Back 448 North State Avenue
Off Market

448 North State Avenue

Indianapolis IN 46201

4960 sq. ft.
Duplex
Last sold for $505,000
Olubunmi FamosinpeOlubunmi Famosinpe, last sold this property on 23 June 2026 after 93 days on market.

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

Estimated Value

Based on this property and similar duplexes sold in Indianapolis over the last 12 months, the estimated median property value of 448 North State Avenue is $191.25k.

Median value
$191.25k
Estimated value range
$20k - $650k
Median days on market
23
Estimated value trend
16%
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 448 North State Avenue

2026
Sold
$505,000
23 Jun 2026 by Olubunmi Famosinpe, of My Agent
2024
Sold
$455,000
25 Oct 2024 by Charlene Gaard, of No Limit Real Estate, LLC

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 4 reviews in Indianapolis over the last 12 months.

Local market activity for duplexes in Indianapolis

In the last 12 months, 169 duplexes similar to 448 North State Avenue, have been sold.

This represents a 43% decrease in duplexes sales when compared to the previous 12 months.

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