Calling all investors and house hackers! This renovated fourplex presents an excellent opportunity to own a cash-flowing multifamily property just minutes from downtown Indianapolis. The property currently has three occupied units generating approximately $3,300 per month in rental income, with one vacant unit that was previously rented for $1,100 per… Read More month, offering a total rental potential of approximately $4,400 per month. The unit mix consists of two 2-bedroom units and two 1-bedroom units, providing a desirable layout that appeals to a wide range of tenants. The vacant unit also creates an ideal opportunity for an owner-occupant to offset their mortgage while building equity through rental income. Conveniently located near Downtown Indianapolis, Fountain Square, Mass Ave, and Irvington, the property benefits from strong rental demand and long-term appreciation potential. There is additional upside through future rent increases, including the possibility of leasing to Section 8 tenants or local nonprofit housing organizations, which may provide higher rental rates and stable occupancy. Whether you're looking to grow your investment portfolio or purchase your first multifamily property, this fourplex offers immediate income with room for future growth. Schedule your showing today! Read Less
Courtesy of Real Broker, LLC, 513-264-7638.
Listing Snapshot
Days Online
35
Last Updated
Property Type
Quadruplex
Lot Size
0.12 Acres
Year Built
1920
MLS Number
22109656
30 Days Snapshot Of 46201
$257k
+6%
(avg) sold price
30
-28%
homes sold
90
+8%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Architecture: Craftsman, Traditional, Construction Materials: Vinyl Siding, Levels: Two, Year Built: 1920
Garage
Garage Spaces: 0
Laundry
Description: Connections All
Lot
Features: Not Applicable, Acres: 0.12, MLS Acres: <1/4 Acre
Parking
Carport Spaces: 0
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The data relating to real estate for sale on this website comes courtesy of MIBOR REALTOR® Association as distributed by MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.”
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