14 Cap rate and the nicest building on the block. Has been completely remodeled, fenced around the property with a newer steel carport constructed behind the building. This building has exterior air-conditioning units built up on decks for safety and ease on taking care of the landscape as well as cameras for the tenants exterior comfort & safety. This is a very nice building and has a good track record. Self managed with good system.
Multi-familyProperty Type
1965Year Built
0.74 acresLot Size
Listed by Lynn Fischer• Fischer & Associates, Inc.
Contact: l.fischer@att.net
Bought with James Embry• Prudential Indiana Realty Grp
*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
0.74 Acres
Year renovated
1960
Sq. Ft.
4,803
Year built
1960
Style
Multi-Family (5+ Unit)
County
Marion County
APN
490711102001000401
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
Sep 25, 2009 • Final
Structural permit-multi-family-alteration-remodel
Replace the subfloor as part of a miscellaneous commercial construction project.
Remodel
Sep 24, 2009 • Final
Electrical permit-1-2 family-alteration-remodel
Perform electrical alterations and repairs by replacing missing wiring.
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: Covered
Interior
Interior Sq. Ft. Information
Building Area Total: 0
Living Area: 0
Upper Level Sq. Ft.: 0
Laundry Room Information
Laundry Features: Connections All
Multi-Family Financial Information
Owner Pays: All Utilities, Insurance, Insurance, Trash Collection
Miscellaneous: Eat In Kitchen, Lndry Conn, Range/Oven, Refrigrater
Rent: 700
Rent Frequency: Monthly
Utilities: Cl Cntrl Air, Fuel Elec, Fuel Elec, Fuel Gas
Unit Type 2 Information
Kitchen: 15x12
Levels: 1
Miscellaneous: Lndry Conn,Refrigrater,Range/Oven
Rent: 700
Rent Frequency: Monthly
Utilities: Cl Cntrl Air,Fuel Elec,Fuel Gas
Unit Type 3 Information
Levels: 1
Rent Frequency: Monthly
Rent: 700
Unit Type 4 Information
Levels: 1
Rent: 700
Rent Frequency: Monthly
Exterior
Building Information
Building Information: Other
Property Features
Conversion: No
Property Information
Property Type: Residential Income
Property Sub Type: Fourplex
Lot Information
Lot Size Acres: 0.74
Lot Features: Busline, Fence Full, Sidewalks
Utilities
Utility Information
Utilities: Cable Available, Gas, Sewer Connected, Water Connected
Solid Waste Information: Yes
Building Utilities: Municipal Storm Connected
Location
School Information
High School District: Indianapolis Public Schools
Location Information
Directions: From 56th Street and 465 head west to Arlington. Go south on Arlington until Dickson Road. Turn East/left on Dickson to the end of the street and building sits on the left.
Tax Legal Description: DEVINGTON ACRES 2ND SEC T
Public facts
Beds: —
Baths: —
Sq. Ft.: 4,803
Stories: 2.0
Lot Size: 0.74 acres
Style: Multi-Family (5+ Unit)
Year Built: 1960
Year Renovated: 1960
County: Marion County
APN: 490711102001000401
Home facts updated by county records on Jul 29, 2026
Other
Listing Information
Attribution Contact: l.fischer@att.net
Home Information
Construction Materials: Vinyl With Brick
Structure Type: Apartment Building
Security Features: Smoke Alarm
Around this home
Schools
Robert Lee Frost School 106
Public PreK-5 • Assigned • 0.6mi
3/10
Avondale Meadows Middle School
Charter 5-8 • Assigned • 2.9mi
5/10
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
1% 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)
32
17
42
26
60
39
68
47
71
53
83
65
87
71
82
64
81
59
71
48
54
39
41
28
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.8 hours in
June and 3.3 hours in December, placing it below the
U.S. average for solar exposure.