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Listed by Mihir Bhimaraju • Real Broker, LLC
$ 430,000
Est. payment /mo
New
29 N Tacoma AVE Indianapolis, IN 46201
5,227 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision A M Ogle Et Al East Park
MLS Listing ID 22109656
Year Built 1920
Tax Year 2024
Lot Size 5,227 Sqft
Acres 0.12
Property Sub-Type Quadruplex
Property Description
Calling all investors and house hackers! This renovated fourplex presents an excellent opportunity to own a cash-flowing multifamily property just minutes from downtown Indianapolis. The property currently has three occupied units generating approximately $3,300 per month in rental income, with one vacant unit that was previously rented for $1,100 per month, offering a total rental potential of approximately $4,400 per month. The unit mix consists of two 2-bedroom units and two 1-bedroom units, providing a desirable layout that appeals to a wide range of tenants. The vacant unit also creates an ideal opportunity for an owner-occupant to offset their mortgage while building equity through rental income. Conveniently located near Downtown Indianapolis, Fountain Square, Mass Ave, and Irvington, the property benefits from strong rental demand and long-term appreciation potential. There is additional upside through future rent increases, including the possibility of leasing to Section 8 tenants or local nonprofit housing organizations, which may provide higher rental rates and stable occupancy. Whether you're looking to grow your investment portfolio or purchase your first multifamily property, this fourplex offers immediate income with room for future growth. Schedule your showing today!
Location
State IN
County Marion
Interior
Fireplace N
Building
Story Two
Foundation Concrete Perimeter
Architectural Style Craftsman, Traditional
Structure Type Vinyl Siding
New Construction false
Schools
School District Indianapolis Public Schools
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