the major systems and finishes updated, this property is ready for its next chapter. Whether you're looking to house hack, expand your rental portfolio, or secure a spacious multi-family property, this duplex delivers the space and upgrades you've been looking for. From the major systems to the interior finishes, the heavy lifting has already been done. This is an exceptional opportunity for an investor, owner-occupant, or anyone looking for a versatile multi-unit property with serious space and fresh, modern updates. Rental comps suggest an estimated rental income of approximately $1,800 per month per unit. * Don't miss the added value-the adjacent 7,187 sq ft. lot zoned commercial is included with the sale! Schedule your showing and see the transformation for yourself!

Description provided by the listing brokerage.

Interior

Basement
Unfinished
Laundry
Connections All
Condition
Updated/Remodeled

Exterior

Exterior features
Storage Shed
Roof
Shingle
Construction
Vinyl Siding
Foundation
Block
Parking and garage
Alley Access
Fencing
Fence Complete

Systems

Heating
Forced Air
Cooling
Central Air

Lot and HOA

Lot features
Not In SubdivisionSidewalksMature Trees

Schools

School district
Indianapolis Public Schools

Taxes

Estimated annual tax
$1,534 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$1,853per month, estimated
Principal and interest $1,613Property tax $128Insurance $112
20% · $64,000
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$320,000
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