Back 3818 Central Ave
Off Market

3818 Central Ave

Indianapolis IN 46205

8668 sq. ft.
Duplex
Last sold for $685,000
Cory GardnerCory Gardner, last sold this property on 17 October 2025 after 153 days on market.

Overview

This STR portfolio is comprised of four properties totaling 16 rentable units. This is a quadplex with 4 units. Current ownership has demonstrated strong short-term income potential. Near downtown locations and boutique finishes drive high occupancy and opportunities for increased revenue with a combination of STR and MTR. Conversion to townhomes/condos or LTR as well as development of included green space to add units offer multiple investment strategies.

Features

8668 sq. ft. lot size
Duplex

Estimated Value

Based on this property and similar duplexes sold in Indianapolis over the last 12 months, the estimated median property value of 3818 Central Ave is $325k.

Median value
$325k
Estimated value range
$76.4k - $685k
Median days on market
21
Estimated value trend
2%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Indianapolis. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 3818 Central Ave

2026
Rented
Undisclosed
15 Apr 2026 by Hodges Realty, LLC
2025
Sold
$685,000
17 Oct 2025 by Cory Gardner, of Gardner Property Group
2022
Sold
$1,319,700
22 Aug 2022 by Cory Gardner, of Gardner Property Group

Happy sellers in Indianapolis

90%
90% of sellers in Indianapolis reported that their sale price either exceeded or met their price expectations.

Indianapolis stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 6 reviews in Indianapolis over the last 12 months.

Local market activity for duplexes in Indianapolis

In the last 12 months, 61 duplexes similar to 3818 Central Ave, have been sold.

This represents a 64% decrease in duplexes sales when compared to the previous 12 months.

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