2625 Central Avenue, Indianapolis, IN 46205
- Added:
- Feb 27, 2026
- Days on Market:
- 107
- Last Refresh:
- Jun 14 at 1:06 am
Property Features for 2625 Central Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Standard status
- Pending
- APN
- 490625148008000101
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- SEC:250 DIST:0001 CITY/MUNI/TWP:CENTER TOWNSHIP SUBD:HADLEYS SUB WRIGHTS PARK AVE ADDITTION HADLEYS SUB WRIGHTS PARK AVE ADD L8
Utilities
- Heating system
- Electric (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 3
- Building materials
- Brick
- Roof type
- Asphalt
Listing agent Deborah Brandon License #RB17000955 (317) 507-0837
Listing office Fathom Realty W Smith Valley Rd Ste 217 3209, Greenwood, IN (317) 590-8788
Listing date Feb 27, 2026
Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Triplex originally constructed in 1900
- Brick construction with asphalt roof
- Central air and electric heating
- Reported 3,465 sq. ft. of living area
- Triplex sold "As Is"
Overview
The property is located at 2625 Central Avenue in Indianapolis, Indiana, within Marion County. The lot size is listed at 0.18 acres.
This type of asset can be a practical fit for buyers seeking a residential income property with multiple living units under one roof. Because the transaction is “As Is,” prospective buyers should plan to evaluate the property condition and unit configuration as part of their due diligence before closing.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $56.1k | $16.20 |
| − Vacancy | −$3.9k | −$1.12 |
| EGI | $52.2k | $15.08 |
| − OpEx | −$15.7k | −$4.52 |
| NOI | $36.6k | $10.55 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Indianapolis
- County
- Hamilton
- State
- Indiana
- Longitude
- -86.149251
- Latitude
- 39.804952
