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29 N Tacoma Avenue, Indianapolis, IN 46201

Indianapolis
Local realty services provided by:CENTURY 21 Scheetz
29 N Tacoma Avenue,Indianapolis, IN 46201
$430,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: mihir bhimaraju
Office: real broker, llc.
MLS#:22109656
Source:IN_MIBOR

Price summary

  • Price:$430,000

About this home

Calling all investors and house hackers! This renovated fourplex presents an excellent opportunity to own a cash-flowing multifamily property just minutes from downtown Indianapolis. The property currently has three occupied units generating approximately $3,300 per month in rental income, with one vacant unit that was previously rented for $1,100 per month, offering a total rental potential of approximately $4,400 per month. The unit mix consists of two 2-bedroom units and two 1-bedroom units, providing a desirable layout that appeals to a wide range of tenants. The vacant unit also creates an ideal opportunity for an owner-occupant to offset their mortgage while building equity through rental income. Conveniently located near Downtown Indianapolis, Fountain Square, Mass Ave, and Irvington, the property benefits from strong rental demand and long-term appreciation potential. There is additional upside through future rent increases, including the possibility of leasing to Section 8...

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Home facts

  • Year built:1920
  • Listing ID #:22109656
  • Added:8 day(s) ago
  • Updated:July 03, 2026 at 04:08 PM

Rooms and interior

  • Basement:Yes
  • Basement Description:Basement

Structure and exterior

  • Year built:1920
  • Lot area:0.12 Acres
  • Architectural Style:Craftsman
  • Construction Materials:Vinyl Siding
  • Foundation Description:Concrete Perimeter

Utilities

  • Water:Water
  • Sewer:Sewer, Storm Sewer

Finances and disclosures

  • Price:$430,000
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