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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!

Listing courtesy of MIBOR / @properties

Last checked: Checking… • Last updated Mar 16, 2025 •

MLS# 22024761 —

The Building

Year Built:

1934
New Construction:

false
Construction Materials:

Brick
Architectural Style:

TraditonalAmerican
Levels:

Two
Basement:

true
Security Features:

Smoke Alarm
Green Certification:

No

Interior

Laundry Features:

Connections Some

Location

Directions:

GPS Friendly
Latitude:

39.732964
Longitude:

-86.139388

The Property

View:

true
Property Type:

Residential Income
Property Subtype:

Fourplex
Parcel Number:

491019139011000101
Acres:

<1/4 Acre
Lot Features:

Corner Lot
Lot Size Acres:

0.1
Lot Size SqFt:

4,269 Sqft
Price Per Acre:

4750000
Structure Type:

Quadruplex
Current Use:

Office, Residential, Retail, Vacant
Road Access:

Not Applic

Listing Agent

Contact info:

Taxes

Tax Lot:

1
Tax Year:

2023
Semi Annual Property Tax Amt:

3022

Heating & Cooling

Cooling:

Central Electric

Utilities

Solid Waste:

No

Schools

High School District:

Indianapolis Public Schools

The Community

Subdivision Name:

Spann & Halloway Shelby

Parking

Parking:

On Street,Other
Parking Features:

Detached
Garage Spaces:

2

Extra Units

# of Units Total:

4

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

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

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This multifamily located in South Side Indianapolis, Indianapolis, IN 46203 is currently for sale for $475,000. 2435 Shelby Street is a – square foot multifamily with – beds and – baths. 2435 Shelby Street is in the South Side Indianapolis neighborhood of Indianapolis and has a WalkScore® of 70, making it somewhat walkable. This multifamily is in the attendance area of Arlington Middle School, George Washington Community High School, Arsenal Technical High School, Riverside High School, Emmerich Manual High School, and Eleanor Skillen School 34.

Listing Courtesy of: MIBOR and @properties.

IDX information is provided exclusively for consumers’ personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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