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    3805 Biscayne Rd Indianapolis, IN 46226

    For Sale
    $1,500,000

    Multi-Family 5+ - Indianapolis, IN

    Property size:
    13,400 SF
    Days on Market:
    29
    Last Refresh:
    Dec 5 at 8:06 am

    Property Features for 3805 Biscayne Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Apts 17+ Family Zoning
    APN
    490818108047000401
    Parking features
    Assigned
    Exterior features
    Fencing
    Fencing
    Fenced
    Size
    13,400 SF

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1964
    Number of units
    17
    Architectural style
    Other

    Indy Metro Northeast dba Keller Williams Realty (317) 564-7100 [email protected]

    Listing agent Tiff Atkinson (317) 564-7100 License #RB14038571

    Listing date Nov 7, 2025

    MLS# 22039310 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 Multi-Family Investment Opportunity

    This 17-unit rental portfolio presents an investment opportunity in Indianapolis. The property is located minutes from Interstate 465, providing access to downtown Indianapolis, shopping, dining, and schools. The portfolio includes a mix of unit types: two one-bedroom units, four two-bedroom units, six three-bedroom units, and four four-bedroom units. Additionally, there is one end-unit condo featuring five bedrooms, two full baths, two half baths, a finished basement, and a three-car attached garage, as well as a maintenance building. Each unit includes a fenced private yard, washer and dryer connections, and two assigned parking spaces. The property is zoned for apartments with 17+ family zoning. The property size is 13400 square feet on a lot of 0 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.01348
    Latitude
    39.826358

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    FAQs

    What type of property is this?
    Apartment building - 17-unit rental portfolio near I-465 in Indianapolis.
    Where is this apartment building located?
    The property is located at 3805 Biscayne Rd Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: - 17-unit rental portfolio in Indianapolis; - Diverse mix of unit types, ranging from 1- to 5-bedroom; - Minutes from I-465 providing convenient access to amenities
    (317) 564-7100
    Request Owner's contact information
    3805 Biscayne Rd Indianapolis, IN 46226
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    Indianapolis, IN 46226
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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
    3805 Biscayne Rd Indianapolis, IN 46226
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