2435 Shelby Street
Indianapolis, IN 46203
- – beds
- – baths
- – sqft
- 4,269 sqft lot
- 1934 build
Prime Location! Don't miss out on this exceptional turnkey investment opportunity in the highly sought-after Garfield Park neighborhood. This well-maintained income-producing fourplex offers the perfect blend of commercial and residential space, featuring one commercial unit and three fully-leased, residential units. Each of the residential units boast the convenience of in-unit laundry, adding extra appeal for tenants. With a strong cash flow potential, this property is an ideal investment for a variety of buyers to grow your portfolio and secure a reliable source of income. The commercial unit is equipped with a brand-new HVAC system and upgraded electrical. Seize the opportunity to own this versatile, income-generating property in a thriving neighborhood. It's a rare find that checks all the boxes for savvy investors!
Last checked:
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Last updated Mar 14, 2025
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MLS# 22024761 —
The Building
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Year Built:1934
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New Construction:false
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Construction Materials:Brick
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Architectural Style:TraditonalAmerican
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Levels:Two
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Basement:true
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Security Features:Smoke Alarm
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Green Certification:No
Interior
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Laundry Features:Connections Some
Location
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Directions:GPS Friendly
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Latitude:39.732964
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Longitude:-86.139388
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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Parcel Number:491019139011000101
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Acres:<1/4 Acre
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Lot Features:Corner Lot
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Lot Size Acres:0.1
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Lot Size SqFt:4,269 Sqft
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Price Per Acre:4750000
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Structure Type:Quadruplex
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Current Use:Office, Residential, Retail, Vacant
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Road Access:Not Applic
Listing Agent
- Contact info:
- Agent phone:
- (812) 236-5559
- Office phone:
- (317) 489-3441
Taxes
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Tax Lot:1
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Tax Year:2023
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Semi Annual Property Tax Amt:3022
Heating & Cooling
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Cooling:Central Electric
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:Spann & Halloway Shelby
Parking
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Parking:On Street,Other
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Parking Features:Detached
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Garage Spaces:2
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 |
---|---|---|---|---|
3/14/25
Mar 14, 2025
|
Listed / Active | MIBOR | $475,000 | 227.6% (30.8% / YR) |
10/23/17
Oct 23, 2017
|
MIBOR | $145,000 |