Welcome to a prime investment opportunity in one of Indianapolis' most desirable locations! 6016 Dixon Road offers four mirrored two-bedroom, one-bath units, each thoughtfully designed with an open-concept layout and a modern kitchen island as the centerpiece. Every unit is fully turnkey and rent-ready, with consistent rental income of $1,100 per month. To make showings seamless, the owner has intentionally left one unit vacant for prospective buyers to tour. The upper-level units feature private balconies, while all units enjoy the convenience of a covered carport. Each apartment is equipped with central air conditioning and efficient forced-air heating for year-round comfort. This property checks all the boxes: strong cash flow, well-maintained interiors, and an unbeatable location that continues to appreciate in value. Whether you're looking to expand your portfolio or secure a high-demand rental property in a thriving area, this one is ready to perform from day one.
Multi-familyProperty Type
1960Year Built
0.53 acresLot Size
$42Est. Price/Sq.Ft.
4 spacesParking
Listed by Jacob Deacon• eXp Realty, LLC
Bought with Ashley Patterson• Compass Indiana, LLC
Come and take a look at this newly renovated Four-Plex multifamily housing unit. There has been over $100K spent on remodeling the kitchen(s), new flooring throughout the units, new balconies, freshly painted units/common area and other updates that have turned this building into beautiful, modern living spaces. With a roof less than five years old, this building has four units at a total of 3,630 square feet. Each unit has an open concept with two bedrooms, one bath, and washer/dryer hookups. Other features include all new appliances, central air, tenant controlled door entrance with door bells, secured lockbox system for U.S. Postal entry, carport with four spaces, and outdoor security lighting. This property has incredible earning potential, as each unit is currently rented. Stop by and take a look for yourself as it will not be on the market for long!!
MIBOR as Distributed by MLS Grid #21757342
Feb 18, 2021
Sold
$210,000
$19/sq ft
Dec 31, 2020
Pending
—
Dec 26, 2020
Listed
$210,000
$19/sq ft
+6
This very well maintained building is nestled between other four-plex multi-family housing units on Dickson Rd. With the roof being only two years old, this property features four, two bedroom apartments, at 750 square feet each. Every apartment is tenant occupied with glass block windows in the bathroom for privacy, tenant controlled door entrance with door bells, secured lockbox system for U.S. Postal entry, central air, carport with four spaces, outdoor security lighting, and so much more. This income producing property is a must see with washer and dryer hookups in each unit.
Year
Property tax
Land + Additions
Assessment*
2025
$9,941 (−23.3%)
$31,800 + $380,600
$412,400
2024
$12,953 (+57.5%)
$31,800 + $503,800
$535,600
2023
$8,224 (+27.1%)
$31,800 + $503,800
$535,600
2022
$6,471 (+122.2%)
$31,800 + $304,800
$336,600
2021
$2,912 (+12.0%)
$14,500 + $107,200
$121,700
2020
$2,599 (+2.0%)
$14,500 + $107,200
$121,700
2019
$2,548 (−0.7%)
$14,500 + $93,400
$107,900
2018
$2,566 (+2.6%)
$14,500 + $89,300
$103,800
2017
$2,502 (+7.4%)
$14,500 + $99,100
$113,600
2016
$2,330 (−2.0%)
$14,500 + $99,100
$113,600
2015
$2,378 (+2.5%)
$14,500 + $93,500
$108,000
2014
$2,319 (+4.1%)
$14,500 + $93,500
$108,000
2013
$2,228
$14,500 + $92,800
$107,300
Tax history for 6016 Dickson Rd
Year
Property tax
Land + Additions
Assessment*
2025
$9,941 (−23.3%)
$31,800 + $380,600
$412,400
2024
$12,953 (+57.5%)
$31,800 + $503,800
$535,600
2023
$8,224 (+27.1%)
$31,800 + $503,800
$535,600
2022
$6,471 (+122.2%)
$31,800 + $304,800
$336,600
2021
$2,912 (+12.0%)
$14,500 + $107,200
$121,700
2020
$2,599 (+2.0%)
$14,500 + $107,200
$121,700
2019
$2,548 (−0.7%)
$14,500 + $93,400
$107,900
2018
$2,566 (+2.6%)
$14,500 + $89,300
$103,800
2017
$2,502 (+7.4%)
$14,500 + $99,100
$113,600
2016
$2,330 (−2.0%)
$14,500 + $99,100
$113,600
2015
$2,378 (+2.5%)
$14,500 + $93,500
$108,000
2014
$2,319 (+4.1%)
$14,500 + $93,500
$108,000
2013
$2,228
$14,500 + $92,800
$107,300
*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
1988
Sq. Ft.
4,540
Year built
1960
Style
Multi-Family (5+ Unit)
County
Marion County
APN
490711102031000401
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
Apr 8, 2019 • Final
Sewer connection
Repair the sewer lateral line for a residential property.
Plumbing
Feb 5, 2019 • Final
Structural - multi-family
Roofing
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.