2930 N Dearborn Street, Indianapolis, IN 46218
- $250,000
- List Price
- $250,000
- MLS#
- 22121036
- Days on Market
- 16
- Status
- ACTIVE
Property Description
Turnkey quadplex opportunity at 2930 N Dearborn St! Located in historic Martindale-Brightwood just 15 minutes from Downtown Indianapolis, this renovated four-unit property is primed for savvy investors and house hackers ready to offset living costs. All units are efficiency layouts (~500sq ft) with 1 bath ea, all turnkey, backed by over $40k in recent major improvements-including upgraded composition cement siding, new subflooring in all units, insulated plumbing, sewer cleanout, Section 8-compliant updates, and stylish modern finishes with LVP flooring. Currently under professional management, three units are leased into 2027 at $599/mo for reliable immediate cash flow paired with flat utility reimbursements ($185/mo), while one vacant unit provides instant move-in flexibility or fresh lease-up upside. When fully leased the property is nearly at the 1% mark, and with section 8 tenants it should easily exceed that metric. Situated directly across from the 128-acre Washington Park-fresh off a $3.2M Lilly Endowment investment bringing a new splash pad, playgrounds, sports courts, and trails-and just moments from the booming 30th Street and Monon Trail corridors. Delivering effortless management, strong rental demand, and long-term neighborhood appreciation, this versatile quadplex is an outstanding addition to any portfolio. Schedule your showing today!
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Additional Information
- Tenant Pays
- Other
- Owner Pays
- All Utilities
- Subdivision
- Rosedale
- Foundation
- Crawl Space
- Stories
- One
- Architecture
- Craftsman, Ranch
- Exterior Amenities
- Not Applicable
- Acres
- 0.12
- Heat
- Electric
- Cooling
- None
- Financing
- Conventional, Exchange, FHA
- Region
- Center
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Listing courtesy of Keller Williams Indpls Metro N.
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