2930 N Dearborn Street, Indianapolis, IN 46218

$250,000

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List Price: $250,000
MLS#: 22121036
Days on Market: 17
Status: ACTIVE

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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!

(765) 413-6516

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Additional Information

Tenant Pays: Other
Owner Pays: All Utilities
Foundation: Crawl Space
Stories: One
Architecture: Craftsman, Ranch
Exterior Amenities: Not Applicable
Acres: 0.12
Heat: Electric
Cooling: None
Financing: Conventional, Exchange, FHA
Region: Center