448 N State Avenue Se, Indianapolis, IN 46201

Indianapolis
Local realty services provided by:Better Homes and Gardens Real Estate Gold Key
448 N State Avenue Se,Indianapolis, IN 46201
$509,999
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: olubunmi famosinpe
Office: my agent
MLS#:22090573
Source:IN_MIBOR

Price summary

  • Price:$509,999

About this home

Investor Opportunity - Turnkey Fourplex Near Downtown Indianapolis Well-maintained fourplex located in the rapidly developing Near Eastside, just minutes from downtown Indianapolis, Bottleworks District, and Mass Ave. This income-producing property features four spacious units, offering a strong blend of current cash flow and upside potential. Three units are currently leased, providing immediate income, while one unit is vacant and ready for a new tenant, allowing the next owner to lease at current market rates or occupy. Ideal for investors seeking a stabilized asset with room to increase rents, or for an owner-occupant looking to house hack while generating rental income. Each unit offers functional layouts with generous living space and consistent tenant appeal. Property benefits from its proximity to major employers, hospitals, dining, and entertainment, supporting strong rental demand in the area. Whether you're expanding your portfolio or entering the multifamily space,...

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Home facts

  • Year built:1910
  • Listing ID #:22090573
  • Added:53 day(s) ago
  • Updated:May 14, 2026 at 05:43 PM

Rooms and interior

  • Basement:Yes
  • Basement Description:Basement

Structure and exterior

  • Year built:1910
  • Lot area:0.11 Acres
  • Lot Features:Corner Lot, Sidewalks
  • Construction Materials:Cement Siding

Utilities

  • Water:Water
  • Sewer:Sewer

Finances and disclosures

  • Price:$509,999
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