3946 N College Avenue Indianapolis, IN $ 450,000
3946 N College Avenue
$ 450,000
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3946 N College Avenue

Indianapolis, IN, 46205
$ 450,000
Bedrooms-- Baths0.0

Monthly Estimate*

$ 3,108

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Multi-Family Home for sale in Indianapolis, IN

for $450,000. This home was built in 1910 on a lot size of 0.14.

Investor Opportunity or Owner-Occupant Dream! Tastefully updated 3-bedroom, 2-bath duplex in a highly desirable location with strong rental demand. This well-maintained property offers a fantastic opportunity to live in one unit while generating income from the other - or add a turnkey investment to your portfolio. Each side features spacious living areas, updated finishes, and functional layouts designed for comfortable living. Improvements provide modern appeal while maintaining long-term durability. Tenant occupied, offering immediate income potential. Conveniently located near shopping, dining, schools, and major thoroughfares, this duplex combines location, flexibility, and cash-flow opportunity all in one. Whether you're looking to house hack or expand your investment portfolio, this is a property you won't want to miss.

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Multi-Family Pending

Price

$ 450,000

Property Type

Multi-Family

Taxes

$ 7,496

Style

Traditional

Lot Size

0.14

Year Built

1910

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

22123722

Features
General
Heating Forced Air
Cooling Central Air
Possession Negotiable Subject To Tenant Rights
Zoning MU2 & D5
Garage Spaces 1
Architectural Style Traditional
Security Features Smoke Detector(s)
Construction Materials Stucco
Year Built 1910
Tenant Pays Electricity Gas Insurance
Township Washington
Levels Two
Property Subtype Duplex
Tax Year 2025
Current Use Residential
County Marion
Net Operating Income 44500
New Construction N
Property Type Residential Income
Subdivision Name Ardmore
Possible Use Comm Mul Ten Residential
Status Pending
Directions GPS Friendly
City Indianapolis
High School District Indianapolis Public Schools
Number Of Units Total 2
MLS Area 4903 - Marion - Washington
Lot Size Square Feet 6055
Structure Type Duplex
Standard Status Pending
Tax Lot 101
Legal Description Ardmore L169
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Interior
Basement Interior Entry
Basement (Y/N) Y
Laundry Features Connections All Sink
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Exterior
Exterior Amenities Fire Pit
Fencing Partial
Parking Features Gravel
Lot Features Sidewalks Storm Sewer Street Lights Mature Trees
Foundation Details Block Full
Lot Size Acres 0.14
Road Surface Type Asphalt
Road Frontage Type City Street
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* Excluded Features
List By
F.C. Tucker Company

Broker

sarah.fishburn@talktotucker.com

Email

Affordability Calculator

$3,733
Per Month
83%
17%
0%
Monthly Principal & Interest
$3,108
Monthly Property Taxes
$625
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
Pricing History
DatePricePrice ChangeDescription
9/2/2026$450,000 Listed Price

Map


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3946 N College Avenue, Indianapolis, IN, 46205 is a Multi-Family Home for sale at $450,000 with a lot size of 0.14. 3946 N College Avenue has 0.0 baths and was built in 1910. The property's zip code is 46205 which is in Indianapolis, IN