Renovated 4-Unit
For Sale
$250,000
Pending
2930 N Dearborn Street, Indianapolis, IN 46218
Three apartments are leased through 2027, while the fourth is vacant and professionally managed.
Property SizeContact for details
Days on Market67
Property Features for 2930 N Dearborn Street
General Information
Standard status
Pending
Property subtype
Quadruplex
Site & Location
Neighborhood
Martindale - Brightwood
Units
Unit Mix
4 x efficiency, 1 bath
Multifamily Units
4
Additional Details
Tenant in Place
Yes
Building Details
Year Built
1910
Buildings
1
Listing Agency:
Keller Williams Indpls Metro N
(317) 846-6300
Listed By:
Peter Stewart · License #RB15000083
(317) 450-9202
Source:
Locksteprealty
Added: Aug 25
Changed: Oct 28
Last Checked: Oct 28 at 3:27PM
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 Keller Williams Indpls Metro N
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Investment Insights
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This four-unit property contains efficiency-style apartments, each with one bathroom. Improvements include composition cement siding, replacement subflooring in every unit, insulated plumbing, sewer cleanout work, Section 8-compliant updates, and LVP flooring. Professional management is in place. Three units are leased through 2027, and one is vacant.
The property is directly across from 128-acre Washington Park in Indianapolis. The park includes a splash pad, playgrounds, sports courts, and trails. Downtown Indianapolis is approximately 15 minutes away, with the 30th Street and Monon Trail corridors also nearby.
The property is directly across from 128-acre Washington Park in Indianapolis. The park includes a splash pad, playgrounds, sports courts, and trails. Downtown Indianapolis is approximately 15 minutes away, with the 30th Street and Monon Trail corridors also nearby.
Key Highlights
- Four efficiency units, each approximately 500 sq ft with one bathroom
- Three units leased through 2027; one unit is vacant
- Improvements include new subflooring in all units, insulated plumbing, and upgraded composition cement siding
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
379
Businesses Nearby
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Business Placement
Demographics for 46218, IN
30,400
Population
15,343
Households
2
Avg Household Size
36
Median Age
11%
College-Educated
80%
High-School Grad
9.5 sq mi
ZIP Area
3,200
Density / Sq Mi
$34,635
Median Household Income
$29,745
Median Earnings
$1,056
Median Rent
$90,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Quadplex - Three apartments are leased through 2027, while the fourth is vacant and professionally managed.
Where is this quadplex located?
The property is located at 2930 N Dearborn Street Indianapolis, IN.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Four efficiency units, each approximately 500 sq ft with one bathroom; Three units leased through 2027; one unit is vacant; Improvements include new subflooring in all units, insulated plumbing, and upgraded composition cement siding
