$433,000

Estimated payment $2,745/month

8 Beds
4 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • 0.83 Acre Lot
  • Traditional Architecture
  • Corner Lot
  • Mature Trees

About This Home

Attention Investors! Hard to find 4-unit (true quad--not a conversion) on the northeast side of Indianapolis. Lawrence Township. Turnkey rental opportunity. Nice, large corner lot. Two-level brick with vinyl siding accents. Three of the four units are occupied, and one unit has been left vacant for showings. Vacant unit is move-in ready. It has new carpet in bedrooms, new kitchen and bathroom flooring. Large living rooms in all units. Kitchens have eat-in areas. Newer mechanicals. Roof is just 8 years old. Newest tenant in apartment one pays market rent. Other two units are long term tenants and are on a month-to-month leases. Two units are on the main level and the other two are on the second floor. Stoves and refrigerators are included but not warranted. Tenants pay their gas and electric which are metered separately. See attachments. Majority of the building has vinyl replacement windows. Each unit has one assigned parking space in the carport. Plenty of street parking. Shared Driveway Agreement is in place. Newly renovated Arlington Middle School is very close. The property is off of East 56th St and close to I465. Less than a 10 minute drive to Fort Ben State Park and all the amenities that Fort Ben has to offer. Also near the YMCA which has a fitness gym and pools. Property sold As-Is. Buyer to complete all due diligence. Room sizes are estimated. Buyers to confirm. Seller is a licensed real estate broker/managing member of the LLC.

Listing Agent

Pamela Brown

PMI Indianapolis Brokerage Email: pam@PMIindy.com License #RB14027637 Listed on: 09/17/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,128

Year Built

  • Built in 1959

Lot Details

  • 36,198 Sq Ft Lot
  • Corner Lot
  • Mature Trees

Home Design

  • Quadruplex
  • Traditional Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Vinyl Siding

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • Carport
  • Assigned Parking

Schools

  • Arlington Community Middle School

Additional Features

  • 2-Story Property
  • City Lot

Community Details

  • Devington Acres Subdivision

Listing and Financial Details

  • The owner pays for ins hazard, lawncare, taxes, sewer, water
  • Legal Lot and Block 88 / 2
  • Assessor Parcel Number 490711102032000401

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,128

Year Built

Built in 1959

Lot Details

0.83 Acres

Listing Details

  • Property Sub Type: Quadruplex
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2025
  • Year Built: 1959
  • Lot Size Acres: 0.83
  • On Market Date: 2026-09-17
  • Structure Type: Quadruplex
  • Subdivision Name: Devington Acres
  • Transaction Type: Sale
  • Conversion: No
  • Attribution Contact: pam@PMIindy.com
  • Special Features: None

Interior Features

  • Basement: No
  • Levels: Two
  • Total Bathrooms: 4
  • Total Bedrooms: 8
  • Owner Pays: Ins Hazard, Lawncare, Taxes, Sewer, Water

Exterior Features

  • Roof: Asphalt, Shingle
  • Construction Materials: Brick, Vinyl Siding
  • Direction Faces: South
  • Exterior Features: Not Applicable
  • Foundation Details: Slab
  • Road Access: Not Applic

Garage/Parking

  • Carport Spaces: 4
  • Parking Features: Assigned, Carport
  • Unit Parking: On Street,Other

Utilities

  • Solid Waste: Yes

Schools

  • Middle Or Junior School: Arlington Community Middle School

Lot Info

  • Lot Features: City Lot, Corner Lot, Mature Trees
  • Additional Parcels: No
  • Current Use: Residential
  • Lot Size Sq Ft: 36198
  • Parcel Number: 490711102032000401
  • Acres: 1/2-1 Acre

Rental Info

  • Tenant Pays: Electricity, Gas, Insurance, Other

Tax Info

  • Tax Annual Amount: 4128
  • Tax Block: 2
  • Tax Lot: 88
  • Semi Annual Property Tax Amt: 2064
  • Tax Exemption: None

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,328 $163,400 $50,100 $113,300
2024 $2,732 $182,400 $50,100 $132,300
2023 $2,732 $103,500 $25,000 $78,500
2022 $2,174 $86,000 $25,000 $61,000
2021 $1,934 $77,800 $22,800 $55,000
2020 $1,936 $77,800 $22,800 $55,000
2019 $1,907 $75,300 $22,800 $52,500
2018 $1,919 $75,300 $22,800 $52,500
2017 $1,676 $73,300 $22,800 $50,500
2016 $1,574 $70,200 $22,800 $47,400
2014 $1,505 $69,600 $22,800 $46,800
2013 $1,619 $69,600 $22,800 $46,800
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/17/2026 09/17/26 For Sale $433,000 0.0% --
12/03/2025 12/03/25 Rented $860 +1.2% --
11/30/2025 11/30/25 Under Contract -- -- --
11/05/2025 11/05/25 Price Changed $850 -2.9% $1 / Sq Ft
11/04/2025 11/04/25 For Rent $875 -- --
Source: MIBOR Broker Listing Cooperative®

Source: MIBOR Broker Listing Cooperative®

MLS Number: 22126702

MIBOR Broker Listing Cooperative®

APN: 49-07-11-102-032.000-401

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