This recently updated quadplex in Indianapolis presents a prime investment opportunity with strong rental potential. Each of the four units has been modernized with contemporary finishes, updated kitchens and bathrooms, making the property move-in ready and low-maintenance. Located in a rapidly developing area with easy access to downtown, major employers, and local amenities, this property is perfectly positioned to attract reliable tenants and generate steady cash flow. Whether you're a seasoned investor or just starting out, this turnkey asset offers both immediate income and long-term value in one of Indianapolis's most promising neighborhoods. Units 2, 3 & 4 are tenant occupied. Unit 2 pays $700 base rent plus a $150 utility addendum. Unit 4 pays $1050 base rent + $225 utility addendum. Unit 3 pays $700 base rent plus a $150 utility addendum. Unit 1 is currently vacant with an approved applicant moving in 8/15 that will be paying $700/month + $150 utility addendum.
Pending
Price cut: $10K (7/23)
$285,000
4830 E Washington St, Indianapolis, IN 46201
5beds
5baths
--sqft
Est.:
Multi Family, Quadruplex
Built in 1912
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Modernized with contemporary finishesUpdated kitchens
- 36 days
- on Zillow |
- 363 |
- 40 |
Zillow last checked: 7 hours ago
Listing updated: July 28, 2025 at 09:22am
Listing Provided by:
Richard Vinson 317-494-2279,
Trueblood Real Estate
Source: MIBOR as distributed by MLS GRID,MLS#: 22044613

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
Heating
- Forced Air, Natural Gas
Cooling
- Window Unit(s)
Features
- Has basement: Yes
Video & virtual tour
Property
Parking
- Total spaces: 1
- Details: Unit Parking(1 Car Garage)
Features
- Levels: Two
- Stories: 2
Lot
- Size: 3,920.4 Square Feet
Details
- Parcel number: 491004103010000101
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Quadruplex
Materials
- Brick, Stone
- Foundation: Stone
Condition
- New construction: No
- Year built: 1912
Community & HOA
Community
- Subdivision: Moores Sub Blankenship
Location
- Region: Indianapolis
Financial & listing details
- Tax assessed value: $139,000
- Annual tax amount: $3,410
- Date on market: 6/27/2025
- Road surface type: Asphalt
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