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4816 N College Avenue Indianapolis, IN $ 389,000
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4816 N College Avenue
$ 389,000
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4816 N College Avenue

Indianapolis, IN, 46205
$ 389,000
Bedrooms-- Baths0.0

Monthly Estimate*

$ 2,687

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Multi-Family Home for sale in Indianapolis, IN

for $389,000. This home was built in 1925 on a lot size of 0.12.

Broad Ripple Duplex - Investment Opportunity Don't miss this opportunity to own a well-maintained duplex in the highly desirable and high-demand Broad Ripple area! Each unit features 3 bedrooms and 1.5 bathrooms, offering spacious living and excellent rental potential. Full of character and charm, this property features beautiful hardwood floors and original built- ins. The property has been well maintained, including two new furnaces installed in 2025. Whether you are investor looking to add to your portfolio or an owner-occupant interesting in living in one unit while generating rental income form the other this property offers an excellent opportunity in a sought-after location.

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Multi-Family Active

Price

$ 389,000

Property Type

Multi-Family

Taxes

$ 6,850

Style

Lot Size

0.12

Year Built

1925

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

22135211
Features
General
Possession Subject To Tenant Rights
Garage Spaces 1
Year Built 1925
Township Washington
Property Subtype Duplex
Tax Year 2025
Current Use Residential
County Marion
New Construction N
Property Type Residential Income
Subdivision Name College Avenue
Status Active
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 5228
Standard Status Active
Tax Lot 8021523
Legal Description 45Ft W Line Beg 887.65Ft N And 1043.75Ft E Sw Corse1-4 S12 T16 R3
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Exterior
Parking Features Detached
Lot Size Acres 0.12
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Interior
Basement (Y/N) Y
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* Excluded Features
List By
Lickliter Realty Services Llc

Broker

adamturnerrealestate@gmail.com

Email

Affordability Calculator

$3,258
Per Month
82%
18%
0%
Monthly Principal & Interest
$2,687
Monthly Property Taxes
$571
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
11/11/2026$389,000 Listed Price

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4816 N College Avenue, Indianapolis, IN, 46205 is a Multi-Family Home for sale at $389,000 with a lot size of 0.12. 4816 N College Avenue has 0.0 baths and was built in 1925. The property's zip code is 46205 which is in Indianapolis, IN

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