Key facts
- Lot
- 0.53 acres
- Year built
- 1978
- Type
- Residential Income · Quadruplex
- Stories
- Three or more
- Garage
- 4 spaces
- MLS #
- 22128457
- County
- Marion
- Subdivision
- Devington Acres
About this home
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.
Description provided by the listing brokerage.
Interior
- Laundry
Exterior
- Construction
- Style
- Parking and garage
Schools
- School district
- Indianapolis Public Schools
Taxes
- Estimated annual tax
- $10,722 / 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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