50 S Colorado Avenue Indianapolis, IN 46201

Multi-Family (2-4 Units) MLS #: 22019736 Courtesy Of Fathom Realty

$142,000

0.28 acres
Print property details Share
Estimated monthly payments: $621/mo.* (recalculate)

Property InformationDescription

Duplex with 1 bedroom, 1 bathroom on each side. One unit is currently leased long-term. The other unit is move-in ready and perfect for short-term or long-term rental options. 52- lease is $605 a month, expires June 30, 2025. Great investment opportunity with versatile rental potential. Schedule a showing today!

Features

  • Age: Over 50 Years Old
  • Amenities: Dock, Security System, Security System
  • Architecture Style: Bungalow
  • Cooling System: Wall Unit(s) A/C
  • Exterior Type: Vinyl Siding
  • Heating System: Forced Air
  • Lot Size: 0.28 Acres
  • Rooms: Basement

MAP & DIRECTIONS

Get Directions
50 S Colorado Avenue, Indianapolis, IN 46201
View Directions

School Information

50 S Colorado Avenue, Indianapolis, IN 46201

Elementary School
Grades KG-8 | Public School
CENTER FOR INQUIRY SCHOOL 2
Indianapolis, IN 46202
725 N New Jersey St
317.­226.4202
Distance: 3.0 mi
School Rating
C+
Student:Teacher Ratio
11:1
Total Students
438
Elementary School
Grades PK-8 | Public School
ROUSSEAU MCCLELLAN MONTESSORI SCHOOL 91
Indianapolis, IN 46205
5111 Evanston Ave
317.­226.4291
Distance: 5.6 mi
School Rating
C
Student:Teacher Ratio
14:1
Total Students
587
Elementary School
Grades PK-8 | Public School
IPS BUTLER UNIVERSITY LABORATORY SCHOOL 55
Indianapolis, IN 46220
1349 E 54th St
317.­226.4255
Distance: 6.1 mi
School Rating
D-
Student:Teacher Ratio
12:1
Total Students
418
Elementary School
Grades KG-6 | Public School
CHRISTIAN PARK ELEMENTARY SCHOOL 82
Indianapolis, IN 46201
4700 English Ave
317.­226.4282
Distance: 0.6 mi
School Rating
D+
Student:Teacher Ratio
10:1
Total Students
283
Middle School
Grades 7-8 | Public School
ARLINGTON MIDDLE SCHOOL
Indianapolis, IN 46204
120 E Walnut St
317.­822.7980
Distance: 5.5 mi
School Rating
C
Student:Teacher Ratio
8:1
Total Students
435
High School
Grades 9-12 | Public School
PURDUE POLYTECHNIC HIGH SCHOOL
Indianapolis, IN 46225
525 S Meridian St Ste Lla
317.­832.1200
Distance: 3.4 mi
School Rating
D-
Student:Teacher Ratio
22:1
Total Students
543
High School
Grades 9-12 | Public School
ARSENAL TECHNICAL HIGH SCHOOL
Indianapolis, IN 46201
1500 E Michigan St
317.­693.5300
Distance: 2.2 mi
School Rating
F
Student:Teacher Ratio
10:1
Total Students
2103
High School
Grades 9-12 | Public School
CRISPUS ATTUCKS HIGH SCHOOL
Indianapolis, IN 46202
1140 Dr Martin Luther King Jr St
317.­226.2800
Distance: 4.1 mi
School Rating
F
Student:Teacher Ratio
10:1
Total Students
1157
High School
Grades 9-12 | Public School
GEORGE WASHINGTON HIGH SCHOOL
Indianapolis, IN 46222
2215 W Washington St
317.­693.5555
Distance: 5.5 mi
School Rating
F
Student:Teacher Ratio
9:1
Total Students
798
High School
Grades 9-12 | Public School
SHORTRIDGE HIGH SCHOOL
Indianapolis, IN 46208
3401 N Meridian St
317.­226.2810
Distance: 4.7 mi
School Rating
D
Student:Teacher Ratio
9:1
Total Students
1077
Other Nearby Schools Distance Type Grades School Rating
Shepherd Community Academy 0.1 mi Private PK-5
Ralph W. Emerson Elementary School 58 0.4 mi Public PK-6 D+
Paramount Englewood 0.9 mi Public 5-8 A
George W. Julian Elementary School 57 1.1 mi Public KG-6 C-
Little Flower Catholic School 1.2 mi Private PK-8
Brookside Elementary School 54 1.3 mi Public KG-6 D+
Scecina Memorial High School 1.4 mi Private 9-12
Thomas D. Gregg Elementary School 15 1.5 mi Public PK-6 C
Trinity Christian School 1.6 mi Private PK-12
Paramount Brookside 1.6 mi Public KG-8 A+
Victory College Preparatory Academy 1.7 mi Public KG-12 B-
The Oaks Academy - Brookside 1.9 mi Private PK-5
William Mckinley Elementary School 39 2.0 mi Public PK-6 B-
Anna Brochhausen Elementary School 88 2.0 mi Public KG-6 D
Piloted Schools Bethel Park 2.0 mi Public KG-4 C-
Theodore Potter Magnet Elementary School 74 2.1 mi Public KG-6 D+
Holy Cross Central School 2.1 mi Private KG-8
H. L. Harshman Magnet Middle School 2.2 mi Public 7-8 D+
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

Demographic Data

Indianapolis, IN 46201

Median Age: 35.8
Married: 24%
Number of Households: 12,810
Households with Children: 23.9%
  • Occupancy Types
    • 0 Vacant
    • 0 Owned
    • 0 Rented
  • Transportation to Work
    • 0 Drive
    • 0 Public Transportation
    • 0 Walk / Bike / Other
    • 0 Work at Home
Copyright © 2025 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.