$550,000

3539 N College Avenue, Indianapolis, IN 46205

Multi-Family Home
Built in 1910
6,534sqft lot
—— car garage
$——/sqft
Listed 13 days ago

Property Description

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.

Listing Status:: Active
Data Last Updated:: April 2, 2026 at 8:20PM
Listing Office:: @properties : 317-513-4251
Listing Agent:: Kristin Glassburn : 317-513-4251
MLS ID:: 22089150

Laundry: Connections AllLaundry RoomOther
Basement: Unfinished
A/C: Window Unit(s)
Heating: Forced Air

Style: Split Level
Parking: Assigned

General: Three Or More

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

Zoning: Hasselman Place Add 1st Sec 20Ft S Side L4& 20Ft N Side L5490624161042000101
View: DowntownView
Current Use: Apt<20

Source: mibor

This listing courtesy of Kristin Glassburn , @properties

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

IPS Butler University Laboratory School 60

3330 N Pennsylvania St, Indianapolis, IN, 46205

Grades PK-8

0.60 miles away

IPS Butler University Laboratory School 60

3330 N Pennsylvania St, Indianapolis, IN, 46205

Grades PK-8

0.60 miles away

Shortridge High School

3401 N Meridian St, Indianapolis, IN, 46208

Grades 9-12

0.58 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.