Brick Four-Unit Apartment
For Sale
$525,000
Pending
1635 Central Avenue, Indianapolis, IN 46202
Residential Income, Indianapolis, IN
Property SizeContact for details
Lot Size0.12 Acres
Days on Market100
Property Features for 1635 Central Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
ZO01
Rooms
Basement
Basement
Storage Space, Unfinished, Daylight
Subdivision
Ritters Sub Johnson
Lot features
Sidewalks, Street Lights, Mature Trees, Trees- Small ( Under 20 Ft)
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
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)
Legal 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
Amenities
laundry
storage
Building Details
Year built
1930
Floors in Building
2
Number of units
4
Building materials
Brick
Listing Agency:
Keller Williams Indy Metro Partners · Keller Williams Realty
(317) 271-5959
Listed By:
Emily Huskey · License #RB17000722
(317) 268-8287
Added: Jun 1
Changed: Sep 2
Last Checked: Sep 8 at 7:06AM
MLS# 22105508
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.
Investment Insights
Based on property information with market context.
This 1930 brick quadplex contains four two-bedroom, one-bath residences on a 0.12-acre parcel. The units receive natural light and are separately metered for electricity, with individual furnaces, central air conditioning, water heaters, refrigerators, and ovens. Basement areas provide coin-operated laundry equipment and additional storage. One residence is currently vacant for showings, while the remaining units are accessible after an accepted offer.
The property is located at Central Avenue near the Herron Morton and Old Northside neighborhoods and lies within a designated Opportunity Zone. Residents pay their own electric service; ownership covers water, sewer, and common-area electric. The property is zoned ZO01, and management may be continued through the existing property management company.
The property is located at Central Avenue near the Herron Morton and Old Northside neighborhoods and lies within a designated Opportunity Zone. Residents pay their own electric service; ownership covers water, sewer, and common-area electric. The property is zoned ZO01, and management may be continued through the existing property management company.
Key Highlights
- Four‑unit quadplex with two‑bedroom, one‑bath layouts
- 1930 brick construction on a 0.12‑acre parcel
- 95% occupancy maintained over the past several years
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
95%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,367
Businesses Nearby
Explore this area
Business Placement
Demographics for 46202, IN
22,217
Population
12,297
Households
1.8
Avg Household Size
29
Median Age
62%
College-Educated
91%
High-School Grad
5.5 sq mi
ZIP Area
4,039
Density / Sq Mi
$61,082
Median Household Income
$40,499
Median Earnings
$1,258
Median Rent
$420,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four individually metered residences include central air, private heating systems, and basement laundry and storage areas.
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: Four‑unit quadplex with two‑bedroom, one‑bath layouts; 1930 brick construction on a 0.12‑acre parcel; 95% occupancy maintained over the past several years
