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$525,000
Monthly Est:$2,613
12 Beds
4 Baths
--sqft
3539 N College Ave, Indianapolis, IN 46205
$525,000
$2,613/moEst:
Get Pre-Approved
Quadruplex
Built in 1910
$-- HOA
6,400 sqft lot
--/sqft
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.
- Houzeo last checked: 12 hours ago
- Listing updated: May 28, 2026 at 7:18 am
- Listing Provided by: Kristin Glassburn | @properties (317) 513-4251
- Source: Metropolitan Indianapolis Board of REALTORS (MIBOR) MLS-IN | MLS#: 22089150
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
Year Built
1910
HOA Fees
-
Finished Area
- sqft
Lot Size
6,400 sqft lot
Basement Area
- sqft
MLS Name
Metropolitan Indianapolis Board of REALTORS (MIBOR) MLS
MLS Number
22089150
MLS Status
Active
Days on Market
198
Cumulative Days on Market
68
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 12
Bathrooms: 4
Interior
Heating
Forced Air
Cooling
Window Unit(s)
Construction
Year Built
Year Built: 1910
Home type
Quadruplex
Construction Materials
Vinyl Siding
Architectural Style
Split Level
Property Condition
Updated/remodeled
Utilities & Energy
Basement
Unfinished
Laundry Features
Connections All, Laundry Room, Other
Parking Features
Assigned
Other Features
Tenant Pays
All Utilities, Insurance
Subdivision Name
Hasselman Place
Lot Features
Busline
Price History
| Date | Event | Price |
|---|---|---|
03/23/2026 Source: | Listed for Sale | $550,000 +4.76% $0/sqft |
03/23/2026 Source: | Price Increased | $525,000 +635.38% $0/sqft |
01/15/2023 Source: | Price Decreased | $71,392 -85.58% $0/sqft |
10/16/2020 Source: | Price Increased | $495,000 +108.42% $0/sqft |
10/16/2020 Source: | Price Increased | $237,500 +400.00% $0/sqft |
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Mapleton - Fall Creek Ranks #59 in Indianapolis, IN
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Based on information from MIBOR REALTOR® Association through Oct 07, 2026, 06:00AM. The Broker Listing Cooperative® listing service's Listing information is deemed reliable but is not guaranteed accurate by the Broker Listing Cooperative® listing service. All data is obtained from various sources and may not have been verified by broker or Broker Listing Cooperative listing service. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.. All Rights Reserved. © 2026 MIBOR REALTOR® Association.
Advertising Broker: Jonah Hartsburg | Hoosier Hub Realty