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Listed by RJ LaChance • Tyler Knows Real Estate LLC
$ 419,000
Est. payment | /mo
0.53 Acres Lot
$ 419,000
Est. payment | /mo
0.53 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Devington Acres
MLS Listing ID 22128457
Year Built 1978
Tax Year 2025
Lot Size 0.530 Acres
Acres 0.53
Property Sub-Type Quadruplex
Property Description
Excellent investment opportunity on Indy's northeast side! This solid four-unit apartment building offers immediate cash flow with additional upside for the next owner. Each unit features 2 bedrooms and 1 full bathroom, with tenants paying their own electricity. Three units are currently occupied with rents slightly below market, providing an opportunity to increase income over time, while the vacant unit offers flexibility to place a new tenant at market rent or make this an attractive owner-occupant opportunity. A detached garage provides each unit with its own dedicated garage space-a valuable amenity for tenants and an additional advantage when attracting future renters. With eight total bedrooms, four units, tenant-paid electric, and dedicated garage parking, this property has the fundamentals for a strong long-term investment. Enjoy cash flow from day one with the opportunity to increase rents and maximize future income. Ideal for an investor looking to expand their portfolio or an owner-occupant looking to live in one unit while generating income from the other three.
Location
State IN
County Marion
Interior
Fireplace N
Exterior
Garage Spaces 4.0
View Y/N false
Building
Story Three Or More
Architectural Style Traditional
Structure Type Vinyl With Brick
New Construction false
Schools
School District Indianapolis Public Schools
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