This STR portfolio is comprised of four properties totaling 16 rentable units. This is a quadplex with 4 units. Current ownership has demonstrated strong short-term income potential. Near downtown locations and boutique finishes drive high occupancy and opportunities for increased revenue with a combination of STR and MTR. Conversion to townhomes/condos or LTR as well as development of included green space to add units offer multiple investment strategies.
Sold
$685,000
3818 Central Ave, Indianapolis, IN 46205
8beds
4baths
--sqft
Multi Family, Quadruplex, Apartment
Built in 1920
-- sqft lot
$-- Zestimate®
$--/sqft
$2,183 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,183/mo
Zestimate® history
Owner options
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$3,444/mo
Est. payment
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Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Cory Gardner 260-705-7325,
Gardner Property Group
Bought with:
Brian Hodges
Hodges Realty, LLC
Source: MIBOR as distributed by MLS GRID,MLS#: 22037069
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Main level bathrooms: 8
Appliances
- Laundry: Connections All
Features
- Has basement: Yes
Property
Parking
- Details: Unit Parking(Parking Lot)
Features
- Levels: Two
- Stories: 2
Lot
- Size: 8,712 Square Feet
- Features: Not Applicable
Details
- Parcel number: 490613118014000801
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Multi Family, Quadruplex, Apartment
Materials
- Brick
Condition
- New construction: No
- Year built: 1920
Community & HOA
Community
- Subdivision: No Subdivision
Location
- Region: Indianapolis
Financial & listing details
- Tax assessed value: $314,300
- Annual tax amount: $2,162
- Date on market: 5/16/2025
- Cumulative days on market: 79 days
- Tenant pays: Rent Only
Price history
| Date | Event | Price |
|---|---|---|
| 10/17/2025 | Sold | $685,000-2.1% |
Source:  MIBOR as distributed by MLS GRID #22037069 Report a problem | ||
| 9/19/2025 | Pending sale | $700,000 |
Source: MIBOR as distributed by MLS GRID #22037069 Report a problem | ||
| 7/11/2025 | Listed for sale | $700,000 |
Source: MIBOR as distributed by MLS GRID #22037069 Report a problem | ||
| 6/2/2025 | Pending sale | $700,000 |
Source: MIBOR as distributed by MLS GRID #22037069 Report a problem | ||
| 5/16/2025 | Listed for sale | $700,000-47% |
Source: MIBOR as distributed by MLS GRID #22037069 Report a problem | ||
| 8/22/2022 | Sold | $1,319,700-0.4% |
Source: MIBOR as distributed by MLS GRID #21866512 Report a problem | ||
| 7/6/2022 | Pending sale | $1,325,000 |
Source: MIBOR as distributed by MLS GRID #21866512 Report a problem | ||
| 7/1/2022 | Price change | $1,325,000+6% |
Source: MIBOR as distributed by MLS GRID #21866512 Report a problem | ||
| 6/28/2022 | Listed for sale | $1,250,000+183.3% |
Source: MIBOR as distributed by MLS GRID #21866512 Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 11/21/2020 | Listing removed | $441,222 |
Source: Owner Report a problem | ||
| 8/23/2020 | Listed for sale | $441,222+194.1% |
Source: Owner Report a problem | ||
| 4/26/2017 | Sold | $150,000+141.9% |
Source: MIBOR as distributed by MLS GRID #21468290 Report a problem | ||
| 7/10/2012 | Sold | $62,000+12.7% |
Source: Public Record Report a problem | ||
| 1/25/2011 | Sold | $55,000-11.3% |
Source: Public Record Report a problem | ||
| 6/15/2010 | Sold | $62,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,465 +92.1% | $314,300 -0.1% |
| 2024 | $3,885 +79.7% | $314,600 +92.1% |
| 2023 | $2,163 +11.2% | $163,800 +78.8% |
| 2022 | $1,945 -0.4% | $91,600 +8.7% |
| 2021 | $1,952 +3.5% | $84,300 |
| 2020 | $1,886 -0.9% | $84,300 +5.5% |
| 2019 | $1,903 +15.5% | $79,900 |
| 2018 | $1,648 -0.1% | $79,900 +3% |
| 2017 | $1,649 +0.5% | $77,600 +4.2% |
| 2016 | $1,641 +6.7% | $74,500 +4.8% |
| 2014 | $1,537 -16.8% | $71,100 -0.4% |
| 2013 | $1,848 | $71,400 -1.8% |
| 2012 | $1,848 | $72,700 -21.1% |
| 2011 | -- | $92,100 +1.4% |
| 2010 | $2,205 +0.8% | $90,800 |
| 2009 | $2,188 | $90,800 +0.1% |
| 2007 | -- | $90,700 |
Find assessor info on the county website
Neighborhood: Meridian Kessler
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Nearby schools
GreatSchools rating
- 3/10James Whitcomb Riley School 43Grades: PK-5Distance: 0.6 mi
- NAJoyce Kilmer School 69Grades: 6Distance: 1.6 mi
- 2/10Shortridge High SchoolGrades: 9-12Distance: 0.6 mi
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- Indiana
- Marion County
- Indianapolis
- 46205
- Meridian Kessler
- 3818 Central Ave
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