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Two-Story Quadplex
For Sale
$375,000

2311 Shelby St, Indianapolis, IN 46203

Four-unit residential property with month-to-month leases and rear parking.

Property SizeContact for details
Days on Market8

Property Features for 2311 Shelby St

General Information

Standard status Active
Total Parking Spaces 4
Property subtype Multi-Family

Additional Details

Multifamily Units 4

Building Details

Year Built 1920
Buildings 1
Stories 2
Tenancy Multi
Listing Agency: My Agent
Listed By: Tammy Douthitt · License #RB21001916
Source: Megandusing
Added: Aug 25 Changed: Aug 29 Last Checked: Aug 31 at 6:53PM

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 My Agent

Investment Insights

Based on property information with market context.

Built in 1920, this two-story quadplex contains two units on each floor. The property includes four paved parking spaces behind the building, with additional street parking along the front. Current tenant agreements are month to month, and rent includes water and heat.

The property is near Fountain Square and a short drive from downtown Indianapolis. The sale includes two parcels, which are being offered together rather than separately.

Key Highlights

  • Four‑unit layout with 2 units on each floor
  • 4 paved parking spaces located at the rear
  • Additional street parking available at the front of the building

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Hair Salon Spa & Massage Center 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
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

361
Businesses Nearby

Demographics for 46203, IN

38,224
Population
18,057
Households
2.1
Avg Household Size
34
Median Age
26%
College-Educated
79%
High-School Grad
13.9 sq mi
ZIP Area
2,750
Density / Sq Mi
$55,375
Median Household Income
$40,620
Median Earnings
$1,022
Median Rent
$155,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Quadplex - Four-unit residential property with month-to-month leases and rear parking.
Where is this quadplex located?
The property is located at 2311 Shelby St Indianapolis, IN.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Four‑unit layout with 2 units on each floor; 4 paved parking spaces located at the rear; Additional street parking available at the front of the building
More about this property
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