This STR portfolio is comprised of four properties totaling 16 rentable units. This is a quadplex with 4 units. Current ownership has demonstrated strong short-term income potential. Near downtown locations and boutique finishes drive high occupancy and opportunities for increased revenue with a combination of STR and MTR. Conversion to townhomes/condos or LTR as well as development of included green space to add units offer multiple investment strategies.
Sold
$685,000
3818 Central Ave, Indianapolis, IN 46205
8beds
4baths
--sqft
Multi Family, Quadruplex, Apartment
Built in 1920
-- sqft lot
$-- Zestimate®
$--/sqft
$2,198 Estimated rent
Owner options
What's special
Zillow last checked: 7 hours ago
Listing updated: October 21, 2025 at 09:52am
Listing Provided by:
Cory Gardner 260-705-7325,
Gardner Property Group
Bought with:
Brian Hodges
Hodges Realty, LLC
Source: MIBOR as distributed by MLS GRID,MLS#: 22037069

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Main level bathrooms: 8
Appliances
- Laundry: Connections All
Features
- Has basement: Yes
Property
Parking
- Details: Unit Parking(Parking Lot)
Features
- Levels: Two
- Stories: 2
Lot
- Size: 8,712 sqft
- Features: Not Applicable
Details
- Parcel number: 490613118014000801
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Multi Family, Quadruplex, Apartment
Materials
- Brick
Condition
- New construction: No
- Year built: 1920
Community & neighborhood
Location
- Region: Indianapolis
- Subdivision: No Subdivision