537 E 11th Street, Indianapolis, IN 46202

Property Description

Location! Location! Location! Cash flow. Upside. This quadruplex sits just two blocks from the hottest area of downtown Indy, near Mass Ave and minutes from the vibrant Bottleworks District-placing tenants within walking distance of some of downtown Indianapolis' best dining, entertainment, and nightlife. The property offers an ideal blend of stability and flexibility, with current rents ranging from $1,500-$1,850 per unit. The unit mix includes long-term tenants, furnished rentals, and clear potential to expand into short-term rentals for increased yield. Renovated in 2024, the building features refreshed flooring throughout, updated appliances, and modernized interiors with a clean, turnkey feel. Furnished units are included in the sale, providing immediate income without additional capital investment. Whether you're looking for a strong performing asset today or a value-add play with STR upside, this is a rare opportunity in one of Indianapolis' most sought-after rental corridors. Broker-owned property.

Listing Status:

Active

Data Last Updated:

April 2, 2026 at 11:20PM

Listing Office:

Tyler Knows Real Estate LLC : 317-258-7352

Listing Agent:

Tyler Renick : 317-258-7352

MLS ID:

22090881

Interior

• Laundry: Common Laundry
• Basement: Exterior Entry
• A/C: Separate Meters
• Heating: Natural Gas

Exterior

• General: Balcony
• Style: Victorian
• Parking: Detached

Construction

• General: TwoBrick/MortarCrawl Space

Location

• Road/Access: City Street
• Originating MLS: mibor
• School District: Indianapolis Public Schools
• County: Marion

Lot

• Zoning: MultiCosbys Sub Ovid Butlers 1st Add L3 & 3 E Side L2490636143001000101
• Fencing: PartialFront Yard
• Current Use: Apt<20

Financial

• Source: mibor