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448 N State Avenue Se, 
Indianapolis, IN 46201

$519,000


Bed


Bath


-

Sq Ft


Multi-Family

Active

Listed by

Olubunmi Famosinpe

My Agent

317-979-4663

Last updated:

April 10, 2026, 02:53 PM

MLS#

22090573

Source:

IN MIBOR

About This Home

448 N State Avenue Se

Investor Opportunity - Turnkey Fourplex Near Downtown Indianapolis Well-maintained fourplex located in the rapidly developing Near Eastside, just minutes from downtown Indianapolis, Bottleworks District, and Mass Ave. This income-producing property features four spacious units, offering a strong blend of current cash flow and upside potential. Three units are currently leased, providing immediate income, while one unit is vacant and ready for a new tenant, allowing the next owner to lease at current market rates or occupy. Ideal for investors seeking a stabilized asset with room to increase rents, or for an owner-occupant looking to house hack while generating rental income. Each unit offers functional layouts with generous living space and consistent tenant appeal. Property benefits from its proximity to major employers, hospitals, dining, and entertainment, supporting strong rental demand in the area. Whether you're expanding your portfolio or entering the multifamily space, this property presents a solid opportunity in one of Indianapolis' most active growth corridors.

Home Facts

Multi-Family

Built in 1910

Price Summary

519,000

MLS #:

22090573

Last Updated:

April 10, 2026, 02:53 PM

Added:

22 day(s) ago


Structure

Structure

Year Built:

1910


Lot

Lot Size (Sq. Ft):

4,791


Finances & Disclosures

Finances

Price:

$519,000

Source:IN MIBOR
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.