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448 North State Avenue

Indianapolis IN 46201

4960 sq. ft.
Duplex
Currently for sale - view listing

Overview

Investor Opportunity - Turnkey Fourplex Near Downtown Indianapolis Well-maintained fourplex located in the rapidly developing Near Eastside, just minutes from downtown Indianapolis, Bottleworks District, and Mass Ave. This income-producing property features four spacious units, offering a strong blend of current cash flow and upside potential. Three units are currently leased, providing immediate income, while one unit is vacant and ready for a new tenant, allowing the next owner to lease at current market rates or occupy. Ideal for investors seeking a stabilized asset with room to increase rents, or for an owner-occupant looking to house hack while generating rental income. Each unit offers functional layouts with generous living space and consistent tenant appeal. Property benefits from its proximity to major employers, hospitals, dining, and entertainment, supporting strong rental demand in the area. Whether you're expanding your portfolio or entering the multifamily space, this property presents a solid opportunity in one of Indianapolis' most active growth corridors.

Features

4960 sq. ft. lot size
Duplex

Property history for 448 North State Avenue

2024
Sold
$455,000
25 Oct 2024 by Charlene Gaard, of No Limit Real Estate, LLC

Happy sellers in Indianapolis

95%
95% 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 4 reviews in Indianapolis over the last 12 months.

Local market activity for duplexes in Indianapolis

In the last 12 months, 172 duplexes similar to 448 North State Avenue, have been sold.

This represents a 57% decrease in duplexes sales when compared to the previous 12 months.

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(619) 566-0008
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