New search
Property profile & analytics
OFF-MARKET
Residential income homes
3904 Grand Ave, Indianapolis, IN 46226-4472
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US31-3308663
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1966
Construction
WOOD
Total area
3,364 SF
Lot
0.23 ac (10,019 SF)
APN
49-07-15-117-029.000-401
UPID
US31-3308663
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Alvin Alan Insurance Company Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Grand Apartments LLC · 2 yrs held
Grand Apartments LLC
since 2024
Last sale
$102,500
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Indianapolis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Indianapolis submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$2,657
Tax year 2023
Assessed value
$112,000
Assessed 2023
Previous assessed
$112,000
+0.0% YoY
Effective rate
2.37%
On assessed value
Assessed land
$6,900
Assessed improvement
$105,100
Land market value
$6,900
Improvement market value
$105,100
Total market value
$112,000
Applied tax rate
401.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1966
Construction
WOOD
Heating
NONE
Stories
1
Units
4
Total area
3,364 SF
Lot
0.23 ac (10,019 SF)
APN
49-07-15-117-029.000-401
UPID
US31-3308663
Jurisdiction
MARION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1966
Construction
WOOD
Heating
NONE
Stories
1
Units
4
Lot
0.23 ac
Current owner
From public records · entity-resolved
Grand Apartments LLC
Entity
Mailing address
411 E NORTHFIELD DR UNIT #642, BROWNSBURG, IN 46112-2830
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 16, 2024
—
Grand Apartments LLC
Grand Homes LLC
Quit Claim Deed
related
$216,000 · Loan Funder LLC
Nov 23, 2022
—
Grand Homes LLC
Luxe Properties LLC
Quit Claim Deed
related
$198,750 · Finance America Mtg LLC
May 27, 2021
$102,500
Luxe Properties LLC
Thong T Dang Mong
Warranty Deed
$157,500 · Finance Of America Mortgage
Apr 11, 2019
—
T T Dang Mong
Grand Apt LLC
Quit Claim Deed
related
—
Apr 18, 2018
—
Grand Apt LLC
Li,sujun
Quit Claim Deed
related
—
Jan 8, 2018
—
Sujun Li
Indy Investments LLC
Warranty Deed
related
—
Jan 5, 2018
—
Indy Investments LLC
Brookside Cmnty Ch Of Indianapoli
Warranty Deed
—
Apr 7, 2017
—
Brookside Cmnty Ch Of Indianapoli
Wells Fargo Bk NA
Quit Claim Deed
related
—
Mar 31, 2016
$6,033
Wells Fargo Bk NA
Sheriff Of Marion County|lopez,mariana G
Trustees Deed
related
—
Dec 14, 2015
$25,000
Walter J Boyd
Vip Properties One
Quit Claim Deed
related
—
Jul 31, 2015
$1,500
Vip Properties One
Abel A Lopez
Quit Claim Deed
related
—
Apr 25, 2012
—
Mja Trust
Lopez,mariana G
Quit Claim Deed
related
—
Apr 26, 2006
—
Mariana G Lopez
James J Leonard
Warranty Deed
$60,000 · Wells Fargo Bank NA
Apr 5, 2006
—
James L Leonard
Leonard,james L
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3904 Grand Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
