1363 Blaine Avenue
Indianapolis, IN 46221
- – beds
- – baths
- – sqft
- 5,130 sqft lot
- 1950 build
Discover a fantastic investment opportunity with this remodeled, cash-flowing 4-unit apartment building located in the heart of Indianapolis. Whether you're an experienced investor or a first-time buyer, this property is a must-see. Each unit has been thoughtfully updated with modern finishes, including new flooring, fresh paint, updated kitchens with stainless steel appliances, and renovated bathrooms. All four units are currently rented with stable tenants, generating consistent rental income. This property is ideal for investors looking to secure immediate returns. Conveniently situated in a vibrant and growing neighborhood, with easy access to public transportation, shopping, dining, and entertainment. Enjoy the benefits of Indianapolis' thriving rental market. Includes off-street parking for tenants and a shared outdoor area for relaxation or entertainment. The recent renovations ensure that the property is in excellent condition, reducing the need for immediate repairs or upgrades. With the increasing demand for rental properties in Indianapolis, this building is poised to provide long-term, reliable cash flow and value appreciation. Don't miss out on this incredible opportunity to own a turnkey, cash-flowing 4-unit property in a prime Indianapolis location. Schedule a showing today to see the potential firsthand!
Last checked:
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Last updated Apr 3, 2025
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MLS# 22027594 —
The Building
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Year Built:1950
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New Construction:false
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Levels:One
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Basement:true
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Green Certification:No
Location
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Directions:GPS Friendly
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Latitude:39.747709
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Longitude:-86.188063
The Property
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View:true
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Property Type:Residential Income
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Property Subtype:Fourplex
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Property Attached:true
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Parcel Number:491115100111000101
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Acres:<1/4 Acre
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Lot Size Acres:0.12
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Lot Size SqFt:5,130 Sqft
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Price Per Acre:3749167
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Property Condition:Updated/Remodeled
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Current Use:Apt<20
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Road Access:Frontage Road
Listing Agent
- Contact info:
- Agent phone:
- (317) 537-1597
- Office phone:
- (317) 595-0021
Taxes
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Tax Lot:101
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Tax Year:2023
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Semi Annual Property Tax Amt:1586.86
Utilities
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Solid Waste:No
Schools
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High School District:Indianapolis Public Schools
The Community
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Subdivision Name:No Subdivision
Extra Units
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# of Units Total:4
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
4/3/25
Apr 3, 2025
|
Listed / Active | MIBOR | $449,900 | 799.8% (68.2% / YR) |
|
1/7/25
Jan 7, 2025
|
Price Changed | MIBOR | ||
|
7/8/24
Jul 8, 2024
|
Listed / Active | MIBOR |
