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3544 Carrollton Avenue Indianapolis, IN $ 1,300,000
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$ 1,300,000 Get more info
3544 Carrollton Avenue
$ 1,300,000
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Share Save

3544 Carrollton Avenue

Indianapolis, IN, 46205
$ 1,300,000
Bedrooms-- Baths-- Sq 10,000

Monthly Estimate*

$ 8,979

3544 Carrollton Avenue, Indianapolis, IN 46205 - Image 1
3544 Carrollton Avenue, Indianapolis, IN 46205 - Image 2
3544 Carrollton Avenue, Indianapolis, IN 46205 - Image 3
3544 Carrollton Avenue, Indianapolis, IN 46205 - Image 4
3544 Carrollton Avenue, Indianapolis, IN 46205 - Image 5
3544 Carrollton Avenue, Indianapolis, IN 46205 - Image 6
3544 Carrollton Avenue, Indianapolis, IN 46205 - Image 7
3544 Carrollton Avenue, Indianapolis, IN 46205 - Image 8

Commercial Property for sale in Indianapolis, IN

for $1,300,000. This 10,000 square foot building was built in 1917 on a lot size of 0.22.

Capitalize on the incredible momentum and rapid redevelopment in the historic Hasselman Place neighborhood. Located just blocks from major transit corridors and cultural hotspots, this exceptional 10-unit apartment building delivers a highly desirable asset mix built for modern urban living: six expansive 3-bedroom units and four comfortable 2-bedroom units. This value-add property offers immense revenue upside, with a projected gross monthly income of $22,000 upon stabilization. Stabilized pro-forma metrics indicate 3-bedroom units can easily command $2,600/month, while the 2-bedroom units secure $1,900/month. Currently zoned D-5, this property presents a premier play for forward-thinking investors ready to secure a zoning variance and unlock the full operational cash-flow potential of this historic location.

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Commercial Pending

Price

$ 1,300,000

Property Type

Commercial

Taxes

$ 5,156

Style

Multi Family

Lot Size

0.22

Year Built

1917

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

22103297
Features
General
Utilities Water Connected
Possession Closing
Zoning d5
Architectural Style Other
Construction Materials Vinyl Siding
Year Built 1917
Township Center
Levels Three Or More
Property Subtype Multi Family
Tax Year 2024
Current Use Residential
Building Name HASSELMAN PLACE
County Marion
Net Operating Income 200000
Operating Expense 80000
New Construction N
Property Type Commercial Sale
Status Pending
Directions GPS Friendly
City Indianapolis
High School District Indianapolis Public Schools
Number Of Units Total 10
MLS Area 4910 - Marion - Center
Lot Size Square Feet 9600
Additional Parcels Y/N N
Structure Type Apartment Building
Standard Status Pending
Tax Lot 35
Cap Rate 14
Legal Description Hasselman Place Sec 1 L35
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Exterior
Parking Features Gravel
Lot Features Busline
Building Area Total 10000
Lot Size Acres 0.22
Road Surface Type Concrete
Waterfront Y/N N
Road Frontage Type City Street
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Interior
Laundry Features Common Laundry
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* Excluded Features
List By
F.C. Tucker Company

Broker

chas@talktotucker.com

Email

Affordability Calculator

$9,408
Per Month
95%
5%
0%
Monthly Principal & Interest
$8,979
Monthly Property Taxes
$430
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
DatePricePrice ChangeDescription
5/21/2026$1,300,000 Listed Price

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3544 Carrollton Avenue, Indianapolis, IN, 46205 is a Commercial Property for sale at $1,300,000 with 10,000 sqft and a lot size of 0.22. 3544 Carrollton Avenue was built in 1917. The property's zip code is 46205 which is in Indianapolis, IN

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