Great Investment Opportunity in Irvington - Updated Fourplex with Prime Location! This well-maintained Fourplex is an excellent addition to any investment portfolio. Featuring a mix of 2-bedroom and 1-bedroom units. Unit A has a long term resident with a lease through 9/2025, Unit B has a newly signed lease that is through 4/2026 and Unit D has long term resident with a lease through 11/2025, while Unit C is currently vacant, providing a great opportunity for immediate occupancy or rental income. Conveniently located just a short distance from the heart of Irvington, residents will enjoy easy access to public transportation, retail shops, dining options, and are within close proximity to Downtown Indianapolis. Whether you're interested in long-term rentals, short-term leasing or house hacking, this property offers versatility and the potential for steady returns. Don't miss out on this promising investment!
Multi-familyProperty Type
1915Year Built
0.31 acresLot Size
$129Price/Sq.Ft.
4 spacesParking
Listed by Rosie Berzenye• T&H Realty Services, Inc.
Here it is, 4 units, 3 of the 4 units are newly renovated. There are two 2 Bed/1 bath units that are updated, an updated 1 bed 1 bath unit and one non-updated. The property is located a short distance from the heart of Irvington, offering access to bus lines, retail, restaurants, and proximity to Downtown Indy. This is a great opportunity for all!
MIBOR as Distributed by MLS Grid #21128746
Nov 2, 2011
Listing Removed
—
Jun 1, 2011
Listed
$149,900
$44/sq ft
MIBOR as Distributed by MLS Grid #21032164
Aug 18, 2010
Listing Removed
—
Jun 16, 2010
Listed
$34,899
$10/sq ft
Year
Property tax
Land + Additions
Assessment*
2013
$627
$21,600
Tax history for 46 N Ritter Ave
Year
Property tax
Land + Additions
Assessment*
2013
$627
$21,600
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
6
Baths
4
Stories
2
Lot width
80 ft.
Lot depth
168 ft.
Lot size
13,440
Year renovated
2026
Sq. Ft.
3,440
Year built
1915
Style
Multi-Family (2-4 Unit)
County
Marion County
APN
491003104021000701
Parking Spaces
4
Basement
Yes
Accessible
No
HOA Dues
$0 /month
Garage
No
Features
—
Last updated by owner on Jul 16, 2026.
D5
IRVINGTON HISTORIC PRESERVATION DISTRICT
COMPACT
TOD
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
Irvington Historic Preservation District
Compact Context Area
Transit Oriented Development Secondary Zoning District
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
Property details
Parking
Parking Information
Unit Parking: On Street,Paved Area
Interior
Laundry Room Information
Laundry Features: Other
Basement Information
Has Basement
Multi-Family Financial Information
Gross Income: 0
Expenses: 0
Multi-Unit Information
Multi Beds: 6
Multi Baths: 4
# of Units: 4
Multi Rooms: 20
Unit Type 1 Information
Kitchen: 00x00
Levels: 1
Miscellaneous: Range/Oven, Refrigerator
Rent: 950
Rent Frequency: Monthly
Utilities: Cl Wall Unit, Fuel Elec, Fuel Gas, Heat Forced, Hot Wtr Elec