Stunning & Sturdy Quadruplex - Income From Day One!! This spacious, well-maintained 4-plex is the perfect addition to any investment portfolio. Featuring four identical 2-bedroom, 1-bathroom units, the property offers functional layouts designed for comfort, space, and long-term tenant appeal. Currently occupied, this income-producing asset generates cash flow from day one. The property has been thoughtfully updated with fresh paint, modern fixtures, and updated utilities, creating a low-maintenance opportunity for both new and seasoned investors. Each unit offers bright living spaces and practical floor plans that make management seamless and operating expenses minimal. A convenient on-site carport adds additional value and resident appeal. Ideally located just minutes from I-465 with quick access to major routes, shopping, dining, and event centers. With strong rental demand and immediate ROI potential, this is an opportunity you don't want to miss. Don't be last or late! .....Schedule your showing today!!
Welcome to this fantastic investment opportunity! With steady rental income and a prime location, this 4-unit multifamily is a wise choice for both seasoned investors or those just starting their journey. It has been very well maintained, freshly painted and all units are spacious 2 bedrooms/1 bathroom in excellent condition. Recent updates include vinyl flooring, updated kitchens and bathrooms and maintained mechanicals. Newer roof. Covered parking in the back for 4 spaces, ample street parking, and close to bus lines, local attractions and conveniences. With 3 of the 4 units rented, this is a perfect property to "house hack"; live in one unit and rent the others. Opportunity to increase monthly cash flow with current rents under comparable rates. Whether you're looking for passive income or long-term appreciation, this 4-unit property offers both. Don't miss your chance to add this income-generating property to your portfolio!
MIBOR as Distributed by MLS Grid #21761409
Mar 1, 2021
Sold
$230,000
$16/sq ft
Jan 24, 2021
Pending
—
Jan 20, 2021
Listed
$229,900
$16/sq ft
MIBOR as Distributed by MLS Grid #21690142
Jun 22, 2020
Sold
$177,500
$12/sq ft
May 9, 2020
Pending
—
May 7, 2020
Price Changed
$192,500
$13/sq ft
May 3, 2020
Price Changed
$195,000
$14/sq ft
May 3, 2020
Relisted
—
May 1, 2020
Listing Removed
—
Apr 23, 2020
Relisted
—
Mar 25, 2020
Pending
—
Mar 22, 2020
Price Changed
$195,001
$14/sq ft
Mar 19, 2020
Relisted
—
Jan 23, 2020
Pending
—
Jan 22, 2020
Listed
$195,000
$14/sq ft
MIBOR as Distributed by MLS Grid #2835910
Jun 17, 2008
Listed
$64,900
$5/sq ft
MIBOR as Distributed by MLS Grid #2712005
Nov 25, 2007
Listing Removed
—
Feb 27, 2007
Listed
$192,000
$13/sq ft
MIBOR as Distributed by MLS Grid #2551977
Feb 17, 2006
Listing Removed
—
Aug 21, 2005
Listed
$184,900
$13/sq ft
MIBOR as Distributed by MLS Grid #2601303
Jan 6, 2006
Listed
$184,900
$13/sq ft
MIBOR as Distributed by MLS Grid #2234091
Jul 22, 2002
Listed
$131,900
$9/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$8,647 (−22.9%)
$32,200 + $324,300
$356,500
2024
$11,221 (+56.1%)
$32,200 + $429,600
$461,800
2023
$7,187 (+26.7%)
$32,200 + $429,600
$461,800
2022
$5,672 (+372.1%)
$32,200 + $259,900
$292,100
2021
$1,201 (−20.5%)
$14,700 + $32,100
$46,800
2020
$1,511 (+38.5%)
$14,700 + $32,100
$46,800
2019
$1,091 (−0.4%)
$14,700 + $28,500
$43,200
2018
$1,095 (+15.1%)
$14,700 + $26,700
$41,400
2017
$952 (+7.2%)
$14,700 + $25,200
$39,900
2016
$888 (+6.5%)
$14,700 + $25,200
$39,900
2015
$834 (+7.5%)
$14,700 + $23,200
$37,900
2014
$776 (+4.3%)
$14,700 + $23,200
$37,900
2013
$744
$14,700 + $21,200
$35,900
Public record
Public record
Zoning
Permits
Beds
—
Baths
—
Stories
2
Lot width
—
Lot depth
—
Lot size
0.54 Acres
Year renovated
1988
Sq. Ft.
4,028
Year built
1960
Style
Multi-Family (5+ Unit)
County
Marion County
APN
490711102030000401
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 31, 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.
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: Covered
Parking Features: Carport
Carport Spaces: 1
Interior
Laundry Room Information
Laundry Features: Connections All
Basement Information
Has Basement
Basement Features: Exterior Entry
Heating & Cooling
Heating Information: Zoned
Cooling Information: Central Air
Multi-Family Financial Information
Owner Pays: Lawncare, Trash Collection
Gross Income: 50400
Expenses: 500
Multi-Unit Information
# of Units: 4
Unit Type 1 Information
Kitchen: 165
Levels: 1
Rent: 1050
Rent Frequency: Monthly
Utilities: Cl Cntrl Air, Heat Forced, Hot Wtr Elec