$550,000

3539 N College Avenue, Indianapolis, IN 46205

Multi-Family Home
Built in 1910
6,534sqft lot
—— car garage
$——/sqft
Listed 2 months 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:: May 20, 2026 at 9:18PM
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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