1728 N Delaware Street, Indianapolis, IN 46202

Property Description

Exceptional investment opportunity with this fully operational quadplex ideally positioned near downtown. This four-unit multifamily property has demonstrated strong short-term income performance under current ownership, offering both immediate cash flow and long-term appreciation potential. Located just moments from vibrant entertainment, popular dining destinations, and boutique retail, the property benefits from a highly desirable setting that consistently drives strong occupancy and rental demand. Easy access to major city streets and nearby highways makes this an attractive option for students, young professionals, and commuters alike. Each of the four units features its own private entrance, laundry connections, and modern updates throughout. Thoughtful improvements enhance functionality and appeal, while flexible layouts allow each unit to comfortably accommodate multiple occupants-maximizing rental potential. Whether you're expanding your portfolio or entering the multifamily space, this income-producing asset offers location, versatility, and proven performance in one of the city's most accessible corridors.

Listing Status:

Active

Data Last Updated:

February 16, 2026 at 6:20AM

Listing Office:

eXp Realty, LLC : 317-797-5062

Listing Agent:

James Gilday : 317-797-5062

MLS ID:

22083456

Interior

• Laundry: Connections All
• A/C: Central AirHeat PumpWindow Unit(s)
• Heating: Forced AirNatural Gas

Exterior

• General: OtherBalcony
• Style: Craftsman
• Parking: Detached

Construction

• Roofing: Shingle
• General: Two

Location

• Originating MLS: mibor
• School District: Indianapolis Public Schools
• County: Marion

Lot

• Zoning: Allen & Roots North Add L22490636158062000101
• Current Use: Residential

Financial

• Source: mibor