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Listed by Tyler Renick • Tyler Knows Real Estate LLC
$699,900
Est. payment /mo
5,227 Sqft Lot
Active
537 E 11th ST Indianapolis, IN 46202
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Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Cosbys Sub Ovis Butlers 1St Add
MLS Listing ID 22090881
Year Built 1880
Tax Year 2024
Lot Size 5,227 Sqft
Acres 0.12
Property Sub-Type Quadruplex
Property Description
Location! Location! Location! Cash flow. Upside. This quadruplex sits just two blocks from the hottest area of downtown Indy, near Mass Ave and minutes from the vibrant Bottleworks District-placing tenants within walking distance of some of downtown Indianapolis' best dining, entertainment, and nightlife. The property offers an ideal blend of stability and flexibility, with current rents ranging from $1,500-$1,850 per unit. The unit mix includes long-term tenants, furnished rentals, and clear potential to expand into short-term rentals for increased yield. Renovated in 2024, the building features refreshed flooring throughout, updated appliances, and modernized interiors with a clean, turnkey feel. Furnished units are included in the sale, providing immediate income without additional capital investment. Whether you're looking for a strong performing asset today or a value-add play with STR upside, this is a rare opportunity in one of Indianapolis' most sought-after rental corridors. Broker-owned property.
Location
State IN
County Marion
Zoning Multi
Rooms
Basement Exterior Entry
Interior
Heating Natural Gas
Cooling Separate Meters
Fireplace N
Exterior
Exterior Feature Balcony
Garage Spaces 2.0
Building
Story Two
Foundation Brick/Mortar, Crawl Space
Architectural Style Victorian
Structure Type Brick,Wood Siding
New Construction false
Schools
School District Indianapolis Public Schools
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