Brick apartment building with 5 units close to Arlington High School. Building has 5580sf plus 5 car garage and off street parking. Good rental history and cash flow. Potential for additional unit. Onsite manager provides property management. .47 Acres.
1961Year Built
0.51 acresLot Size
Listed by Sharon Stamper Thompson• Keller Williams Indpls Metro N
*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
—
Baths
—
Stories
2
Lot width
—
Lot depth
—
Lot size
0.52 Acres
Year renovated
1961
Sq. Ft.
5,580
Year built
1961
Style
Other
County
Marion County
APN
490710106004000400
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 29, 2026.
D7
METRO
Dwelling District Seven
The D-7 District is intended for medium density residential development, accommodating multifamily dwellings, triplex, fourplex, two-family and single-family attached dwellings. The District may be applied anywhere within the metropolitan area, provided, however, it should be closely associated with the primary intensity generators, such as commercial shopping centers or industrial employment centers. The District requires superior street access and all public utilities and facilities. Provisions for various modes of travel and pedestrian linkages are critical. Well-planned, on-site recreational facilities, selected to fit the site and residents' needs, must be developed to answer the demands of the higher density of residents. The D-7 District has a typical density of 12 to 15 units per gross acre fulfilling the medium density residential recommendation of the Comprehensive General Land Use Plan. Development plans should incorporate and promote environmental and aesthetic considerations, working within the constraints and advantages presented by existing site conditions, including vegetation, topography, drainage and wildlife.
Zone overlays
Metro Context Area
Permitted uses
Include but are not limited to:
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Communications tower
Park & open space
Property details
Parking
Parking Information
Unit Parking: Paved Area
Interior
Interior Sq. Ft. Information
Building Area Total: 0
Living Area: 0
Upper Level Sq. Ft.: 0
Laundry Room Information
Laundry Features: Common Laundry
Exterior
Property Features
Conversion: No
Property Information
Property Type: Commercial Sale
Property Sub Type: Multi-Family 5+
Land Information
Acres: 1/4-1/2 Acre
Lot Information
Lot Size Acres: 0.51
Lot Features: Access, Busline
Utilities
Utility Information
Utilities: Cable Available, Cable Connected, Sewer Connected, Water Connected
Solid Waste Information: Yes
Location
Multi-Family Financial Information
Owner Pays: Ins Hazard, Taxes, Sewer, Trash Collection
Net Operating Income: 18780
Gross Income: 31620
Expenses: 12840
Multi-Unit Information
# of Units: 5
Unit Type 1 Information
Kitchen: 13X12
Levels: 2
Miscellaneous: Range/Oven, Refrigrater
Rent: 0
Rent Frequency: Monthly
Utilities: Fuel Gas, Heat Steam, Hot Wtr Gas
Unit Type 2 Information
Kitchen: 13X12
Levels: 1
Miscellaneous: Range/Oven,Refrigrater
Rent: 0
Rent Frequency: Monthly
Utilities: Fuel Gas,Heat Steam,Hot Wtr Gas
Unit Type 3 Information
Levels: 2
Rent Frequency: Monthly
Rent: 525
Unit Type 4 Information
Levels: 1
Rent: 500
Rent Frequency: Monthly
Unit Type 5 Information
Levels: 1
Rent: 0
Rent Frequency: Monthly
School Information
High School District: Indianapolis Public Schools
Location Information
Directions: North on Arlington from 46th St to Devington Rd, Turn West to apts.
Tax Legal Description: DEVINGTON ACRES
Public facts
Beds: —
Baths: —
Sq. Ft.: 5,580
Stories: 2.0
Lot Size: 0.52 acres
Style: Other
Year Built: 1961
Year Renovated: 1961
County: Marion County
APN: 490710106004000400
Home facts updated by county records on Jul 29, 2026
Other
Listing Information
Attribution Contact: sharonthompson@kw.com
Home Information
Construction Materials: Brick
Structure Type: Apartment Building
Levels: Two
Security Features: Smoke Alarm
Around this home
Schools
Skiles Test Elementary School
Public PreK-6 • Assigned • 2.8mi
6/10
Belzer Middle School
Public 7-8 • Assigned • 1.7mi
3/10
Lawrence Central High School
Public 9-12 • Assigned • 1.7mi
4/10
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 101° expected this year, 18 days in 30 years
2/10 Wind Factor
0% chance of strong winds in next 30 years
4/10 Air Factor
5 unhealthy days expected this year, 7 days in 30 years
Provided by First Street
Historical weather
Indianapolis, IN • 46226
Average low and high temperatures (°F)
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Sun exposure
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