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  • $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

    List your home for rent

    $2,198/mo

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    $2,198/mo

    Rent Zestimate®

    Refinance and save

    $4,026/mo

    Est. payment

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    $4,026/mo

    Est. payment

    What's special

    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.

    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#: 22037069MLS Logo

    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