NEW PRICE on this Investment Opportunity - 4-Unit Section 8 Property in Glass Works Subdivision, Indianapolis (46201) Discover a strong cash-flowing opportunity with 4-unit multifamily property located in the revitalized Glass Works subdivision of Indianapolis. Each of the four units is Section 8 approved, providing reliable, government-backed rental income with long-term tenant stability. Positioned just minutes from downtown Indianapolis, this property features: 4 units, each with 1 bedrooms and updated kitchens/baths Walking distance to public transportation, retail, and local schools The property is located in a growing neighborhood benefiting from ongoing redevelopment and city investment, making it a prime choice for both new and seasoned investors seeking consistent returns in a rising market. Don't miss out on this investment in one of Indy's emerging eastside communities!
Sold
$225,000
1538 N Grant Ave, Indianapolis, IN 46201
4beds
4baths
--sqft
Multi Family, Quadruplex
Built in 1929
-- sqft lot
$226,800 Zestimate®
$--/sqft
$1,085 Estimated rent
Home value
$226,800
$209,000 - $245,000
$1,085/mo
Zestimate® history
Owner options
List your home for rent
$1,085/mo
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$1,085/mo
Rent Zestimate®
Refinance and save
$1,499/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$1,499/mo
Est. payment
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List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Deborah Argenta 317-695-5764,
Keller Williams Indpls Metro N
Bought with:
Peter Stewart
Keller Williams Indpls Metro N
Source: MIBOR as distributed by MLS GRID,MLS#: 22042423
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Heating
- Electric
Cooling
- Central Air
Features
- Has basement: Yes
Property
Features
- Levels: One
- Stories: 1
Lot
- Size: 5,227 Square Feet
Details
- Parcel number: 490733178070000101
- Special conditions: As Is
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Quadruplex
Materials
- Brick
Condition
- New construction: No
- Year built: 1929
Community & HOA
Community
- Subdivision: Glass Works
Location
- Region: Indianapolis
Financial & listing details
- Tax assessed value: $219,500
- Annual tax amount: $2,146
- Date on market: 6/3/2025
- Cumulative days on market: 84 days
Price history
| Date | Event | Price |
|---|---|---|
| 9/26/2025 | Sold | $225,000-6.3% |
Source:  MIBOR as distributed by MLS GRID #22042423 Report a problem | ||
| 8/5/2025 | Pending sale | $240,000 |
Source: MIBOR as distributed by MLS GRID #22042423 Report a problem | ||
| 7/21/2025 | Price change | $240,000-4% |
Source: MIBOR as distributed by MLS GRID #22042423 Report a problem | ||
| 7/7/2025 | Pending sale | $250,000 |
Source: MIBOR as distributed by MLS GRID #22042423 Report a problem | ||
| 6/3/2025 | Listed for sale | $250,000 |
Source: MIBOR as distributed by MLS GRID #22042423 Report a problem | ||
| 5/20/2025 | Listing removed | $250,000 |
Source: MIBOR as distributed by MLS GRID #22031771 Report a problem | ||
| 4/9/2025 | Listed for sale | $250,000-9.1% |
Source: MIBOR as distributed by MLS GRID #22031771 Report a problem | ||
| 3/8/2022 | Sold | $275,000+323.7% |
Source: Public Record Report a problem | ||
| 10/14/2021 | Listing removed | -- |
Source: MIBOR as distributed by MLS GRID #21761511 Report a problem | ||
| 10/14/2021 | Listed for sale | $64,900 |
Source: MIBOR as distributed by MLS GRID #21761511 Report a problem | ||
| 4/14/2021 | Pending sale | $64,900 |
Source: MIBOR as distributed by MLS GRID #21761511 Report a problem | ||
| 4/2/2021 | Listed for sale | $64,900 |
Source: MIBOR as distributed by MLS GRID #21761511 Report a problem | ||
| 4/1/2021 | Pending sale | $64,900 |
Source: MIBOR as distributed by MLS GRID #21761511 Report a problem | ||
| 3/26/2021 | Listed for sale | $64,900+8.2% |
Source: MIBOR as distributed by MLS GRID #21761511 Report a problem | ||
| 3/17/2021 | Listing removed | -- |
Source: MIBOR as distributed by MLS GRID #21761511 Report a problem | ||
| 2/21/2021 | Pending sale | $60,000 |
Source: MIBOR as distributed by MLS GRID #21761511 Report a problem | ||
| 2/17/2021 | Listed for sale | $60,000 |
Source: MIBOR as distributed by MLS GRID #21761511 Report a problem | ||
| 2/7/2021 | Pending sale | $60,000 |
Source: MIBOR as distributed by MLS GRID #21761511 Report a problem | ||
| 1/27/2021 | Listed for sale | $60,000+300% |
Source: MIBOR as distributed by MLS GRID #21761511 Report a problem | ||
| 10/13/2016 | Sold | $15,000+155.4% |
Source: Public Record Report a problem | ||
| 4/27/2016 | Sold | $5,874 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,218 +13.2% | $219,500 -0.2% |
| 2024 | $4,609 +114.7% | $219,900 +13.2% |
| 2023 | $2,146 +3.5% | $194,300 +113.8% |
| 2022 | $2,074 +11.4% | $90,900 +1.1% |
| 2021 | $1,862 +8.3% | $89,900 +11.8% |
| 2020 | $1,719 -25.2% | $80,400 +10.4% |
| 2019 | $2,297 -37.4% | $72,800 +17.4% |
| 2018 | $3,669 +3322.6% | $62,000 +14% |
| 2017 | $107 -90.5% | $54,400 +4.4% |
| 2016 | $1,132 -1.2% | $52,100 -1.7% |
| 2014 | $1,146 -11% | $53,000 -2.8% |
| 2013 | $1,288 | $54,500 -4.7% |
| 2012 | $1,288 | $57,200 +19.2% |
| 2011 | -- | $48,000 |
| 2010 | $1,003 -2.4% | $48,000 |
| 2009 | $1,027 | $48,000 -17.9% |
| 2007 | -- | $58,500 +10.4% |
| 2006 | -- | $53,000 |
| 2005 | -- | $53,000 |
| 2004 | -- | $53,000 |
| 2003 | -- | $53,000 +188% |
| 2002 | -- | $18,400 +200.2% |
| 2001 | -- | $6,130 -11.5% |
| 2000 | -- | $6,930 |
Find assessor info on the county website
Neighborhood: Near Eastside
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Nearby schools
GreatSchools rating
- 4/10Brookside School 54Grades: PK-5Distance: 0.8 mi
- 5/10Arlington Community Middle SchoolGrades: 6-8Distance: 3.1 mi
- 1/10Arsenal Technical High SchoolGrades: 9-12Distance: 2.1 mi
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Estimated market value
$226,800
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$226,800
- Indiana
- Marion County
- Indianapolis
- 46201
- Near Eastside
- 1538 N Grant Ave
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