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2311 Shelby Street

Indianapolis, IN 46203

ActiveListed Jan 7, 2026 · 103 days on market

Key facts

Lot
0.12 acres
Year built
1920
Type
Residential Income · Quadruplex
MLS #
22078961
County
Marion
Subdivision
Downeys

About this home

This quadruplex has 2 units on each floor and is conveniently located near Fountain Square and just minutes from downtown Indy. The building has 4 paved parking spots (rear of building) with additional street parking (front of building). Tenants currently have month to month leases and rent includes water/heat. Owner is selling 2 parcels together and does not want to separate. Please see MIBOR website for listing ID's #22078961 & #22078931.

Description provided by the listing brokerage.

Schools

School district
Indianapolis Public Schools

Taxes

Estimated annual tax
$2,874 / yearTwice the semi-annual installment the listing reports.
Tax year
2024

Estimate your monthly payment

$2,261per month, estimated
Principal and interest $1,890Property tax $240Insurance $131
20% · $75,000
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

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Listed at$375,000
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