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4-Unit Townhome Quadplex
For Sale
$949,000

1101 Sterling St, Indianapolis, IN 46201

Occupied townhome package with management in place and flexibility for separate unit sales.

Property SizeContact for details
Days on Market47

Property Features for 1101 Sterling St

General Information

Standard status Active
Property subtype Multi-Family
Occupancy 100%

Units

Unit Mix 4 x 3BR/1.5BA
Multifamily Units 4

Building Details

Year Built 1910
Tenancy Multi
Listing Agency: United Real Estate Indpls
Listed By: Benjamin Claghorn () · License #RB14045889
Source: Fortwayneareahomesforsale
Added: Jul 16 Changed: Aug 31 Last Checked: Aug 31 at 5:32PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of United Real Estate Indpls

Investment Insights

Based on property information with market context.

This multifamily property comprises four townhome units, each offering three bedrooms and one and one-half baths. Every residence includes a loft on the third floor. Constructed in 1910, the property is subject to a party wall agreement, and the units may be sold individually.

All four residences are currently occupied, with management already in place. The property is within walking distance of the Bottleworks District, Mass Ave, Kan-Kan, and Amelia's. The four addresses are 1101, 1103, 1105, and 1107 Sterling Street.

Key Highlights

  • Four townhome units, each with 3 bedrooms and 1.5 baths
  • Third‑floor loft included in every unit
  • All units currently occupied with management in place

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Pharmacy Accounting Firm Grocery & Convenience Store Carpet & Flooring Store (Bike/Boat/Book/etc) Store Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,030
Businesses Nearby

Demographics for 46201, IN

31,408
Population
17,145
Households
1.8
Avg Household Size
34
Median Age
26%
College-Educated
78%
High-School Grad
5.6 sq mi
ZIP Area
5,609
Density / Sq Mi
$43,183
Median Household Income
$36,951
Median Earnings
$929
Median Rent
$150,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - Occupied townhome package with management in place and flexibility for separate unit sales.
Where is this quadplex located?
The property is located at 1101 Sterling St Indianapolis, IN.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Four townhome units, each with 3 bedrooms and 1.5 baths; Third‑floor loft included in every unit; All units currently occupied with management in place
More about this property
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