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Remodeled Four-Unit Property
For Sale
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Pending

1547 N Grant Ave, Indianapolis, IN 46201

Remodeled income property with all units occupied by long-term Section 8 tenants.

Property Size686 SF
Days on Market329

Property Features for 1547 N Grant Ave

General Information

Standard status Pending
Size 686 SF
Property subtype Multifamily

Additional Details

Gross Income $71,040
Multifamily Units 4

Building Details

Year Built 1935
Stories 1
Units 4
Listing Agency: F.C. Tucker Company
Listed By: Chas Schaffernoth · License #IN RB21001081
Source: Crexi
Added: Oct 8, 2025 Changed: Aug 29 Last Checked: Aug 31 at 11:17AM

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 F.C. Tucker Company

Investment Insights

Based on property information with market context.

This four-unit residential income property was built in 1935 and has undergone remodeling throughout all units. Each unit is currently occupied by a long-term Section 8 tenant, providing an established occupancy profile.

The property is located at 1547 N Grant Ave in Indianapolis, Indiana. Its four-unit configuration and completed remodeling make it a defined multifamily asset with existing residential occupancy.

Key Highlights

  • Four residential units in one property
  • All units have been remodeled
  • Currently occupied by long‑term Section 8 tenants

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Spa & Massage Center Skin Care Clinic Restaurant

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

Location Intelligence

Trade Area within ½ mile

413
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 - Remodeled income property with all units occupied by long-term Section 8 tenants.
Where is this quadplex located?
The property is located at 1547 N Grant Ave Indianapolis, IN.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Four residential units in one property; All units have been remodeled; Currently occupied by long‑term Section 8 tenants
(317) 975-1523 Call to check price and availability
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