29 N Tacoma Avenue, Indianapolis, IN 46201

Building Details

Year built

1920

Floors in Building

2

Number of units

4

Building materials

Vinyl Siding

Architectural style

Craftsman

Listing agent Mihir Bhimaraju License #RB23001946 Show Phone

Listing office Real Broker, LLC d***@gmail.com Lantern Rd Ste 275 10150, INDIANAPOLIS, IN Show Phone

Listing date Jun 25, 2026

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MLS# 22109656 Listing URL

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.

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Overview

This renovated fourplex offers a mix of two 2-bedroom units and two 1-bedroom units. Three units are currently occupied, and one additional unit is vacant, previously rented for $1,100 per month. Based on the current occupancy, the property is generating approximately $3,300 per month in rental income, with total rental potential cited at approximately $4,400 per month.

Located at 29 N Tacoma Avenue in Indianapolis, the property is described as being just minutes from downtown Indianapolis and near Fountain Square, Mass Ave, and Irvington. That convenient access profile can be useful for tenants who want an easy commute to central employment and entertainment areas.

For buyers, this configuration may appeal to investors seeking a small multifamily portfolio with immediate income from the occupied units, as well as owner-occupants looking for the opportunity to offset living costs through rental revenue from within the same property. The presence of one vacant unit also provides an opportunity to bring that unit back into the rental mix in line with the prior rent history included in the listing remarks.

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Indianapolis

County

Hamilton

State

Indiana

Longitude

-86.119642

Latitude

39.769227

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FAQs

What type of property is this?

Quadplex - Renovated four-unit property with three occupied homes and one vacant unit, supporting flexible rental income potential.

Where is this quadplex located?

The property is located at 29 N Tacoma Avenue Indianapolis, IN.

What is the asking price?

The asking price for this property is $430,000.

What are key features of this property?

This property features: Renovated 4‑plex with 4 units: two 2‑bedroom units and two 1‑bedroom units; Currently 3 units occupied generating approximately $3,300/month in rental income; 1 vacant unit previously rented for approximately $1,100/month, for total rental potential of about $4,400/month