GREAT INVESTMENT OPPORTUNITY!!..Bring your Cash/Conv Buyers for a quick close. This 4-Plex sits on .24 acres (lot size 10411) which would allow for expansion to 9 units. The 4-Plex has 2 1-bdrm Units in front- housing 2 long term tenants- and 2 2-bdrm Vacant, move-in ready Units in rear- one was used as an AIRBNB and is ready for additional money making opportunities, or an owner can live in one unit and rent out the other 3 units. Rents are currently below market. The units have separate Gas Meters and share electrical and water. The sale Includes 2851 S Roena- An Empty Lot in front that has already been permitted for a 3-bdrm house. There is also on-site Laundry with a coin-operated washer and dryer. Currently, taxes are $2518 per half. For Viewing- there will be a combination lock box on each vacant unit to access by this weekend 8/4/2024. We must give 48 hours notice to view 2 occupied tenant units, PLEASE DO NOT DISTURB THE TENANTS. Hurry in, this one will not last long! (Note: Video tours and additional photos are being processed and labeled for publishing on here soon).
Multi-familyProperty Type
1939Year Built
10,411 sq ftLot Size
$70Est. Price/Sq.Ft.
Listed by Desi Jones• Pinnacle Group International
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Permits
Beds
—
Baths
—
Stories
—
Lot width
80 ft.
Lot depth
130 ft.
Lot size
—
Year renovated
—
Sq. Ft.
—
Year built
—
Style
Multi-Family (2-4 Unit)
County
Marion County
APN
491120108006000900
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 16, 2024.
D5
AIRSPACE SECONDARY ZONING DISTRICT
COMPACT
Dwelling District Five
The D-5 district is intended for medium and large- lot housing formats, primarily for detached houses, but may incorporate small- scale multi- unit building types in strategic locations. This district can be used for new, walkable suburban neighborhoods or for infill situation in established urban areas, including both low density and medium density residential recommendations of the Comprehensive Plan, and the Suburban Neighborhood and Traditional Neighborhood Typologies of the Land Use Pattern Book.
Zone overlays
Airspace Secondary Zoning District
Compact Context Area
Permitted uses
Include but are not limited to:
Housing-Group
Housing-Single unit
Housing-Multiple units
Communications tower
Housing-Mobile home park
Park & open space
Feb 3, 2023 • Active
Improvement location permit-1-2 family
Replace the low slope roofing with roll roofing and replace the gutters.
Roofing
Mar 26, 2007 • Active
Right of way permit-excavation
Install a storm sewer for a city project. Excavation work will occur on Berwyn Street between Lyons Avenue and Taft Street.
Grading
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Interior
Heating & Cooling
Cooling Information: Window Unit(s)
Multi-Family Financial Information
Owner Pays: Electricity, Water
Gross Income: 4400
Expenses: 500
Multi-Unit Information
# of Units: 4
Unit Type 1 Information
Kitchen: 80
Levels: 1
Rent: 720
Rent Frequency: Monthly
Unit Type 2 Information
Kitchen: 80
Levels: 1
Rent: 850
Rent Frequency: Monthly
Unit Type 3 Information
Kitchen: 80
Levels: 1
Rent Frequency: Monthly
Rent: 1100
Unit Type 4 Information
Kitchen: 80
Levels: 1
Rent: 1695
Rent Frequency: Monthly
Exterior
Exterior Features
Fence YN: No
Property Features
Conversion: Yes
Property Information
Property Type: Residential Income
Property Sub Type: Fourplex
Land Information
Current Use: Residential
Acres: <1/4 Acre
Lot Information
Lot Size Acres: 0.24
Road Access: Not Applic
Utilities
Utility Information
Solid Waste Information: Yes
Location
School Information
High School District: MSD Wayne Township
Location Information
Directions: GPS Friendly
Tax Legal Description: Mars Hill L147 & L148
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (2-4 Unit)
Year Built: —
Year Renovated: —
County: Marion County
APN: 491120108006000900
Home facts updated by county records on Oct 16, 2024
Other
Listing Information
Attribution Contact: d_g_i@msn.com
Green Information
Green Certification YN: No
Home Information
Levels: Two
Around this home
Schools
Stout Field Elementary School
Public PreK-6 • Assigned • 0.8mi
5/10
Lynhurst 7th & 8th Grade Center
Public 7-8 • Assigned • 0.6mi
3/10
Ben Davis Ninth Grade Center
Public 9 • Assigned • 5.2mi
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 102° expected this year, 19 days in 30 years
2/10 Wind Factor
0% chance of strong winds in next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Indianapolis, IN • 46241
Average low and high temperatures (°F)
32
18
42
27
60
40
68
48
71
54
82
66
87
72
82
66
81
61
70
50
54
40
41
28
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.6 hours in
June and 3.3 hours in December, placing it below the
U.S. average for solar exposure.
9.6 hrs
3.3 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$317,000 – $383,000
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Property information provided by MIBOR as Distributed by MLS Grid when last listed in 2024. This data may not match public records. Learn more.
Listing provided courtesy of: Triple E Realty, LLC
Listing agent: Evona Watson (3172103637)
Based on information submitted to the MLS GRID as of Sun Sep 06 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.