Great investment opportunity with this all brick four unit property. 2 units are currently occupied and 2 units are vacant. Vacant units need a little TLC to get them ready to rent. Vinyl windows. Washer and dryer hookups in each unit.
Multi-familyProperty Type
1959Year Built
0.53 acresLot Size
Listed by Paul Warner• CityPlace Realty
Contact: Paul@cityplaceindy.com
Bought with Charlene Gaard• No Limit Real Estate, LLC
*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
Permits
Beds
—
Baths
—
Stories
2
Lot width
—
Lot depth
—
Lot size
0.53 Acres
Year renovated
1959
Sq. Ft.
3,910
Year built
1959
Style
Multi-Family (5+ Unit)
County
Marion County
APN
490711102043000401
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
Aug 5, 2015 • Active
Self certification tag
Electrical
Aug 5, 2015 • Active
Electrical - multi-family
Electrical
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
Parking
Parking Information
Unit Parking: Paved Area
Parking Features: Concrete
Interior
Interior Sq. Ft. Information
Building Area Total: 0
Living Area: 0
Laundry Room Information
Laundry Features: Connections All
Heating & Cooling
Cooling Information: Separate Meters
Multi-Family Financial Information
Owner Pays: Ins Hazard, Insurance, Lawncare, Taxes, Sewer, Water
Operating Expense Includes: Other
Gross Income: 13080
Gross Scheduled Income: 27600
Expenses: 0
Multi-Unit Information
Multi Beds: 8
Multi Baths: 4
# of Units: 4
Unit Type 1 Information
Kitchen: 12x12
Levels: 1
Miscellaneous: Range/Oven, Refrigrater
Rent: 0
Rent Frequency: Monthly
Utilities: Fuel Gas, Heat Forced, Hot Wtr Elec
Unit Type 2 Information
Kitchen: 12x12
Levels: 1
Miscellaneous: Other
Rent: 545
Rent Frequency: Monthly
Utilities: Fuel Gas,Heat Forced,Hot Wtr Elec
Unit Type 3 Information
Kitchen: 12x12
Levels: 1
Miscellaneous: Other
Rent Frequency: Monthly
Rent: 545
Utilities: Fuel Gas,Heat Forced,Hot Wtr Elec
Unit Type 4 Information
Kitchen: 12x12
Levels: 1
Miscellaneous: No Equip
Rent: 0
Rent Frequency: Monthly
Utilities: Fuel Gas,Heat Forced,Hot Wtr Elec
Exterior
Property Features
Conversion: No
Property Information
Property Type: Residential Income
Property Sub Type: Residential Units - 1 to 4
Land Information
Gross Area Sq Ft: 3630
Acres: 1/2-1 Acre
Lot Information
Lot Size Acres: 0.531
Road Frontage Type: City Street
Lot Features: Not Applicable
Utilities
Utility Information
Utilities: Electricity Connected, Gas, Sewer Connected, Water Connected
Solid Waste Information: Yes
Building Utilities: Separate Gas Meter,Sewer,Water
Location
School Information
High School District: Indianapolis Public Schools
Location Information
Directions: From 56th St head south on Arlington Ave and turn left on Dickson Rd to property on your right