Active

Price cut: $25K (5/28)

$525,000

3535 N College Ave, Indianapolis, IN 46205

12beds

4baths

--sqft

$3,534/mo

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Multi Family, Quadruplex

Built in 1910

-- sqft lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

Main-floor and upper-level layoutsLvp flooring throughout

INVESTMENT opportunity! Purchase this 4-plex individually or with the neighboring 4-plex for added scale - 8 doors! 2025 cap rate near 6%. Each unit offers 3 bedrooms, 1 full bath, and an in-unit washer/dryer, with a mix of main-floor and upper-level layouts. This plus the neighboring 4-plex property, has seen nearly $180K in improvements, including a roof replacement (2020), LVP flooring throughout, and extensive interior updates to kitchens, baths, paint, and drywall. Add this income-producing asset to your portfolio today.

122 days

342

30

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 12
Bathrooms: 4

Heating

Forced Air

Cooling

Window Unit(s)

Appliances

Laundry: Laundry Room

Video & virtual tour

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Property

Parking

Parking features: Assigned
Details: Unit Parking(On Street, Parking Lot)

Features

Levels: Two
Stories: 2
Has view: Yes
View description: Downtown

Lot

Size: 6,534 Square Feet
Features: Busline

Details

Parcel number: 490624161002000101

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family, Quadruplex

Materials

Vinyl Siding

Condition

New construction: No
Year built: 1910

Community & HOA

Community

Security: Carbon Monoxide Detector(s), Smoke Detector(s), Varies By Unit
Subdivision: Hasselman Place

Location

Region: Indianapolis

Financial & listing details

Annual tax amount: $3,236
Date on market: 3/23/2026
Cumulative days on market: 124 days
Tenant pays: Electricity, Grounds Care, Sewer, Water

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
5/28/2026	Price change	$525,000-4.5%
Source: MIBOR as distributed by MLS GRID #22089148 Report a problem
3/23/2026	Listed for sale	$550,000+131.6%
Source: MIBOR as distributed by MLS GRID #22089148 Report a problem
8/5/2023	Listing removed	--
Source: Zillow Rentals Report a problem
7/23/2023	Price change	$925-2.6%
Source: Zillow Rentals Report a problem
4/11/2023	Listed for rent	$950+72.7%
Source: Zillow Rentals Report a problem
10/15/2020	Sold	$237,500+295.8%
Source: MIBOR as distributed by MLS GRID #21732517 Report a problem
9/2/2016	Sold	$60,000+75.9%
Source: MIBOR as distributed by MLS GRID #21364582 Report a problem
7/6/2012	Listing removed	$550
Source: Discover Properties LLC Report a problem
4/14/2012	Listed for rent	$550
Source: Discover Properties LLC Report a problem
8/4/2009	Sold	$34,111+114.5%
Source: MIBOR as distributed by MLS GRID #2932881 Report a problem
7/17/2009	Listed for sale	$15,900
Source: CENTURY 21 Realty Group I #2932881 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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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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