Excellent investment opportunity near the heart of Indianapolis, Indiana. This updated quadplex offers immediate income potential with 3 units currently rented and 1 vacant unit ready for occupancy or lease-up. The vacant unit has been recently updated and is rent-ready, giving the next owner the opportunity to quickly increase cash flow or place a tenant at current market rents. Property features a solid multi-unit setup in a location with convenient access to downtown Indianapolis, major employers, dining, and entertainment. Whether you're looking to expand your portfolio or step into multifamily investing with built-in income, this property offers strong upside and long-term potential in a growing rental market.
45 days
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146
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11
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Zillow last checked:
Listing updated:
Listed by:
Beau Matlock317-910-6493,
Matlock Realty Group
Source: MIBOR as distributed by MLS GRID,MLS#: 22103289
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Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 1
Bathrooms: 1
Main level bathrooms: 4
Features
Basement: Unfinished
Property
Features
Levels: Two
Stories: 2
Lot
Size: 4,791 Square Feet
Details
Parcel number: 490732183114000101
Construction
Type & style
Home type: MultiFamily
Property subtype: Multi Family, Quadruplex
Condition
New construction: No
Year built: 1920
Community & HOA
Community
Subdivision: Browns Brookside Park
Location
Region: Indianapolis
Financial & listing details
Tax assessed value: $134,900
Annual tax amount: $2,478
Date on market: 5/28/2026
Cumulative days on market: 46 days
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
Not available
Price history
Date
Event
Price
5/28/2026
Listed for sale
$214,900+129.8%
Source: MIBOR as distributed by MLS GRID #22103289Report a problem
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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