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
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17
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Zillow last checked:
Listing updated:
Listed by:
Christopher Jenkins317-285-8769,
La Terre Boutique
Source: MIBOR as distributed by MLS GRID,MLS#: 22097962
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
Zestimate®
$333,300
Estimated sales range
$317,000 - $350,000
Rent Zestimate®
$1,077/mo
Price history
Date
Event
Price
6/6/2026
Pending sale
$350,000
Source: MIBOR as distributed by MLS GRID #22097962Report a problem
5/14/2026
Listed for sale
$350,000
Source: MIBOR as distributed by MLS GRID #22097962Report a problem
5/1/2026
Pending sale
$350,000
Source: MIBOR as distributed by MLS GRID #22097962Report a problem
4/28/2026
Listed for sale
$350,000+484.3%
Source: MIBOR as distributed by MLS GRID #22097962Report 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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