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General Investment Overview: 3716-3718 E Market St, Indianapolis, IN 46201

Historic Near Eastside Quadplex for Savvy Investors: 1925-built fourplex in rising Indianapolis 46201 zip—prime multifamily opportunity with Section 8/VA subsidy draw, blending classic charm and rental income potential in gentrifying Cottage Home area
Balanced Layout with Expansion Ready: 1,480 sq ft above-grade in 4x 1BR/1BA units + full 1,480 sq ft unfinished basement for easy BR adds—ideal BRRRR or cash-flow play in high-demand Eastside multifamily market
50% Leased for Quick Cash Flow: Front units at $2,200/mo ($26,400/yr); back vacant units lease fast at $1,100–$1,200/unit excl. utils, hitting $4,400–$4,800/mo total ($52,800–$57,600/yr) after minor tweaks
Low-Rehab Path to Strong Returns: $5K–$10K cosmetics (paint, appliances) + $10K–$16K basement BRs (1/side) = $344K–$365K all-in; targets 18–24% ROI, 10–12% cap rates in booming Indy rentals
ARV $420K–$450K on Solid Comps: Backed by 2025 sales like $400K duplex (June, 1,456 sq ft, 0.57mi), $312K (Jan, 1,401 sq ft, 0.42mi); recent July fourplex listing at $500K (0.1mi) signals upward trajectory
DSCR-Friendly with Utility Upside: $37K–$43K NOI yields 1.45–1.60 DSCR (20% down, 7.5% rate); $2K sub-meters enable tenant-paid utils, low $1,960/yr taxes boost recession-proof appeal
Investor Must-Have Perks: Absentee-owned, clean title, walkable to Emerson Heights—fits 1031s, DSCR loans, or portfolio growth in Indianapolis' hottest multifamily corridor

For more info go to my website: REIOFFER.NET (view all inventory)
Call or Text: 317-610-9834

Near Eastside

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3716 E Market St, Indianapolis, IN 46201

Overview

What the owner loves about this home