4-Unit Multifamily in Center Township - Income-Producing with Management in Place Excellent investment opportunity in Center Township! This former duplex converted into 4 efficiency units, offering strong rental potential and hands-off ownership with professional property management already in place. 4 Efficiency Units 2 Units Currently Rented - Steady income stream 2 Units Vacant - One rent-ready, one needs light cosmetic refresh (estimated cost: $6,000) Individually Accessible Units with separate kitchens and baths Professional property management handles day-to-day operations, tenant placement, and maintenance Located in a high-demand rental area with access to public transit, shopping, and employment centers. This is an ideal opportunity for a hands-off investor to step into a cash-flowing property with upside potential once fully leased. Priced competitively
Sold
$245,000
2930 N Dearborn St, Indianapolis, IN 46218
2beds
2baths
--sqft
Multi Family, Quadruplex
Built in 1910
-- sqft lot
$248,000 Zestimate®
$--/sqft
$797 Estimated rent
Home value
$248,000
$228,000 - $270,000
$797/mo
Zestimate® history
Owner options
List your home for rent
$797/mo
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$797/mo
Rent Zestimate®
Refinance and save
$1,602/mo
Est. payment
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$1,602/mo
Est. payment
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Separate kitchens and baths
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#: 22036360
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
Heating
- Electric
Property
Features
- Levels: One
- Stories: 1
Lot
- Size: 5,227 Square Feet
Details
- Parcel number: 490729159146000101
- Special conditions: None,As Is
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Craftsman
- Property subtype: Multi Family, Quadruplex
Materials
- Vinyl With Brick
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1910
Community & HOA
Community
- Subdivision: Rosedale
Location
- Region: Indianapolis
Financial & listing details
- Tax assessed value: $169,700
- Annual tax amount: $4,334
- Date on market: 5/2/2025
- Cumulative days on market: 41 days
Price history
| Date | Event | Price |
|---|---|---|
| 6/9/2025 | Sold | $245,000-2% |
Source:  MIBOR as distributed by MLS GRID #22036360 Report a problem | ||
| 5/9/2025 | Pending sale | $250,000 |
Source: MIBOR as distributed by MLS GRID #22036360 Report a problem | ||
| 5/2/2025 | Listed for sale | $250,000 |
Source: MIBOR as distributed by MLS GRID #22036360 Report a problem | ||
| 4/26/2025 | Listing removed | $250,000 |
Source: MIBOR as distributed by MLS GRID #22029203 Report a problem | ||
| 3/26/2025 | Listed for sale | $250,000-9.1% |
Source: MIBOR as distributed by MLS GRID #22029203 Report a problem | ||
| 12/20/2024 | Listing removed | $1,400 |
Source: Zillow Rentals Report a problem | ||
| 9/13/2024 | Listed for rent | $1,400 |
Source: Zillow Rentals Report a problem | ||
| 8/22/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 7/21/2024 | Listed for rent | $1,400 |
Source: Zillow Rentals Report a problem | ||
| 7/11/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 6/23/2024 | Listed for rent | $1,400 |
Source: Zillow Rentals Report a problem | ||
| 6/21/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 6/11/2024 | Listed for rent | $1,400 |
Source: Zillow Rentals Report a problem | ||
| 6/10/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 3/24/2024 | Listed for rent | $1,400+27.3% |
Source: Zillow Rentals Report a problem | ||
| 11/4/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 9/25/2023 | Listed for rent | $1,100 |
Source: Zillow Rentals Report a problem | ||
| 8/19/2022 | Sold | $275,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,231 -1% | $169,700 -4.8% |
| 2024 | $4,272 +227.2% | $178,300 -1% |
| 2023 | $1,306 +38.4% | $180,100 +225.7% |
| 2022 | $944 +27.7% | $55,300 +35.2% |
| 2021 | $739 +7.5% | $40,900 +28.2% |
| 2020 | $687 +7.2% | $31,900 +9.6% |
| 2019 | $641 | $29,100 +8.2% |
| 2018 | -- | $26,900 -8.2% |
| 2017 | $5,516 +784.9% | $29,300 |
| 2016 | $623 +5.6% | $29,300 +7.3% |
| 2014 | $590 -4.1% | $27,300 |
| 2013 | $615 | $27,300 +0.4% |
| 2012 | $615 | $27,200 +26.5% |
| 2011 | -- | $21,500 |
| 2010 | $452 -2.3% | $21,500 |
| 2009 | $462 | $21,500 |
| 2007 | -- | $21,500 |
Find assessor info on the county website
Neighborhood: Martindale-Brightwood
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Nearby schools
GreatSchools rating
- NAJoyce Kilmer School 69Grades: 6Distance: 0.8 mi
- 2/10Shortridge High SchoolGrades: 9-12Distance: 2.4 mi
- 4/10Francis W. Parker School 56Grades: PK-8Distance: 1.4 mi
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Estimated market value
$248,000
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
$248,000
- Indiana
- Marion County
- Indianapolis
- 46218
- Martindale-Brightwood
- 2930 N Dearborn St
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