Location! Location! Location! Cash flow. Upside. This quadruplex sits just two blocks from the hottest area of downtown Indy, near Mass Ave and minutes from the vibrant Bottleworks District-placing tenants within walking distance of some of downtown Indianapolis' best dining, entertainment, and nightlife. The property offers an ideal blend of stability and flexibility, with current rents ranging from $1,500-$1,850 per unit. The unit mix includes long-term tenants, furnished rentals, and clear potential to expand into short-term rentals for increased yield. Renovated in 2024, the building features refreshed flooring throughout, updated appliances, and modernized interiors with a clean, turnkey feel. Furnished units are included in the sale, providing immediate income without additional capital investment. Whether you're looking for a strong performing asset today or a value-add play with STR upside, this is a rare opportunity in one of Indianapolis' most sought-after rental corridors. Broker-owned property.
Sold
$679,000
537 E 11th St, Indianapolis, IN 46202
1beds
1baths
--sqft
Multi Family, Quadruplex
Built in 1880
-- sqft lot
$679,100 Zestimate®
$--/sqft
$1,057 Estimated rent
Home value
$679,100
$645,000 - $713,000
$1,057/mo
Zestimate® history
Owner options
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$1,057/mo
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$1,057/mo
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$3,414/mo
Est. payment
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$3,414/mo
Est. payment
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Updated appliancesRefreshed flooring throughout
Zillow last checked:
Listing updated:
Listing Provided by:
Tyler Renick 317-258-7352,
Tyler Knows Real Estate LLC
Bought with:
Scott Burdine
RE/MAX At The Crossing
Source: MIBOR as distributed by MLS GRID,MLS#: 22090881
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
Heating
- Natural Gas
Cooling
- Separate Meters
Appliances
- Laundry: Common Laundry
Features
- Basement: Exterior Entry
Property
Parking
- Total spaces: 2
- Parking features: Detached
- Garage spaces: 2
- Details: Unit Parking(On Street, Other)
Features
- Levels: Two
- Stories: 2
- Exterior features: Balcony
- Fencing: Fenced,Partial,Front Yard
Lot
- Size: 5,227 sqft
- Features: Sidewalks, Street Lights
Details
- Parcel number: 490636143001000101
- Zoning: Multi
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Victorian
- Property subtype: Multi Family, Quadruplex
Materials
- Brick, Wood Siding
- Foundation: Brick/Mortar, Crawl Space
Condition
- New construction: No
- Year built: 1880
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Location
- Region: Indianapolis
- Subdivision: Cosbys Sub Ovis Butlers 1st Add
Other
Other facts
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 6/17/2026 | Sold | $679,000-3% |
Source:  MIBOR as distributed by MLS GRID #22090881 Report a problem | ||
| 4/20/2026 | Pending sale | $699,900 |
Source: MIBOR as distributed by MLS GRID #22090881 Report a problem | ||
| 3/23/2026 | Listed for sale | $699,900+12% |
Source: MIBOR as distributed by MLS GRID #22090881 Report a problem | ||
| 3/15/2024 | Sold | $625,000-3.1% |
Source: MIBOR as distributed by MLS GRID #21958629 Report a problem | ||
| 2/11/2024 | Pending sale | $645,000 |
Source: MIBOR as distributed by MLS GRID #21958629 Report a problem | ||
| 1/4/2024 | Listed for sale | $645,000 |
Source: MIBOR as distributed by MLS GRID #21958629 Report a problem | ||
| 1/4/2024 | Listing removed | -- |
Source: MIBOR as distributed by MLS GRID #21945537 Report a problem | ||
| 1/2/2024 | Listed for sale | $645,000 |
Source: MIBOR as distributed by MLS GRID #21945537 Report a problem | ||
| 10/10/2023 | Pending sale | $645,000 |
Source: MIBOR as distributed by MLS GRID #21945537 Report a problem | ||
| 9/28/2023 | Listed for sale | $645,000-3.7% |
Source: MIBOR as distributed by MLS GRID #21945537 Report a problem | ||
| 7/1/2022 | Listing removed | -- |
Source: MIBOR as distributed by MLS GRID #21837419 Report a problem | ||
| 4/19/2022 | Listed for sale | $670,000 |
Source: MIBOR as distributed by MLS GRID #21837419 Report a problem | ||
| 4/6/2022 | Pending sale | $670,000 |
Source: MIBOR as distributed by MLS GRID #21837419 Report a problem | ||
| 3/22/2022 | Price change | $670,000-6.9% |
Source: MIBOR as distributed by MLS GRID #21837419 Report a problem | ||
| 2/15/2022 | Listed for sale | $720,000+72.9% |
Source: MIBOR as distributed by MLS GRID #21837419 Report a problem | ||
| 9/1/2021 | Listing removed | -- |
Source: Zillow Rental Network Premium Report a problem | ||
| 8/19/2021 | Listed for rent | $1,000 |
Source: Zillow Rental Network Premium Report a problem | ||
| 12/3/2020 | Listing removed | $1,000 |
Source: Plat Collective #21736723 Report a problem | ||
| 11/11/2020 | Price change | $1,000-9.1% |
Source: Plat Collective #21736723 Report a problem | ||
| 9/3/2020 | Listed for rent | $1,100 |
Source: Plat Collective #21736723 Report a problem | ||
| 10/22/2019 | Sold | $416,500-2.9% |
Source: MIBOR as distributed by MLS GRID #21665692 Report a problem | ||
| 9/12/2019 | Pending sale | $429,000 |
Source: Carpenter Realtors, Inc. #21665692 Report a problem | ||
| 9/4/2019 | Listed for sale | $429,000 |
Source: Carpenter Realtors, Inc. #21665692 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $11,227 +0% | $583,200 +23.3% |
| 2024 | $11,222 +19.8% | $473,100 |
| 2023 | $9,368 +11.8% | $473,100 +19.2% |
| 2022 | $8,379 +7% | $396,800 +9.3% |
| 2021 | $7,834 +75.8% | $363,200 +7.4% |
| 2020 | $4,455 +57.9% | $338,300 +34.9% |
| 2019 | $2,821 +8.5% | $250,700 +43.7% |
| 2018 | $2,601 +0.6% | $174,500 +0.9% |
| 2017 | $2,585 +2.5% | $172,900 |
| 2016 | $2,522 +6.8% | $172,900 +5.6% |
| 2014 | $2,361 -4.8% | $163,800 |
| 2013 | $2,479 | $163,800 +1.2% |
| 2012 | $2,479 | $161,800 +32.8% |
| 2011 | -- | $121,800 |
| 2010 | $1,861 -0.6% | $121,800 |
| 2009 | $1,872 | $121,800 |
| 2007 | -- | $121,800 -21.5% |
| 2006 | -- | $155,200 -0.4% |
| 2005 | -- | $155,800 |
| 2004 | -- | $155,800 |
| 2003 | -- | $155,800 +225.9% |
| 2002 | -- | $47,800 +200.1% |
| 2001 | -- | $15,930 |
| 2000 | -- | $15,930 |
Find assessor info on the county website
Neighborhood: Downtown
Nearby schools
GreatSchools rating
- 7/10Center for Inquiry School 2Grades: K-5Distance: 0.3 mi
- 4/10Francis W. Parker School 56Grades: PK-8Distance: 1.5 mi
- 1/10Arsenal Technical High SchoolGrades: 9-12Distance: 0.8 mi
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Estimated market value
$679,100
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
$679,100
- Indiana
- Marion County
- Indianapolis
- 46202
- Downtown
- 537 E 11th St
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Nearby neighborhoods
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