Extremely Rare Duplex in Carmel! Discover an exceptional investment opportunity just a short bike ride from the coveted Monon Trail in one of the most sought-after areas of Carmel. This fully renovated duplex offers a rare combination of modern upgrades, prime location, and strong rental income potential. New exterior updates include new Siding, gutters, roof, windows, and driveways. All-new plumbing and electrical systems. New floors, doors, trim, and lighting throughout. Stunning kitchens with new cabinets, countertops, and modern appliances. Luxurious bathrooms with fresh finishes. Added washer/dryer in each unit for tenant convenience. Each unit features 3 bedrooms and a thoughtfully designed floor plan. Privacy fence installed on the right side for added seclusion. Both units are tenant-occupied with rents paid up-to-date and room for annual increases. Carmel is nationally recognized for its excellent schools, vibrant arts and culture scene, and thriving local economy. Known as one of the "Best Places to Live in America," the city boasts award-winning parks, the Monon Trail, and the bustling Carmel Arts & Design District. With its strong property values and steady demand for rental properties, Carmel offers investors a unique opportunity to secure a long-term asset in a flourishing community. Seller is not open to any seller-financed offers.
The purpose of this district is to provide for high-density single-, two- and multiple-family development on small lots in distinctly urbanized areas. The intent of this district is to protect and conserve existing residential development, particularly in locations featuring marginally standard housing and facing potential change from original uses, and to preserve natural features, and encourage open space residential land-use patterns in this district is intended to corresponds to Urban Residential in the Comprehensive Plan's Land Classification Plan.
Zone overlays
Home Place Overlay District
Permitted uses
Include but are not limited to:
Agriculture
Housing-Single unit
Housing-Multiple units
Public service
Park & open space
Property details
Interior
Multi-Family Financial Information
Gross Income: 39207
Expenses: 2328
Multi-Unit Information
# of Units: 2
Unit Type 1 Information
Kitchen: 168
Levels: 1
Rent: 1715
Rent Frequency: Monthly
Unit Type: 3 Bedroom
Unit Type 2 Information
Kitchen: 168
Levels: 1
Rent: 1965
Rent Frequency: Monthly
Unit Type: 3 Bedroom
Exterior
Property Features
Conversion: No
Property Information
Property Type: Residential Income
Property Sub Type: Duplex
Land Information
Current Use: Residential
Acres: <1/4 Acre
Lot Information
Lot Size Acres: 0.23
Road Access: Access Rd
Utilities
Utility Information
Solid Waste Information: No
Location
School Information
Middle Or Junior High School: Creekside Middle School
High School: Carmel High School
High School District: Carmel Clay Schools
Location Information
Directions: GPS Friendly
Tax Legal Description: Acreage .00, Section 2, Township 17, Range 3, Dixie Hi-Way, Lot Pt 45 & Pt 44
Community Information
Low Maintenance Lifestyle YN: No
Public facts
Beds: 2
Baths: 1.0
Sq. Ft.: 1,556
Stories: 1.0
Lot Size: 10,019 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1965
Year Renovated: 1980
County: Hamilton County
APN: 291302411017000018
Home facts updated by county records on Sep 16, 2026
Around this home
Schools
Clay Center Elementary School
Public PreK-5 • Assigned • 2.0mi
9/10
Creekside Middle School
Public 6-8 • Assigned • 4.1mi
9/10
Carmel High School
Public 9-12 • Assigned • 3.0mi
10/10
Provided by GreatSchools
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 101° expected this year, 17 days in 30 years
2/10 Wind Factor
1% chance of strong winds in next 30 years
4/10 Air Factor
4 unhealthy days expected this year, 6 days in 30 years
Provided by First Street
Historical weather
Carmel, IN • 46280
Average low and high temperatures (°F)
32
17
41
25
60
39
68
47
71
53
82
65
87
70
82
63
81
59
70
48
53
38
41
27
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
91/ 100
Exceptional sunlight
Sunscore
This home receives average direct sun exposure in Carmel. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10 hrs
5.7 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$472,000 – $571,000
Reach more buyers when you sell with Redfin. Plus, you'll save $4,964 in fees.