3539 N College Avenue, Indianapolis, IN 46205

Indianapolis
Local realty services provided by:Better Homes and Gardens Real Estate Gold Key
3539 N College Avenue,Indianapolis, IN 46205
$550,000
Virtual Tour
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: kristin glassburn
Office: @properties
MLS#:22089150
Source:IN_MIBOR

Price summary

  • Price:$550,000

About this home

INVESTMENT opportunity! Purchase this 4-plex individually or with the neighboring 4-plex for added scale - 8 doors! 2025 cap rate near 6%. Each unit offers 3 bedrooms, 1 full bath, and an in-unit washer/dryer, with a mix of main-floor and upper-level layouts. This, plus the neighboring 4-plex property, has seen nearly $180K in improvements, including a roof replacement (2020), LVP flooring throughout, and extensive interior updates to kitchens, baths, paint, and drywall. Add this income-producing asset to your portfolio today.

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Home facts

  • Year built:1910
  • Listing ID #:22089150
  • Added:49 day(s) ago
  • Updated:May 12, 2026 at 02:40 PM

Rooms and interior

  • Basement:Yes
  • Basement Description:Basement, Unfinished

Heating and cooling

  • Cooling:Window Unit(s)
  • Heating:Forced Air

Structure and exterior

  • Year built:1910
  • Lot area:0.15 Acres
  • Lot Features:Busline
  • Construction Materials:Vinyl Siding

Finances and disclosures

  • Price:$550,000
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