1635 Central Avenue, Indianapolis, IN 46202

Indianapolis
Local realty services provided by:Better Homes and Gardens Real Estate Gold Key
1635 Central Avenue,Indianapolis, IN 46202
$550,000
Virtual Tour
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: emily huskey
Office: keller williams indy metro s
MLS#:22105508
Source:IN_MIBOR

Price summary

  • Price:$550,000

About this home

Over 6% cap rate! Located at the intersection of the highly desirable Herron Morton and Old Northside neighborhoods, this property offers a prime opportunity for experienced landlords, or investors entering the multifamily market. The complex consists of three all brick buildings, four units each. Buildings can be purchased together as a 12 unit complex, or split into four plexes. Each building already has its own parcel number and legal description. (See BLC#22103331 for commercial 12 unit listing.) Each unit features a spacious two bedroom, one bath layout with lots of natural light. Units are currently leased for $895-$995 per month. All leases will renew at $995. With a fantastic 95% occupancy rate maintained over the past several years, this proven income-producing asset delivers consistent cash flow, long term stability, and strong investment potential. Inquire for rent roll, expenses, and utilities. Residents pay their own electric; all units are individually metered. No gas....

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Home facts

  • Year built:1930
  • Listing ID #:22105508
  • Added:1 day(s) ago
  • Updated:June 02, 2026 at 10:47 PM

Rooms and interior

  • Basement:Yes
  • Basement Description:Basement, Storage Space, Unfinished

Heating and cooling

  • Cooling:Central Electric
  • Heating:Electric, Forced Air
  • Central air:Yes

Structure and exterior

  • Year built:1930
  • Lot area:0.12 Acres
  • Lot Features:Mature Trees, Sidewalks, Street Lights
  • Construction Materials:Brick

Utilities

  • Water:Water
  • Sewer:Sewer

Finances and disclosures

  • Price:$550,000

Features and amenities

  • Amenities:Storage
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