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Explore Similar Apartments Within 10 Miles of Downtown Carmel, IN

  • /27

    $369,900

    • 8 Beds
    • 4 Baths

    6037 Dickson Rd, Indianapolis, IN 46226

    Calling all Investors!!! This well-maintained multi-family property features four spacious units, each offering 2 bedrooms and 1 bathroom. All units are currently rented, generating a steady monthly. Each tenant enjoys the convenience of private parking Whether you're looking to expand your investment portfolio or secure a reliable income stream, this property is a fantastic opportunity. Don't

    Agent Photo

    Jessica Green

    CityPlace Realty

    (317) 953-8480

    6037 Dickson Rd, Indianapolis, IN 46226
  • /39

    $199,900

    • 6 Beds
    • 2 Baths

    3469 N Capitol Ave, Indianapolis, IN 46208

    Huge potential for a lovely duplex with ample room in each unit. This property appears to have had some updates in the past but still needs your own personal touch to make it special. Huge Living Rooms, D& Formal dining Room with a stairway foyer entrance/mud room, then a large eat in kitchen. Both sides have had some kitchen updates but one side might have a slightly larger kitchen. There are 3

    Agent Photo

    Jackie Lovell

    New Quantum Realty Group

    (463) 363-0054

    3469 N Capitol Ave, Indianapolis, IN 46208
  • /11

    $290,000

    • 4 Beds
    • 2 Baths

    5147 E 16th St, Indianapolis, IN 46218

    Extensively Updated Duplex - Great Investment Opportunity! This well-maintained duplex features two separately metered units (1535 & 5147) and has seen over a decade of thoughtful updates and investments. Whether you're an investor or an owner-occupant, this property offers solid value and peace of mind with major improvements already completed. Major Updates Include: * 2023: New water

    Michelle Collings RE/MAX Realty Group

    5147 E 16th St, Indianapolis, IN 46218
  • /37

    $399,999

    • 4 Beds
    • 3 Baths

    5849 Brouse Ave, Indianapolis, IN 46220

    Embrace comfortable and convenient living in this charming ranch-style duplex, perfectly positioned within walking distance of both Chatard High School and Christ the King Catholic School. The thoughtfully designed versatile floor plan offers the option for in-law quarters, providing independence for extended family or guests, or an income producing unit to offset your mortgage payment. Step

    Jared Cowan eXp Realty, LLC

    5849 Brouse Ave, Indianapolis, IN 46220
  • /21

    $950,000

    • 6 Beds
    • 5 Baths

    6795 W 21st St, Indianapolis, IN 46214

    Rare multi-use property on 4.3 acres with several income producing structures already in place*. Property is ideal for Home Business, Multi-Generational Living or Investment. WELCOME to your dream compound near "Speedway" yet with all the peace and freedom of country living. Property includes main home with in-law quarters, pool, pole barn, and several income-producing opportunities. The main

    Janet Giles Your Realty Link, LLC

    6795 W 21st St, Indianapolis, IN 46214
  • /11

    $580,000

    • 4 Beds
    • 2 Baths

    2349 N Capitol Ave, Indianapolis, IN 46208

    Looking for a spacious, stylish, income producing property? Look no further! This beautifully maintained duplex has it all with the location to match. 4bedrooms and 2 baths in unit 1, 3beds and 2 baths in unit 2.

    Summer Black Black Realty Company

    2349 N Capitol Ave, Indianapolis, IN 46208
  • /37

    $250,000

    • 6 Beds
    • 4 Baths

    2707 N College Ave, Indianapolis, IN 46205

    Investment opportunity on the Near Northside of Indianapolis with this spacious 3-story duplex featuring 3 bedrooms and 2 bathrooms per unit. Unit 2707 includes a third-floor bonus room that can function as the third bedroom or flexible living space, while unit 2709 features an updated kitchen with stone countertops, tile backsplash, upgraded cabinets, and four decorative fireplaces throughout

    Jocelyn Deal eXp Realty LLC

    2707 N College Ave, Indianapolis, IN 46205
  • /73

    $240,500

    • 4 Beds
    • 3 Baths

    3031 W 18th St, Indianapolis, IN 46222

    Ready to MOVE IN!! Are you looking to purchase a home (duplex) that can assist you with your monthly mortgage payment! You don't have to wait any longer, this HOME is for you!! Investors this Duplex is clean no renovation needed, just waiting for your tenants! This Duplex has 3 bedroom, 1 1/2 bath, living room, dining room, large foyer and a full basement in unit one . 1 bedroom and 1 bath with

    Mae Miller Highly Favored Realty, LLC

    3031 W 18th St, Indianapolis, IN 46222
  • /14

    $215,000

    • 2 Beds
    • 2 Baths

    1724 N Tacoma Ave, Indianapolis, IN 46218

    Nicely Updated Duplex - Turnkey Investment or Owner-Occupied Opportunity! Each side of this duplex features 1 bedroom and 1 bathroom, with thoughtful updates throughout. Recent improvements in both units include fresh paint, new water heaters, upgraded flooring, modern kitchen cabinets, and some updated electrical. The 1726 unit boasts a brand-new furnace, while the 1724 unit offers exclusive

    Denise LaChance Tyler Knows Real Estate LLC

    1724 N Tacoma Ave, Indianapolis, IN 46218
  • /62

    $549,900

    • 2 Beds
    • 2 Baths

    5104 Carvel Ave, Indianapolis, IN 46205

    Rarely available! Duplex in SoBro, HALF an ACRE right ON the Monon with an incredible 40' x 24' recently built, completely decked out garage (200 amp, 14' ceilings, hoists, Prewired for EV, epoxy flooring, LED lighting, heated, cooled, completely finished walls and ceilings, a private rear composite deck and more) in addition to the original 2 car garage divided for easy use with the two units.

    Kimberly Bell Bell Realty Group

    5104 Carvel Ave, Indianapolis, IN 46205
  • /12

    $298,000

    • 8 Beds
    • 1 Bath

    3837 Carrollton Ave, Indianapolis, IN 46205

    Subject has hardwood floors throughout that need refurbishing, 2 fireplaces , one in each unit Seller motivate. Previous Estate property. One heir lives in 3837 side, 3839 side vacant due to plumbing issues

    Lennie Frierson Frierson's, LLC

    3837 Carrollton Ave, Indianapolis, IN 46205
  • /24

    $700,000

    • 8 Beds
    • 4 Baths

    3818 Central Ave, Indianapolis, IN 46205

    This STR portfolio is comprised of four properties totaling 16 rentable units. This is a quadplex with 4 units. Current ownership has demonstrated strong short-term income potential. Near downtown locations and boutique finishes drive high occupancy and opportunities for increased revenue with a combination of STR and MTR. Conversion to townhomes/condos or LTR as well as development of included

    Cory Gardner Gardner Property Group

    3818 Central Ave, Indianapolis, IN 46205
  • /31

    $750,000

    • 5 Beds
    • 4 Baths

    2407 N Capitol Ave, Indianapolis, IN 46208

    This STR portfolio is comprised of four properties totaling 16 rentable units. This is a quadplex with 4 units. Current ownership has demonstrated strong short-term income potential. Near downtown locations and boutique finishes drive high occupancy and opportunities for increased revenue with a combination of STR and MTR. Conversion to townhomes/condos or LTR as well as development of included

    Cory Gardner Gardner Property Group

    2407 N Capitol Ave, Indianapolis, IN 46208
  • /23

    $1,050,000

    • 10 Beds
    • 6 Baths

    1728 N Delaware St, Indianapolis, IN 46202

    This STR portfolio is comprised of four properties totaling 16 rentable units. This is a quadplex with four units. Current ownership has demonstrated strong short-term income potential. Near downtown locations and boutique finishes drive high occupancy and opportunities for increased revenue with a combination of STR and MTR. Conversion to townhomes/condos or LTR as well as development of

    Cory Gardner Gardner Property Group

    1728 N Delaware St, Indianapolis, IN 46202
  • /37

    $309,000

    • 2 Beds
    • 2 Baths

    953 S 5th St, Noblesville, IN 46060

    Versatile Noblesville Home with Room to Grow, Rental Potential, and Prime Location Near Ruoff & Morse Reservoir! This charming Noblesville home offers flexibility, functionality, and a location that continues to rise in value-perfect for first-time buyers, investors, or growing families. With a smart layout ideal for shared living, this home features washer/dryer hookups in both bathrooms, making

    Michelle Collings RE/MAX Realty Group

    953 S 5th St, Noblesville, IN 46060
  • /19

    $209,900

    • 4 Beds
    • 2 Baths

    3727 N Kenwood Ave, Indianapolis, IN 46208

    This well-maintained duplex offers two spacious 2-bedroom, 1-bathroom units, each featuring clean, modern updates throughout. With a proven rental history, it presents an excellent investment opportunity in a highly sought-after neighborhood. The property boasts a strong rental demand due to its prime location, offering easy access to local amenities, parks, and top-rated schools. One unit is

    Laura Booram @properties

    3727 N Kenwood Ave, Indianapolis, IN 46208
  • /36

    $750,000

    • 4 Beds
    • 4 Baths

    2818 N Capitol Ave, Indianapolis, IN 46208

    Amazing opportunity just north of Downtown Indianapolis. This 4plex brings a great investment opportunity in an up and coming area. 3 units are currently tenant occupied. Beautiful yard space, plenty of room for parking and recently renovated. This one won't last long!

    Adam Ross F.C. Tucker Company

    2818 N Capitol Ave, Indianapolis, IN 46208
  • /4

    $99,900

    • 2 Beds
    • 2 Baths

    1513 N Kealing Ave, Indianapolis, IN 46201

    Investors!! Indianapolis Duplex on the East Side near Brookville Park. Units are both vacant & in need of rehab work. Each unit is 1 bedroom/1 bathroom with a shared backyard and a large covered front porch. Units have individual electric meters & units are set up as all electric. Separate gas service available to units per Citizens Energy Group. Units have shared water meter. Assessor has

    Kendra Dazey Indiana Realty Partners,Inc

    1513 N Kealing Ave, Indianapolis, IN 46201
  • /9

    $150,000

    • 4 Beds
    • 2 Baths

    2041 Glenridge Dr, Indianapolis, IN 46218

    Another terrific opportunity to purchase a 2-bed unit on each side for $150k!! This property has been properly maintained throughout the seller's ownership. This property comes 100% tenant occupied for an ease of transition and immediate cash flow. These units are a desirable 1-story layout with a basement on each side. The property has some classic finishes such as the original hardwood floors

    Maxwell Richter Wilmoth Group

    2041 Glenridge Dr, Indianapolis, IN 46218
  • /10

    $150,000

    • 4 Beds
    • 2 Baths

    2037 Glenridge Dr, Indianapolis, IN 46218

    Cash flowing duplex ready to be added to your portfolio! It is hard to find a solid duplex with proven cash flow for under $150k, but here it is. Each unit has 2 bedrooms and 1 bathroom. The units have been well-maintained with the necessary upgrades made throughout the ownership to ensure they are upkept. Don't miss an opportunity on this plug-and-play investment! The neighboring duplex,

    Maxwell Richter Wilmoth Group

    2037 Glenridge Dr, Indianapolis, IN 46218
  • /15

    $149,900

    • 1 Bed
    • 1 Bath

    2507 Rader St, Indianapolis, IN 46208

    INVESTOR SPECIAL! Note: this is a package of three structures (2 parcels) containing a single family home, duplex and corner shop. Single is a 1 bed, 1 bath. Duplex has 2, 1 bedroom units (possibly could be converted into 2 bedrooms). Shopfront on the corner is spacious and provides several different possibilities. All structures need work, but are priced accordingly.

    Barry Hines Realty Wealth Advisors

    2507 Rader St, Indianapolis, IN 46208
  • /27

    $139,950

    • 3 Beds
    • 2 Baths

    733 W 25th St, Indianapolis, IN 46208

    Don't miss this exciting investment opportunity to own a vacant duplex at 733 W 25th St in the heart of Indianapolis! This upstairs/downstairs duplex offers endless flexibility for a savvy investor or owner-occupant. The main level features 2 spacious bedrooms, 1 full bath, and a functional layout, while the upstairs unit includes 1 bedroom plus a bonus room-perfect for a home office, second

    Charlene Gaard No Limit Real Estate, LLC

    733 W 25th St, Indianapolis, IN 46208
  • /42

    $250,000

    • 6 Beds
    • 1 Bath

    505 W 40th St, Indianapolis, IN 46208

    Incredibly rare, 2-story historic multi-family property in Butler-Tarkington neighborhood. Minutes from mid-town, Broad Ripple, interstate access, parks, schools, and much more! Enclosed, private back yard and separate enclosed front porches. 2-car detached garage for off-street parking. Appears to have been previously been 3 Bedrooms per side, but now converted to one unit having an extra

    Chris Price Keller Williams Indy Metro S

    505 W 40th St, Indianapolis, IN 46208
  • /34

    $500,000

    • 6 Beds
    • 3 Baths

    1419 S 9th St, Noblesville, IN 46060

    Discover a beautifully updated triplex in the heart of Noblesville, just minutes from downtown shops, restaurants, and parks. The spacious main-level unit features three bedrooms, a renovated interior with brand-new flooring and paint, and a new water heater (2025). Upstairs, you'll find two additional units: a one-bedroom with a reliable long-term tenant and a two-bedroom unit ready for new

    Connor Jones Mark Dietel Realty, LLC

    1419 S 9th St, Noblesville, IN 46060
  • /53

    $650,000

    • 3 Beds
    • 2 Baths

    1641 N Cornell Ave, Indianapolis, IN 46202

    House Hackers - Take note! This versatile home offers the perfect opportunity for first-time investors or co-housing! Use it as an investment and cut your monthly expenses in half OR MORE! This fully furnished home features 6 bedrooms, 2 living areas, 2 kitchens, and 2 dining/flex spaces, plus a total of four baths, which can be opened up for communal living or completely divided and closed off

    Kristen Yazel CENTURY 21 Scheetz

    1641 N Cornell Ave, Indianapolis, IN 46202
  • /24

    $205,000

    • 2 Beds
    • 2 Baths

    1251 N Emerson Ave, Indianapolis, IN 46219

    Amazing investment opportunity in a well established neighborhood. This nicely maintained all brick duplex would make a great addition to any portfolio whether you're a seasoned expert or a first time investor. Both 1 bed 1 bath units had new water heaters and HVAC systems recently updated. Seperately metered so tenants can pay all utilities. Start Spring of 2025 on a high note and put this one

    Gabriel Lawless Ever Real Estate, LLC

    1251 N Emerson Ave, Indianapolis, IN 46219
  • /8

    $210,000

    • 4 Beds
    • 2 Baths

    6857 E 42nd St, Indianapolis, IN 46226

    All brick duplex fully occupied good paying tenants. Each side is currently rented for $800 per month. Property has all new flooring on one side, new paint and new Hot Water heater.

    William Milton W.A. Milton

    6857 E 42nd St, Indianapolis, IN 46226
  • /50

    $485,000

    • 7 Beds
    • 4 Baths

    15 W 28th St, Indianapolis, IN 46208

    Spacious and full of potential, this large office building is the perfect canvas for investors or business owners looking to create a fully customized space. Boasting generously sized rooms and beautiful original hardwood floors throughout, this property combines classic charm with the opportunity for modern upgrades. With some heavy work and renovation needed, this building is ideal for those

    Parker Jones Horizon Realty Group LLC

    15 W 28th St, Indianapolis, IN 46208
  • /28

    $439,900

    • 4 Beds
    • 1 Bath

    6170 Winthrop Ave, Indianapolis, IN 46220

    The ultimate rental. Not many golden opportunities like this one fall in your lap. This duplex is guaranteed to rent out for the rest of your life. Steps away from Broad Ripple Village, the Monon, & every type of bar, shop & restaurant imaginable. Rent both sides for an immediate cash flow, or house-hack one side & have the other pay your monthly mortgage, the choice is yours! Both sides have

    Alexander Elston United Real Estate Indpls

    6170 Winthrop Ave, Indianapolis, IN 46220
  • /9

    $265,900

    • 4 Beds
    • 2 Baths

    129 Wilson St, Cicero, IN 46034

    Investor Opportunity in Charming Cicero! Don't miss this rare chance to own a ranch-style duplex in the heart of Cicero, just west of CVS. 129 Wilson St features two spacious units, each offering 2 bedrooms, a comfortable carpeted living room, and vinyl flooring throughout the kitchen and wet areas. Both Unit A and Unit B are currently occupied by long-term tenants, providing immediate and

    Kristopher Elliott Booker Realty

    129 Wilson St, Cicero, IN 46034
  • /59

    $535,000

    • 6 Beds
    • 3 Baths

    6038 N College Ave, Indianapolis, IN 46220

    Location, Location, Location! Welcome to this charming, well maintained duplex located in the highly sought-after Broad Ripple neighborhood of Indianapolis! Each unit features 3 bedrooms, a cozy and functional kitchen with a small eat-in area, a formal dining room, and a welcoming living room-perfect for both relaxing and entertaining. Enjoy your morning coffee or unwind in the evenings on the

    Tom McNulty McNulty Real Estate Services,

    6038 N College Ave, Indianapolis, IN 46220
  • /8

    $419,900

    • 6 Beds
    • 2 Baths

    4055 N College Ave, Indianapolis, IN 46205

    Don't miss your opportunity to own this duplex on College Ave! GREAT walkability and convenient to the bus line, Broadripple, downtown Indy and more! Total of 6 bedrooms, 2 full baths. 3 bedrooms and 1 full bath on each side. Nice size Kitchen, hardwood floors, and plenty of charm. Basement has separate entry for possible future rental use. Well established tenants on both sides.

    Eileen O'Brien Metzger CENTURY 21 Scheetz

    4055 N College Ave, Indianapolis, IN 46205
  • /14

    $99,000

    • 1 Bed
    • 1 Bath

    2870 Stuart St, Indianapolis, IN 46218

    DUBLEX Investor Opportunity! This income-producing double is primed for a flip or long-term rental. With major renovations already completed-including a new roof, subfloor, electrical, HVAC, siding, plumbing, and drywall-this property offers a solid foundation for your next project. Just bring your contractor to complete the finishing touches and unlock its full potential. Don't miss this

    Kelly Powell AMR Real Estate LLC

    2870 Stuart St, Indianapolis, IN 46218
  • /13

    $150,000

    • 2 Beds
    • 2 Baths

    4920 E 34th St, Indianapolis, IN 46218

    Current owner bought this as a duplex conversion. Single family rental property has been transformed into two individual one bedroom rental units. Both units are occupied and being managed by a professional property management company. Easy turnkey transition. Positive cash flow. Detached garage. Ledgers can be supplied upon request. Conveniently located with quick access to I-70.

    Pamela Brown PMI Indianapolis

    4920 E 34th St, Indianapolis, IN 46218
  • /31

    $399,900

    • 6 Beds

    3850 N Capitol Ave, Indianapolis, IN 46208

    Welcome to this stunning, "nearly new" duplex nestled in the heart of the highly desirable Butler-Tarkington neighborhood-just minutes from Butler University, the Indianapolis Art Center, and blocks from Melody Inn Bar, Tea's Me Cafe, and Tarkington Park. This massive duplex was taken down to the studs in late 2022 and thoughtfully rehabbed for low maintenance living. Each side features 3

    Morgan Thompson Berkley & State, LLC

    3850 N Capitol Ave, Indianapolis, IN 46208
  • /28

    $190,000

    • 2 Beds
    • 2 Baths

    3607 N Tacoma Ave, Indianapolis, IN 46218

    Fully rented brick two unit with 1 bedroom on each side. Each unit has 1 bedroom, 1 bath, and a basement area. Separate garage for two cars, fully fenced rear yard, large driveway. Tenants are month to month.

    Stacie Kidwell Sandoval F.C. Tucker Company

    3607 N Tacoma Ave, Indianapolis, IN 46218
  • /17

    $179,900

    • 6 Beds
    • 2 Baths

    3319 N Capitol Ave, Indianapolis, IN 46208

    Excellent investment opportunity duplex with 2 bedrooms per side. Location is near dowtown, children's museum, and fairgrounds. Duplex has alley access and parking as well as street parking. Must see and this will not last long.

    Kurt Clements Diverse Property Solutions Ind

    3319 N Capitol Ave, Indianapolis, IN 46208
  • /19

    $135,000

    • 2 Beds
    • 2 Baths

    316 W 29th St, Indianapolis, IN 46208

    Turnkey Duplex in Up-and-Coming Highland Vicinity - Strong Investment Potential! Located at 316 W 29th St, Indianapolis, this well-maintained duplex offers an excellent opportunity for investors seeking monthly cash flow and long-term appreciation. Situated in the Highland Vicinity neighborhood, this area is beginning to see revitalization and sits just minutes from some of Indy's top

    Peter Stewart Keller Williams Indpls Metro N

    316 W 29th St, Indianapolis, IN 46208
  • /16

    $175,000

    • 3 Beds
    • 1 Bath

    3046 Central Ave, Indianapolis, IN 46205

    A unique investment opportunity is available, featuring 2-unit property with both units vacant. Perfect for living on one side and renting the other, each unit offers 3 bedrooms and 1 bathroom.

    Kelly Wood RE/MAX At The Crossing

    3046 Central Ave, Indianapolis, IN 46205
  • /58

    $159,900

    • 6 Beds
    • 2 Baths

    1425 N Lasalle St, Indianapolis, IN 46201

    This two-level Craftsman style home is a great opportunity awaiting for you near Brookside Park, just a quick jaunt from multiple interstates, Mass Ave, Downtown, and so much more. Both units feature a covered Porch with separate entrances, a large Backyard, and a rear Garage with Alley access. Interior features 3 Bedrooms/1 Bath on each side with Great Rooms, separate Dining Rooms, Mud Rooms,

    Chris Price Keller Williams Indy Metro S

    1425 N Lasalle St, Indianapolis, IN 46201

Why Live in Downtown Carmel

Downtown Carmel features a mix of single-family homes, townhouses, and contemporary two-story houses. Ranch-style homes from before the city's population boom are common, while townhouses and modern homes are increasingly prevalent. The neighborhood is known for its attractions, including the Arts & Design District, which hosts the Museum of Miniature Houses and various galleries, antique stores, and boutique shops. Meadowlark Park offers a state-of-the-art playground and a wheelchair-accessible fishing pier, while the Waterpark at Central Park provides summer fun with a climbing wall, pool, and waterslides. Indoor recreational options include the Carmel Racquet Club and the Carmel Ice Skadium. Dining options are diverse, with popular spots like 3UP, Bub’s Burger’s and Ice Cream, and Sun King Carmel. The Midtown Plaza area has transformed into a vibrant urban space with residential developments and various dining options. Downtown Carmel is safer than the national average and features unique transportation elements like the 27-mile Monon Trail and numerous roundabouts. Carmel-Clay Schools serve the area, with highly rated institutions such as Carmel Elementary, Carmel Middle, and Carmel High, which is noted for its strong athletic programs. Local events include summer concerts, CarmelFest, and the winter Christkindlmarkt, while the Palladium concert hall hosts high-profile performances.

Home Trends in Downtown Carmel, IN

Housing Trends

Median Sale Price
$390,000
Median Single Family Sale Price
$400,000
Median Townhouse Sale Price
$472,500
Median 2 Bedroom Sale Price
$288,000
Median 1 Bedroom Sale Price
$217,500
Average Price Per Sq Ft
$239
Number of Homes for Sale
50
Last 12 months Home Sales
403
Months of Supply
1.50
Median List Price
$400,000
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
1%
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