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Local Realty Service Provided By: Coldwell Banker Kaiser Real Estate

29 N Tacoma Avenue, 
Indianapolis, IN 46201

$408,150


Bed


Bath


-

Sq Ft


Multi-Family

Sold

Listed by

Mihir Bhimaraju

Bought with Keller Williams Indpls Metro N

Real Broker, LLC.

317-794-2827

MLS#

22109656

Source:

IN MIBOR | Licensed in Indiana

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About This Home

29 N Tacoma Avenue

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 tenants or local nonprofit housing organizations, which may provide higher rental rates and stable occupancy. Whether you're looking to grow your investment portfolio or purchase your first multifamily property, this fourplex offers immediate income with room for future growth. Schedule your showing today!

Home Facts

Multi-Family

Built in 1920

Subdivision & Development:

A M Ogle Et Al East Park

Price Summary

425,000

MLS #:

22109656

Sold:

August 26, 2026


Structure

Structure

Architectural Style:

Craftsman

Year Built:

1920


Lot

Lot Size (Sq. Ft):

5,227


Finances & Disclosures

Finances

Price:

$425,000

Source:IN MIBOR | Licensed in Indiana
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