Skip To Content

3535 N College Avenue

Indianapolis, IN 46205
  • $525,000
  • STATUS: Active
  • ON SITE: 73 Days
  • MLS #: 22089148
Price Reduced
UPDATED: 46 min ago
$525,000
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1910
County:

School Ratings & Info

School District:

Description

INVESTMENT opportunity! Purchase this 4-plex individually or with the neighboring 4-plex for added scale - 8 doors! 2025 cap rate near 6%. Each unit offers 3 bedrooms, 1 full bath, and an in-unit washer/dryer, with a mix of main-floor and upper-level layouts. This plus the neighboring 4-plex property, has seen nearly $180K in improvements, including a roof replacement (2020), LVP flooring throughout, and extensive interior updates to kitchens, baths, paint, and drywall. Add this income-producing asset to your portfolio today.

Monthly Payment Calculator



© 2026 Metropolitan Indianapolis Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the BLC® listing service or David Brenton's Team.

Based on information submitted to the MLS GRID as of 2026-06-05T18:26:49.46. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Click here for MLS GRID DMCA Notice
www.davidbrentonsteam.com/homes/174365369
Print Image

3535 N College Avenue Indianapolis, IN 46205

  • Price: $525,000
  • Status: Active
  • On Site: 73 Days
  • Updated: 46 min ago
  • MLS #: 22089148
0
Beds
0
Baths
0
½ Baths
0.15
Acres
1910
Built
Neighborhood:
Hasselman Place
County:
Marion
Area:
4910 - Marion - Center
School District:
Indianapolis Public Schools
Property Description
INVESTMENT opportunity! Purchase this 4-plex individually or with the neighboring 4-plex for added scale - 8 doors! 2025 cap rate near 6%. Each unit offers 3 bedrooms, 1 full bath, and an in-unit washer/dryer, with a mix of main-floor and upper-level layouts. This plus the neighboring 4-plex property, has seen nearly $180K in improvements, including a roof replacement (2020), LVP flooring throughout, and extensive interior updates to kitchens, baths, paint, and drywall. Add this income-producing asset to your portfolio today.
Exterior Features

Architectural Style Split Level Construction Materials Vinyl Siding Levels Two Lot Information Busline Parking Features Assigned Road Access Access Rd Structure Type Quadruplex Unit Parking On StreetParking Lot View Downtown View YN Yes

Interior Features

Cooling Window Unit(s) Heating Forced Air

Property Features

Acres <1/4 Acre Building Utilities SewerWater Current Use Apt<20 Dpr YN Yes Expenses 1080826 Laundry Laundry Room Net Operating Income 30716 New Construction YN No Number Of Units Total 4 Owner Pays InsuranceTaxesOther Possession ClosingNegotiable Possible Use Apt<20 Property Attached YN No Property Sub Type Quadruplex Security Features Carbon Monoxide Detector(s)Smoke Detector(s)Varies By Unit Semi Annual Property Tax Amt 1618 Solid Waste Yes Tax Exemption None Tax Year 2024 Tenant Pays ElectricityLawncareSewerWater Township Center Transaction Type Sale

Listing provided courtesy of @properties: . © 2026 Metropolitan Indianapolis Board of REALTORS®. Information Deemed Reliable But Not Guaranteed.


© 2026 Metropolitan Indianapolis Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the BLC® listing service or David Brenton's Team.

Based on information submitted to the MLS GRID as of 2026-06-05T18:26:49.46. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Click here for MLS GRID DMCA Notice
 
https://bt-photos.global.ssl.fastly.net/indy/1280_boomver_1_22089148-1.jpg https://bt-photos.global.ssl.fastly.net/indy/1280_boomver_1_22089148-1.jpg https://bt-photos.global.ssl.fastly.net/indy/1280_boomver_1_22089148-1.jpg
Logo
David Brenton's Team
4741 E Stop 11 Rd.
Indianapolis IN, 46237