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1602 E Vermont Street

Indianapolis, IN 46201

ActiveListed Oct 8, 2026 · 1 day on market

Key facts

Lot
0.12 acres
Year built
1910
Type
Residential Income · Quadruplex
Stories
Two
MLS #
22130450
County
Marion
Subdivision
Sturm & Kollers

About this home

Expand your investment portfolio with this well-maintained, brick-exterior fourplex! The property includes two 2-bedroom/1-bath units, one 1-bedroom/1-bath unit, and one efficiency unit. The larger 2-bedroom unit offers 1,225 square feet, its own washer and dryer, and central air. The second 2-bedroom unit offers 827 square feet, while the 1-bedroom unit offers 884 square feet. Shared basement laundry serves these two units and the efficiency unit. Improvements include replacement of the gas distribution system in 2021 and substantial roof replacement in 2023. Gross scheduled annual charges total $41,340. Ownership has historically prioritized tenant retention and minimal vacancy over maximizing rents, offering an opportunity to evaluate future rental growth. See attachments for lease details, utilities and additional improvements. Buyers should independently verify market rents and future rental potential. Please do not disturb tenants.

Description provided by the listing brokerage.

Interior

Laundry
Common LaundryIn Basement

Exterior

Roof
Asphalt
Construction
Brick

Lot and HOA

Lot features
Sidewalks

Schools

School district
Indianapolis Public Schools

Taxes

Estimated annual tax
$9,446 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$3,078per month, estimated
Principal and interest $2,142Property tax $787Insurance $149
20% · $85,000
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$425,000
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