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3539 N College Avenue

Indianapolis, IN 46205

ActiveListed Mar 20, 2026 · 68 days on market

Key facts

Lot
0.15 acres
Year built
1910
Type
Residential Income · Quadruplex
Stories
Three or more
MLS #
22089150
County
Marion
Subdivision
Hasselman Place

About this home

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.

Description provided by the listing brokerage.

Interior

Basement
Unfinished
Laundry
Connections AllLaundry Room
Condition
Updated/Remodeled

Exterior

Construction
Vinyl Siding
Style
Split Level
Parking and garage
Assigned
View
Downtown

Systems

Heating
Forced Air
Cooling
Window Unit(s)

Lot and HOA

Lot features
Busline

Schools

School district
Indianapolis Public Schools

Taxes

Estimated annual tax
$3,358 / yearTwice the semi-annual installment the listing reports.
Tax year
2024

Estimate your monthly payment

$3,110per month, estimated
Principal and interest $2,646Property tax $280Insurance $184
20% · $105,000
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.

Talk to a lender we trust
Listing Office:
@properties
Listing Office Phone:
317-489-3441
Listed by
Firm
@properties
Firm phone
317-489-3441
MLS #
22089150
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Listed at$525,000
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