2930 N Dearborn ST, Indianapolis, IN 46218
2930 N Dearborn ST, Indianapolis, IN 46218
2930 N Dearborn ST, Indianapolis, IN 46218
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Jake Stiles, CLHMS

Jake Stiles, CLHMS

+1(317) 201-4092
Listed by Peter Stewart • Keller Williams Indpls Metro N
$250,000
Est. payment /mo
5,227 Sqft Lot
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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Pending

Purchase Type For Sale

Subdivision Rosedale

MLS Listing ID 22121036

Year Built 1910

Tax Year 2025

Lot Size 5,227 Sqft

Acres 0.12

Property Sub-Type Quadruplex

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!

Location

State IN

County Marion

Interior

Heating Electric

Cooling None

Fireplace N

Exterior

Exterior Feature Not Applicable

View Y/N false

Roof Type Asphalt

Building

Story One

Foundation Crawl Space

Architectural Style Craftsman, Ranch

Structure Type Cement Siding

New Construction false

Schools

School District Indianapolis Public Schools

Others

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Jake Stiles, CLHMS

Jake Stiles, CLHMS

+1(317) 201-4092

Broker RB14032222

Broker RB14032222

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2930 N Dearborn ST

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