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546 Eastern Avenue, Indianapolis, IN 46201

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For Sale
Sale Pending

$425,000

0.14 acres

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • 0.1 acres
    Lot size

  • Over 50 Years Old
    Age

  • Basement
    Rooms

Explore this Property

This cash-flowing quadruplex is an excellent investment opportunity in the St Clair Place area! With one unit being vacant and recently renovated to be move-in ready, this could be a perfect house hack for someone who wants to live in one side and let the other three units pay their mortgage or for the savvy investor who wants to enjoy steady cashflow and a healthy cap rate. These (four) 1 bedroom/1 bathroom units bring in an annual gross income of $42,000 (using the rent potential for the updated vacant unit) and have great tenants who are current on and timely with rent. There are two main level units and two upper units; Unit D on the main level has just been updated with new carpet, new luxury vinyl plank flooring, and fresh, crisp paint on the walls and trim and is available for showings. The off-street parking in the back lot is a big plus for renters, and each unit has its own laundry connection, oven/range and refrigerator. This investment is a great chance for ease of ownership and stable cashflow with growth potential in a gentrifying area!
MLS# 22054992

Courtesy Of Highgarden Real Estate

(317) 205-4320

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Security System, Security System
  • Architecture Style
    New Traditional
  • Exterior Type
    Aluminum Siding
  • Lot Size
    0.14 Acres
  • Rooms
    Basement

Map and Directions

Directions to 546 Eastern Avenue, Indianapolis, IN 46201

Home seller CENTURY 21 Scheetz

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Scheetz

(317) 814-5500
Learn More About Us

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Monthly Payment Breakdown

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Copyright © 2025 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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