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American Foursquare Duplex
For Sale
$380,000
Pending

4047 N College, Indianapolis, IN 46205

Both residences are occupied and include three bedrooms, one bathroom, and basement access.

Property Size8,494 SF
Days on Market33

Property Features for 4047 N College

General Information

Standard status Pending
Size 8,494 SF
Property subtype Multi-Family

Building Details

Year Built 1921
Listing Agency: New Quantum Realty Group
Listed By: The James Embry Team · License #327646
Source: Jamesembry
Added: Aug 17 Changed: Sep 17 Last Checked: Sep 18 at 7:24AM

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 New Quantum Realty Group

Investment Insights

Based on property information with market context.

Built in 1921, this duplex presents American Foursquare architecture with residents in both units. Each residence includes three bedrooms and one bathroom, creating a consistent layout throughout the property. A basement provides additional utility and storage space, while the front porch adds a defined outdoor feature.

The property is located at 4047 N College Ave in Indianapolis, near the fairgrounds and The Children's Museum. With two occupied units, period architectural character, basement space, and a porch, the building offers a clearly defined residential income configuration.

Key Highlights

  • 1921 duplex with tenants in both units
  • Each unit includes 3 bedrooms and 1 bathroom
  • American Foursquare architectural style

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Building Supply HVAC Service Pharmacy Electrical Service (Bike/Boat/Book/etc) Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

458
Businesses Nearby

Demographics for 46205, IN

27,531
Population
14,756
Households
1.9
Avg Household Size
34
Median Age
51%
College-Educated
93%
High-School Grad
6.2 sq mi
ZIP Area
4,440
Density / Sq Mi
$65,756
Median Household Income
$48,138
Median Earnings
$1,087
Median Rent
$278,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Duplex - Both residences are occupied and include three bedrooms, one bathroom, and basement access.
Where is this duplex located?
The property is located at 4047 N College Indianapolis, IN.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: 1921 duplex with tenants in both units; Each unit includes 3 bedrooms and 1 bathroom; American Foursquare architectural style
More about this property
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