46 Unit... ALL 2 BEDROOM/1Bath! MONEY MAKER! Financials for the last 3 years are available upon request. Within 3 miles of downtown! Easy access to I-65 and I-70. On bus line.
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
—
Baths
—
Stories
2
Lot width
—
Lot depth
—
Lot size
2.2 Acres
Year renovated
1975
Sq. Ft.
20,106
Year built
1952
Style
Other
County
Marion County
APN
491124103005000101
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 29, 2026.
D8
COMPACT
Dwelling District Eight
The D-8 district is intended for a variety of housing formats, with a mix of small-scale multi-unit building types. This district can be used as a part of new mixed-use areas, or for infill situations in established urban areas, including medium and high-density residential recommendations of the Comprehensive Plan, and the Traditional Neighborhood, City Neighborhood, and Village or Urban Mixed-Use Typologies of
the Land Use Pattern Book.
Zone overlays
Compact Context Area
Permitted uses
Include but are not limited to:
Housing-Group
Housing-Single unit
Housing-Multiple units
Park & open space
Apr 30, 2024 • Final
Electrical - multi-family
Electrical
Jun 24, 2021 • Final
Right of way permit-excavation
Electrical
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking Information
Unit Parking: Parking Lot,Paved Area
Parking Features: Asphalt
Interior
Interior Sq. Ft. Information
Building Area Total: 0
Living Area: 0
Laundry Room Information
Laundry Features: Common Laundry
Basement Information
Has Basement
Heating & Cooling
Cooling Information: Separate Meters
HVAC: Boiler
Exterior
Property Features
Conversion: No
Property Information
Property Type: Commercial Sale
Property Sub Type: Multi-Family 5+
Zoning: D8
Land Information
Gross Area Sq Ft: 46000
Current Use: Apt>20
Possible Use: Apt>20
Acres: 1-3 Acres
Lot Information
Lot Size Acres: 2.2
Road Surface Type: Asphalt
Road Frontage Type: City Street
Lot Features: Access, Busline, Corner Lot, Sidewalks, Street Lights
Utilities
Utility Information
Utilities: Cable Available, Sewer Connected, Water Connected
Solid Waste Information: No
Location
Multi-Family Financial Information
Owner Pays: Gas, Taxes, Sewer, Trash Collection, Water
Net Operating Income: 75071
Gross Income: 178900
Expenses: 103829
Multi-Unit Information
# of Units: 46
Furnished: Yes
Unit Type 1 Information
Kitchen: 10x10
Levels: 1
Miscellaneous: Range/Oven, Refrigrater
Rent: 515
Rent Frequency: Monthly
Utilities: Fuel Gas, Heat Base Bd, Hot Wtr Gas
School Information
High School District: Indianapolis Public Schools
Location Information
Directions: From I-65 and Raymond Street, go west on Raymond to Ransdell. You will pass Garfield Park and the RR tracks. Turn south on Ransdell. Property is on the west side of the street.
Tax Legal Description: DUVALLS HEIRS ADD PT OF L
Public facts
Beds: —
Baths: —
Sq. Ft.: 20,106
Stories: 2.0
Lot Size: 2.2 acres
Style: Other
Year Built: 1952
Year Renovated: 1975
County: Marion County
APN: 491124103005000101
Home facts updated by county records on Jul 29, 2026