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Townhome-Style Quadplex

1623 N Arsenal Avenue, Indianapolis, IN 46218

For Sale
$800,000
Pending

Residential Income, Indianapolis, IN

Property SizeContact for details
Lot Size0.13 Acres
Days on Market102

Property Features for 1623 N Arsenal Avenue

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Property condition Under Construction
Bedrooms 2
Bathrooms 3
Full bathrooms 3
Rooms Bathroom 1, Bedroom 1, Bathroom 3, Bedroom 2, Bathroom 2
Subdivision No Subdivision
High school Arsenal Technical High School
Elementary school district Indianapolis Public Schools
Middle school district Indianapolis Public Schools
High school district Indianapolis Public Schools
Directions GPS Friendly
Standard status Pending
APN 490731188144000101
Lot size 0.13 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description Indianapolis Car Co Add L21 B6
Tax Annual Amount 110
Legal Description Indianapolis Car Co Add L21 B6

Building Details

Year built 2026
Number of units 4
Buildings 1
Listing Agency: Neu Real Estate Group
Listed By: Alec Neu · License IN RB26000583
Added: Aug 5 Changed: Nov 5 Last Checked: Nov 14 at 2:06AM
MLS# 22118381

Copyright © 2026 Broker Listing Cooperative®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

This Indianapolis quadplex is under construction and scheduled for completion in 2026. It contains four townhome-style residences, each with a private entrance, 2 bedrooms, 2.5 bathrooms, and 1,320 square feet. Unit interiors are described with open layouts and contemporary kitchens.

The property occupies a 0.13-acre lot. Parks, shops, dining, and downtown Indianapolis are cited among nearby destinations.

Key Highlights

  • Four residences, each with 2 bedrooms and 2.5 bathrooms
  • 1,320 square feet per residence
  • Private entrance for each townhome‑style unit

Property Analytics

Who owns this building? See the owner, sales and loan history
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Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

624
Businesses Nearby

Demographics for 46218, IN

30,400
Population
15,343
Households
2
Avg Household Size
36
Median Age
11%
College-Educated
80%
High-School Grad
9.5 sq mi
ZIP Area
3,200
Density / Sq Mi
$34,635
Median Household Income
$29,745
Median Earnings
$1,056
Median Rent
$90,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Properties on Market for Quadplexes in Indianapolis

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Quadplex - Four residences have individual entrances and a two-bedroom, two-and-a-half-bathroom layout.
Where is this quadplex located?
The property is located at 1623 N Arsenal Avenue Indianapolis, IN.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Four residences, each with 2 bedrooms and 2.5 bathrooms; 1,320 square feet per residence; Private entrance for each townhome‑style unit
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