Skip main navigation
Pending
  • $350,000

    1125 S Keystone Ave, Indianapolis, IN 46203

    1beds
    1baths
    --sqft
    : 
    Loading
    Get pre-qualified
    Multi Family, Quadruplex
    Built in 1920
    -- sqft lot
    $333,300 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Clean modern aestheticUpdated plumbing throughoutNew flooringNew windowsBrand new electrical systemsProfessional paint
    Investment Opportunity at 1125 South Keystone Avenue, Indianapolis Attention serious investors seeking immediate, stabilized returns. This fully renovated quadruplex offers a rare combination of guaranteed income and zero deferred maintenance. Positioned in a high demand rental pocket of Indianapolis, this property has been meticulously updated to provide a turn key experience for the next owner. The financial profile of this asset is its strongest selling point. The property generates a total monthly gross income of 4,701 dollars, totaling 56,412 dollars annually. The stability of this revenue stream is anchored by three Section 8 vouchers, which provide consistent, government backed payments regardless of market fluctuations. Unit 1 brings in 1,374 dollars, Unit 2 brings in 1,200 dollars, and Unit 3 brings in 1,127 dollars. The fourth unit is occupied by a reliable cash tenant paying 1,000 dollars per month. Beyond the impressive cap rate, the physical plant of the building has been completely overhauled. You can bypass the typical headaches of older multi family units thanks to extensive capital improvements. The property features brand new electrical systems and updated plumbing throughout, significantly reducing the risk of emergency repair costs. Energy efficiency and curb appeal have been enhanced with the installation of new windows. Inside, each unit has been refreshed with new flooring and professional paint, creating a clean, modern aesthetic that appeals to high quality tenants. Located on a primary transit corridor with easy access to downtown Indianapolis and the vibrant Fountain Square district, 1125 South Keystone is perfectly situated for long term appreciation. This is an ideal acquisition for those looking to complete a 1031 exchange or for any investor wanting to add a high performing, low maintenance asset to their portfolio. Properties with this level of renovation and guaranteed cash flow are a rarity in the current market.
    73 days
    |
    17
    |
    2
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Christopher Jenkins 317-285-8769,

    La Terre Boutique

    Source: MIBOR as distributed by MLS GRID,MLS#: 22097962MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 1
      • Bathrooms: 1
      • Main level bathrooms: 1
      Features
      • Has basement: Yes

      Property

      Lot
      • Size: 5,662 Square Feet
      Details
      • Parcel number: 491017106008000101

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family, Quadruplex
      Condition
      • New construction: No
      • Year built: 1920

      Community & HOA

      Community
      • Subdivision: C M Cooper Trs Prospect
      Location
      • Region: Indianapolis

      Financial & listing details

      • Tax assessed value: $123,600
      • Annual tax amount: $2,994
      • Date on market: 4/28/2026
      • Cumulative days on market: 62 days

        Estimated market value

        $333,300

        $317,000 - $350,000

        $1,077/mo

        Price history

        DateEventPrice
        6/6/2026Pending sale$350,000
        Source: MIBOR as distributed by MLS GRID #22097962 Report a problem
        5/14/2026Listed for sale$350,000
        Source: MIBOR as distributed by MLS GRID #22097962 Report a problem
        5/1/2026Pending sale$350,000
        Source: MIBOR as distributed by MLS GRID #22097962 Report a problem
        4/28/2026Listed for sale$350,000+484.3%
        Source: MIBOR as distributed by MLS GRID #22097962 Report a problem
        5/17/2023Sold$59,900
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$2,995 +0%$123,600 -2.1%
        2024$2,993 +5.5%$126,200
        2023$2,838 +16.5%$126,200 +5%
        2022$2,436 +13.4%$120,200 +13.8%
        2021$2,149 +0.4%$105,600 +13.8%
        2020$2,141 +10%$92,800 +2.3%
        2019$1,946 +21.1%$90,700 +11%
        2018$1,608 +6.8%$81,700 +12.4%
        2017$1,505 +704.2%$72,700 +8%
        2016$187 +6.9%$67,300 +97.4%
        2014$175 -77.3%$34,100
        2013$770 $34,100
        2012$770 $34,100 +31.2%
        2011-- $26,000
        2010$546 -2.3%$26,000
        2009$558 $26,000 -8.1%
        2007-- $28,300
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Fountain Square

        Getting around

        54 / 100
        Somewhat Walkable
        28 / 100
        Some Transit
        64 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

        A local agent can set up tours, give advice and negotiate with sellers.

        Browse local experts

        Similar homes