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Listed by RJ LaChance • Tyler Knows Real Estate LLC
$ 434,900
Est. payment | /mo
0.78 Acres Lot
$ 434,900
Est. payment | /mo
0.78 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Devington Acres
MLS Listing ID 22126166
Year Built 1960
Tax Year 2025
Lot Size 0.780 Acres
Acres 0.78
Property Sub-Type Quadruplex
Property Description
Excellent investment opportunity on Indy's northeast side! This solid brick 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, durable brick construction, 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.
Location
State IN
County Marion
Rooms
Basement Exterior Entry, Partially Finished
Interior
Heating Electric, Forced Air
Cooling Central Air
Fireplace N
Exterior
Exterior Feature Lighting
Garage Spaces 4.0
Roof Type Asphalt,Composition,Shingle
Building
Foundation Block
Architectural Style Traditional
Structure Type Brick,Wood Siding
New Construction false
Schools
Elementary Schools Skiles Test Elementary School
Middle Schools Belzer Middle School
High Schools Lawrence Central High School
School District Msd Lawrence Township
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