Indianapolis, IN 46201,4811 E Michigan ST
Indianapolis, IN 46201,4811 E Michigan ST
Indianapolis, IN 46201,4811 E Michigan ST
22
See all 22 photos
Listed by Justin Wade • BLK Key Realty
$250,000
Est. payment /mo
Save
6,098 Sqft Lot
Active

4811 E Michigan ST Indianapolis, IN 46201

Save
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Fri
30
Jan
Sat
31
Jan
Sun
1
Feb
Chris Schulhof

Chris Schulhof

+1(317) 506-7368

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Subdivision Layman & Carey

MLS Listing ID 22073146

Year Built 1925

Tax Year 2024

Lot Size 6,098 Sqft

Acres 0.14

Property Sub-Type Quadruplex

Property Description

Investor opportunity! Turn-key 4-unit in Indianapolis with strong cash flow and upside. Two units currently occupied with one vacant and ready to lease; one unit needs light TLC, offering value-add potential. Fully occupied rents project approx. $3,300/month, exceeding the 1% rule. All tenants are month-to-month, providing flexibility for rent increases or repositioning. Separately metered units with tenants paying utilities keep expenses low. Lower level offers potential for additional storage, laundry, or future unit. Ideal for new or seasoned investors seeking a stabilized asset with upside.

Location

State IN

County Marion

Interior

Fireplace N

Building

Story Two

Foundation Block

Architectural Style Traditional

Structure Type Vinyl Siding

New Construction false

Schools

School District Indianapolis Public Schools

MIBOR MLS
© 2026 All listing information is courtesy of MIBOR Broker Listing Cooperative(R) as distributed by MLS Grid. All rights reserved.

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES
Elementary Schools 20
  • 8

    Paramount School of Excellence

    Public | KG - 8

  • 5

    Indpls Lighthouse Charter School

    Public | KG - 12

  • 5

    Irvington Community School

    Public | KG - 12

  • 5

    Lowell Elementary School

    Public | KG - 4

  • 4

    Theodore Potter School 74

    Public | KG - 6

  • 4

    Frederick Douglass School 19

    Public | PK - 8

  • 3

    William Mckinley School 39

    Public | PK - 6

  • 3

    Christian Park School 82

    Public | KG - 6

  • 3

    George W Julian School 57

    Public | KG - 6

  • 2

    Thomas D. Gregg Elementary School 15

    Public | PK - 6

  • 2

    Arlington Woods Elementary School

    Public | KG - 6

  • 2

    Anna Brochhausen School 88

    Public | PK - 6

  • 1

    Joyce Kilmer School 69

    Public | KG - 6

  • 1

    Brookside School 54

    Public | KG - 6

  • 1

    James Russell Lowell School 51

    Public | PK - 6

  • 1

    Ralph Waldo Emerson School 58

    Public | KG - 6

  • 1

    Paul I Miller School 114

    Public | PK - 6

  • 0

    Central Christian Academy

    Private | PK - 12

  • 0

    Trinity Christian School

    Private | PK - 12

  • 0

    St Philip Neri School

    Private | PK - 8

Middle Schools 2
  • 1

    H L Harshman Middle School

    Public | 7 - 8

  • 0

    Thomas Carr Howe Community High School

    Public | 7 - 12

High Schools 2
  • 1

    Arsenal Technical High School

    Public | 9 - 12

  • 0

    Scecina Memorial High School

    Private | 9 - 12

School and business data provided by Attom Data.

GET MORE INFORMATION

Chris Schulhof

Chris Schulhof

Broker | License ID: RB14031306

+1(317) 506-7368

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of RE/MAX Realty Services, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

4811 E Michigan ST