About This Home

This 12-bedroom, 4-bathroom multi-family at 3535 N College Avenue in Indianapolis, IN is listed for $525,000. Built in 1910, on a 0.15 acres lot.

Key Features

  • Built in 1910
  • 0.15 acre lot
  • 2 stories

Property Details

2 stories
4 full
1910

Amenities

A/C
Listing Description

INVESTMENT opportunity! Purchase this 4-plex individually or with the neighboring 4-plex for added scale - 8 doors! 2025 cap rate near 6%. Each unit offers 3 bedrooms, 1 full bath, and an in-unit washer/dryer, with a mix of main-floor and upper-level layouts.

This plus the neighboring 4-plex property, has seen nearly $180K in improvements, including a roof replacement (2020), LVP flooring throughout, and extensive interior updates to kitchens, baths, paint, and drywall. Add this income-producing asset to your portfolio today.

Monthly Cost Estimate

$2,808/mo

20% down · 6.5% · 30 years

Principal$380
Interest$2,275
Insurance$153

Estimates only. Actual payments may vary.

Location

3535 N College Avenue

Indianapolis, IN 46205

Hasselman Place

Property Details

Construction

Vinyl Siding

Parking

Assigned

Heating

Forced Air

Cooling

Window Unit(s)

Questions & Answers

This 12-bedroom, 4-bathroom multi-family at 3535 N College Avenue is listed at $525,000. The estimated monthly payment is $2,808 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1910, 0.15 acre lot, 2 stories.

This property is listed by Kristin Glassburn.

KG

Kristin Glassburn

Agent at Plat Collective

Listed by Plat Collective · Broker phone: (317) 489-3441 · View on Broker Site

MLS# 22089148· Source: Broker Listing Cooperative®· 225 days on PropertySimple

Copyright © 2026 Broker Listing Cooperative®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

3535 N College Avenue, Indianapolis, IN 46205

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