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Updated 4-Unit Quadplex
For Sale
$899,000

1721 Cross Dr, Indianapolis, IN 46201

Four contiguous units include unfinished basements and may be sold individually.

Property SizeContact for details
Days on Market38

Property Features for 1721 Cross Dr

General Information

Standard status Active
Property subtype Residential Income

Units

Unit Mix 4 x 2BR/1BA
Multifamily Units 4
Listing Agency: United Real Estate Indpls
Listed By: Benjamin Claghorn · License #RB14045889
Source: Exprealty
Added: Jul 22 Changed: Aug 20 Last Checked: Aug 26 at 12:11PM

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 four-unit property presents a row of residential units, each offering 900 square feet on the main level with two bedrooms and one full bath. Every unit also includes an additional 900-square-foot unfinished basement that may be used as living space. The units have received updates over the years and share outdoor space.

Located in Woodruff Place, the property is a short distance from the Bottleworks District and Mass Ave. There is currently no HOA or party wall agreement, and the units may be separated and sold individually. The configuration offers four separate residences within one property, with substantial basement area associated with each unit.

Key Highlights

  • Four‑unit quadplex with 2 bedrooms and 1 full bath per unit
  • Each unit includes 900 sq ft on the main level
  • Each property unit has an additional 900 sq ft unfinished basement

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Carpet & Flooring Store Accounting Firm Pharmacy Locksmith Catering Service

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

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
Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Four contiguous units include unfinished basements and may be sold individually.
Where is this quadplex located?
The property is located at 1721 Cross Dr Indianapolis, IN.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Four‑unit quadplex with 2 bedrooms and 1 full bath per unit; Each unit includes 900 sq ft on the main level; Each property unit has an additional 900 sq ft unfinished basement
More about this property
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