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3539 N College Avenue Indianapolis, IN $ 525,000
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$ 525,000 Get more info
3539 N College Avenue
$ 525,000
Back to search
Share Save

3539 N College Avenue

Indianapolis, IN, 46205
$ 525,000
Bedrooms-- Baths0.0

Monthly Estimate*

$ 3,626

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Multi-Family Home for sale in Indianapolis, IN

for $525,000. This home was built in 1910 on a lot size of 0.15.

INVESTMENT opportunity! Purchase this 4-plex individually or with the neighboring 4-plex for added scale - 8 doors! 2025 cap rate near 6%. Each unit offers 3 bedrooms, 1 full bath, and an in-unit washer/dryer, with a mix of main-floor and upper-level layouts. This, plus the neighboring 4-plex property, has seen nearly $180K in improvements, including a roof replacement (2020), LVP flooring throughout, and extensive interior updates to kitchens, baths, paint, and drywall. Add this income-producing asset to your portfolio today.

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Multi-Family Active

Price

$ 525,000

Property Type

Multi-Family

Taxes

$ 3,358

Style

Split Level

Lot Size

0.15

Year Built

1910

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

22089150
Features
General
Heating Forced Air
Cooling Window Unit(s)
Possession Closing Negotiable
Architectural Style Split Level
Construction Materials Vinyl Siding
Year Built 1910
Tenant Pays All Utilities Insurance
View Downtown
Township Center
Levels Three Or More
Property Subtype Quadruplex
Tax Year 2024
Current Use Apt<20
County Marion
Net Operating Income 26594
Operating Expense 7276
New Construction N
Property Type Residential Income
Subdivision Name Hasselman Place
Possible Use Apt<20
Status Active
Directions GPS Friendly
City Indianapolis
High School District Indianapolis Public Schools
Number Of Units Total 4
MLS Area 4910 - Marion - Center
Lot Size Square Feet 6400
Property Attached Y/N N
Property Condition Updated/Remodeled
Structure Type Quadruplex
Standard Status Active
Tax Lot L5
Virtual Tour https://indy-imagery.aryeo.com/videos/019d0ac7-a99a-71b2-b380-801ebc3607bb?v=151
Legal Description Hasselman Place Add 1st Sec 20Ft S Side L4& 20Ft N Side L5
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Interior
Basement Unfinished
Basement (Y/N) Y
Laundry Features Connections All Laundry Room Other
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Exterior
Parking Features Assigned
Lot Features Busline
Lot Size Acres 0.15
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* Excluded Features
List By
@Properties

Broker

kris@atpropertiesind.com

Email

Affordability Calculator

$3,906
Per Month
93%
7%
0%
Monthly Principal & Interest
$3,626
Monthly Property Taxes
$280
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4044905 Elementary School
4044909 Middle School
Unknown High School High School
See complete school information
Pricing History
Date Price Price Change Description
5/28/2026 $525,000 -4.55% Price Down
3/23/2026 $550,000 Listed Price

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3539 N College Avenue, Indianapolis, IN, 46205 is a Multi-Family Home for sale at $525,000 with a lot size of 0.15. 3539 N College Avenue has 0.0 baths and was built in 1910. The property's zip code is 46205 which is in Indianapolis, IN

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