448 N State Avenue SE, Indianapolis, IN 46201

Property Description

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, this property presents a solid opportunity in one of Indianapolis' most active growth corridors.

Listing Status:

Active

Data Last Updated:

April 2, 2026 at 7:19PM

Listing Office:

My Agent : 317-993-9681

Listing Agent:

Olubunmi Famosinpe : 317-993-9681

MLS ID:

22090573

Interior

• Laundry: No Laundry Facil.
• Basement: Exterior Entry

Construction

• General: Two

Location

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

Lot

• Zoning: Kollers Add 40Ft S End L46 L47 L48491006122009000101
• Current Use: Residential

Financial

• Source: mibor