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Listed by Peter Stewart • Keller Williams Indpls Metro N
$ 250,000
Est. payment /mo
New
2930 N Dearborn ST Indianapolis, IN 46218
5,227 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Rosedale
MLS Listing ID 22121036
Year Built 1910
Tax Year 2025
Lot Size 5,227 Sqft
Acres 0.12
Property Sub-Type Quadruplex
Property Description
Turnkey quadplex opportunity at 2930 N Dearborn St! Located in historic Martindale-Brightwood just 15 minutes from Downtown Indianapolis, this renovated four-unit property is primed for savvy investors and house hackers ready to offset living costs. All units are efficiency layouts (~500sq ft) with 1 bath ea, all turnkey, backed by over $40k in recent major improvements-including upgraded composition cement siding, new subflooring in all units, insulated plumbing, sewer cleanout, Section 8-compliant updates, and stylish modern finishes with LVP flooring. Currently under professional management, two units are leased into 2027 at $599/mo for reliable immediate cash flow paired with flat utility reimbursements ($185/mo), while two vacant units provide instant move-in flexibility or fresh lease-up upside. When fully leased the property is nearly at the 1% mark, and with section 8 tenants it should easily exceed that metric. Situated directly across from the 128-acre Washington Park-fresh off a $3.2M Lilly Endowment investment bringing a new splash pad, playgrounds, sports courts, and trails-and just moments from the booming 30th Street and Monon Trail corridors. Delivering effortless management, strong rental demand, and long-term neighborhood appreciation, this versatile quadplex is an outstanding addition to any portfolio. Schedule your showing today!
Location
State IN
County Marion
Interior
Heating Electric
Cooling None
Fireplace N
Exterior
Exterior Feature Not Applicable
View Y/N false
Roof Type Asphalt
Building
Story One
Foundation Crawl Space
Architectural Style Craftsman, Ranch
Structure Type Cement Siding
New Construction false
Schools
School District Indianapolis Public Schools
Others
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