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2930 N Dearborn Street, Indianapolis, IN 46218

Indianapolis
Local realty services provided by:CENTURY 21 Scheetz
2930 N Dearborn Street,Indianapolis, IN 46218
$250,000
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  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Pending
Listed by: peter stewart
Office: keller williams indpls metro n
MLS#:22121036
Source:IN_MIBOR | Licensed in Indiana

Price summary

  • Price:$250,000

About this home

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...

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Home facts

  • Year built:1910
  • Subdivision & Development:Rosedale
  • Listing ID #:22121036
  • Added:63 day(s) ago
  • Updated:October 28, 2026 at 08:22 AM

Heating and cooling

  • Heating:Electric

Structure and exterior

  • Roof:Asphalt
  • Year built:1910
  • Lot area:0.12 Acres
  • Architectural Style:Craftsman, Ranch
  • Construction Materials:Cement Siding
  • Foundation Description:Crawl Space

Finances and disclosures

  • Price:$250,000
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