Key facts
- Lot
- 0.13 acres
- Year built
- 1924
- Type
- Residential Income · Quadruplex
- MLS #
- 22121469
- County
- Marion
- Subdivision
- C E Reynolds North Tuxedo Add
About this home
Fully tenanted four-plex, actively generating $3,440 in gross monthly rent. With all four studio units currently occupied, investors can benefit from an established 2% rule, in rental income, without the initial vacancy and lease-up period. Owner pays utilities. An excellent opportunity for investors seeking a fully occupied multi-family property with strong income potential. Off-street parking available behind unit. Minutes from both Downtown and Irvington. Back on market through no fault of the seller.
Description provided by the listing brokerage.
Exterior
- Foundation
- Parking and garage
Systems
- Heating
- Cooling
Schools
- School district
- Indianapolis Public Schools
Taxes
- Estimated annual tax
- $9,636 / yearTwice the semi-annual installment the listing reports.
- Tax year
- 2025
Estimate your monthly payment
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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