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.
Active
$700,000
3818 Central Ave, Indianapolis, IN 46205
8beds
4baths
--sqft
Est.:
Multi Family, Quadruplex, Apartment
Built in 1920
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 97 days
- on Zillow |
- 1,181 |
- 87 |
Zillow last checked: 7 hours ago
Listing updated: July 11, 2025 at 01:33pm
Listing Provided by:
Cory Gardner 260-705-7325,
Gardner Property Group
Source: MIBOR as distributed by MLS GRID,MLS#: 22037069

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
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 Square Feet
- 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 & HOA
Community
- Subdivision: No Subdivision
Location
- Region: Indianapolis
Financial & listing details
- Tax assessed value: $314,600
- Annual tax amount: $2,162
- Date on market: 5/16/2025
- Tenant pays: Rent Only
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