Renovated Fourplex with Mixed
For Sale
$425,000
Pending
29 N Tacoma Avenue, Indianapolis, IN 46201
MULTI_FAMILY - Craftsman - Indianapolis, IN
Property SizeContact for details
Lot Size0.12 Acres
Days on Market49
Property Features for 29 N Tacoma Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Rooms
Basement
Subdivision
A M Ogle Et Al East Park
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
491005209130000101
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
Ogle Etal East Park L198
Legal Description
Ogle Etal East Park L198
Building Details
Year built
1920
Floors in Building
2
Number of units
4
Building materials
Vinyl Siding
Architectural style
Craftsman
Listing Agency:
Real Broker, LLC
(317) 794-2827
Listed By:
Mihir Bhimaraju · License #RB23001946
(317) 614-5445
Added: Jun 25
Changed: Aug 4
Last Checked: Aug 12 at 3:06AM
MLS# 22109656
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.
Investment Insights
Based on property information with market context.
This renovated fourplex offers a mixed-unit setup with two 2-bedroom units and two 1-bedroom units. Three of the units are currently occupied and generating approximately $3,300 per month in rental income. One additional unit is vacant; it was previously rented for approximately $1,100 per month, creating an estimated total rental potential of about $4,400 per month.
Located at 29 N Tacoma Avenue in Indianapolis, the property is described as being near Downtown Indianapolis, Fountain Square, Mass Ave, and Irvington. The current occupancy supports immediate income, while the vacant unit provides an opportunity to stabilize and potentially increase rental revenue.
The layout is designed to serve both 1-bedroom and 2-bedroom demand, with the vacant unit also offering options for an owner-occupant to offset their mortgage through rental income, based on the current rent history provided.
Located at 29 N Tacoma Avenue in Indianapolis, the property is described as being near Downtown Indianapolis, Fountain Square, Mass Ave, and Irvington. The current occupancy supports immediate income, while the vacant unit provides an opportunity to stabilize and potentially increase rental revenue.
The layout is designed to serve both 1-bedroom and 2-bedroom demand, with the vacant unit also offering options for an owner-occupant to offset their mortgage through rental income, based on the current rent history provided.
Key Highlights
- 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
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
598
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Renovated fourplex with two 1-bedroom and two 2-bedroom units, with three occupied units generating monthly rent.
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 $425,000.
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
