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    1629 E Michigan St Indianapolis, IN 46201

    For Sale
    $249,900

    Quadruplex - Indianapolis, IN

    Type:Quadruplex
    Lot size:
    0.15 Acres
    Days on Market:
    9
    Last Refresh:
    Dec 13 at 5:06 am

    Property Features for 1629 E Michigan St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Quadruplex
    Standard status
    Active
    APN
    491006122006000101
    Lot size
    0.15 Acres

    Building Details

    Year built
    1910
    Number of units
    4
    Architectural style
    Other

    Edward L Neu DBA Neu Real Estate Group (317) 710-9743 [email protected]

    Listing agent Timothy Catton (317) 572-9000 License #RB14040480

    Listing date Dec 5, 2025

    MLS# 22074469 Listing URL

    Copyright © 2025 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Indianapolis Quadplex Near Tech High

    This four-unit quadplex is located across the street from Tech High School in Indianapolis. Currently, three of the four units are rented, generating a total monthly income of $2742. The remaining vacant unit is in move-in condition and could potentially be rented for $750 per month. The property is situated on a lot of approximately 0.15 acres. A monthly management fee of $277 applies. Utility fee information is forthcoming. Further updates are expected soon.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.13118
    Latitude
    39.774152

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    FAQs

    What type of property is this?
    Quadplex - Four-unit property near Tech High School with income potential.
    Where is this quadplex located?
    The property is located at 1629 E Michigan St Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $249,900.
    What are key features of this property?
    This property features: - Quadplex with income potential from 3 existing rentals.; - Vacant unit in move-in condition available for immediate rental income.; - Total current rental income of $2742.
    (317) 572-9000
    Request Owner's contact information
    1629 E Michigan St Indianapolis, IN 46201
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    Indianapolis, IN 46201
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1629 E Michigan St Indianapolis, IN 46201
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