All-Brick Fourplex with 2BR
1635 Central Avenue Indianapolis, IN 46202
1635 Central Avenue, Indianapolis, IN, 46202
$525,000
For Sale
$525,000
MULTI_FAMILY - Indianapolis, IN
Lot Size0.12 Acres
Days on Market52
Property Features for 1635 Central Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- ZO01
- Rooms
- Basement
- Basement
- Daylight, Unfinished, Storage Space
- Standard status
- Active
- APN
- 490636145012000101
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- Ritters Sub Johnson Heirs Add 68.6Ft Nl 68Ft Sl Of74.3Ft S End L2 (Bldg C)
Utilities
- Heating system
- Forced Air, Electric (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1930
- Floors in Building
- 2
- Number of units
- 4
- Building materials
- Brick
Listing agency
Keller Williams Indy Metro Partners
(317) 271-5959
Listed by
Emily Huskey · License #RB17000722
(317) 271-5959
Added: Jun 1 Updated: Jul 7 at 10:35AM Checked: Jul 22 at 2:06PM
MLS# 22105508
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This listing offers one all-brick four-unit building within a larger 12-unit complex. Each unit features a two-bedroom, one-bath layout with abundant natural light. Units are separately equipped with their own furnace, central air, and water heater, and include appliances such as a refrigerator and oven. Coin-operated laundry is available, with additional basement storage in each building, and the water heaters are located in the basements. Residents share a single large trash dumpster in the alley. Electric is individually metered for each unit, while there is no gas service.
The property is located at 1635 Central Avenue at the intersection of the Herron Morton and Old Northside neighborhoods and is in a designated Opportunity Zone. The building has its own parcel number and legal description. The owner currently covers water, sewer, and common area electric, while residents pay their own electric and an additional $50 per month for utilities; pet-eligible residents pay an extra $25 per month. The current property management company is willing to continue.
For investors or experienced landlords seeking a small-bay multifamily holding, this four-unit building provides a consistent unit mix of two-bedroom, one-bath apartments and a history of high occupancy, with 95% occupancy maintained over the past several years. One unit is currently recently vacant and available for showings, with access to the remaining units available after an accepted offer. Leases are in place at $895–$995 per month, and lease renewals will be at $995. Current rent roll, expenses, and utilities are available upon request. Zoning is ZO01.
The property is located at 1635 Central Avenue at the intersection of the Herron Morton and Old Northside neighborhoods and is in a designated Opportunity Zone. The building has its own parcel number and legal description. The owner currently covers water, sewer, and common area electric, while residents pay their own electric and an additional $50 per month for utilities; pet-eligible residents pay an extra $25 per month. The current property management company is willing to continue.
For investors or experienced landlords seeking a small-bay multifamily holding, this four-unit building provides a consistent unit mix of two-bedroom, one-bath apartments and a history of high occupancy, with 95% occupancy maintained over the past several years. One unit is currently recently vacant and available for showings, with access to the remaining units available after an accepted offer. Leases are in place at $895–$995 per month, and lease renewals will be at $995. Current rent roll, expenses, and utilities are available upon request. Zoning is ZO01.
Key Highlights
- 1930 brick apartment building with central air and forced‑air electric heat
- 4‑unit building; each unit has 2 bedrooms and 1 bathroom with lots of natural light
- Current rents are $895–$995 per month, with all leases renewing at $995
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - One of three all-brick four-unit buildings with spacious two-bedroom layouts, individual electric metering, and on-site coin laundry.
Where is this quadplex located?
The property is located at 1635 Central Avenue Indianapolis, IN.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 1930 brick apartment building with central air and forced‑air electric heat; 4‑unit building; each unit has 2 bedrooms and 1 bathroom with lots of natural light; Current rents are $895–$995 per month, with all leases renewing at $995
