2334 Central Avenue Indianapolis, IN
$ 405,000
Property Attributes
  • MLS#21820141
  • TypeMulti-Family
  • CountyMARION
  • CityIndianapolis
  • AreaCenter NE
  • NeighborhoodSTEVENSONS
  • Zip46205
  • StyleTudor
  • Year Built1915
  • Taxes$ 4568
  • Price$ 405,000
  • Bedrooms8
  • Full Bathrooms3
  • Half Bathrooms0
  • Sqr Footage6195
  • Lot Size5,532 SqFt
Listing Provided Courtesy Of:
Lynn Fischer with Fischer & Associates, Inc.
Data Source:
Metropolitan Indianapolis MLS (MIBOR)
Property Description

Fully Leased, rehabbed, easily rented tri-plex on the cusp of Fall Creek Place. OWNER, has made a many capital improvements to this building since his ownership. New roof, windows, appliances, bathrooms remodeled, upgraded & remodeled kitchens, flooring and new paint throughout. Leases are in place with only one tenant going month to month. AS IS SALE. TENANTS are not aware of the sale. NO WALKING OR STOPPING ON THE PROPERTY FOR THEIR PRIVACY AND SAFETY! Absolutely NO SHOWINGS, without proof of funds. Rents are below market rents in the area which will raise the cap rate from a 7 to a 9. Contact agent for details, etc.

Price History
10/20/2021 Listed $400,000

General Features

Architectural Style Tudor
City Indianapolis
Construction Materials Stucco, Wood
Contingency Act with no Contingency
County Marion
Current Financing Cash Only
Days on Market 81
Directions From Fall Creek and Central, head south on Central to property on the right. Apartments sit on the West side of the road on the edge of the Fall Creek Place historic area.
Disclosures Not Applicable
Levels Two, Basement
MBR_SchoolDistrict Indianapolis Public Schools
Net Operating Income 26272
New Construction No
Ownerpays Insurance, Insurance, Lawncare, Taxes, Sewer, Water
Possession Negotiable
Possible Use Apt<20
Property SubType Residential Units - 1 to 4
Property Type Residential Income
Standard Status Active
Status Active
Street Name Central
Structure Type Triplex
Subdivision Name STEVENSONS
Tax Year 2020
Tenant Pays Cable TV, Electricity, Gas, Insurance
Total Units 3
Township Center NE
Year Built 1915

Interior Features

Basement (Y/N) Yes
Street Suffix Avenue

Exterior Features

Lot Size Acres 0.127
Road Frontage Type City Street
Road Surface Type Concrete


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 46205

AVG $150K
AVG $7,214
AVG 177
Year Built
AVG 1925
AVG 50
Data Provided by Walkscore ® not using MLS data

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