546 Eastern Avenue

Indianapolis, IN 46201

$399,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Welcome to an exceptional investment opportunity in the heart of the flourishing St Clair Place neighborhood! This rare 4-plex promises both immediate returns and long-term potential. Located on the near eastside, just moments from downtown, this property boasts an enviable location amidst a wave of revitalization and gentrification. Professionally managed by PMI Midwest, this property offers ease of ownership and peace of mind. The neighborhood is witnessing a surge in new builds and fully remodeled...Welcome to an exceptional investment opportunity in the heart of the flourishing St Clair Place neighborhood! This rare 4-plex promises both immediate returns and long-term potential. Located on the near eastside, just moments from downtown, this property boasts an enviable location amidst a wave of revitalization and gentrification. Professionally managed by PMI Midwest, this property offers ease of ownership and peace of mind. The neighborhood is witnessing a surge in new builds and fully remodeled homes, affirming its appeal to investors seeking growth and stability. Currently, two units are occupied ($700 & $729), while two remain vacant, presenting an opportunity for immediate occupancy or renovation. The units are all one bedroom and one bathroom, offering approximately 700 sq ft of comfortable living space. All utilities are separately metered, and each unit has its own laundry hookups. With rates fetching up to $1000 per unit (Section 8), and the possibility of converting the basement into two additional units (zoned for 4-8 units), the income potential is substantial. The layout of the units and location of this property open avenues for versatile rental strategies, including short or medium-term rentals, to further enhance the cash flow potential. Don't miss out on the chance to capitalize on this prime investment in one of Indianapolis's most promising neighborhoods. Take advantage of the momentum in St Clair Place and secure your position in this dynamic market today!
  1. Listed by Peter Stewart • Keller Williams Indpls Metro N • peter@peterstewartrealty.com

Property Details for 546 Eastern Avenue

Architectural Style
TraditonalAmerican
Subdivision Name
Holtman & Topps
Township
Center
Waterfront
No

Location

Listing Courtesy of Keller Williams Indpls Metro N
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LISTING UPDATED: 05/31/2024 11:29 AM

Property Details for 546 Eastern Avenue

StatusPending
MLS #21972983
Days on Market17
Taxes$1,156 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Fourplex
Year Built1910
Lot Size0.14 AC / 6,098 SF
CountyMarion County

Location

Listing Courtesy of Keller Williams Indpls Metro N
Add your commute

Building Information for 546 Eastern Avenue

Stories-Residences4Year Built1910Building Size-Lot Size0.14 AC / 6,098 SF

Payment Calculator

$2,370 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,178

Property Taxes

$193

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 546 Eastern Avenue

Summary
Location and General Information
  • City: Indianapolis
  • County Or Parish: Marion
  • Directions: GPS Friendly
  • Postal Code: 46201
  • Postal Code Plus4: 2112
  • Road Access: Not Applic
  • State Or Province: IN
  • View: No
Taxes and HOA Information
  • Parcel Number: 491005153043000101
  • Semi Annual Property Tax Amt: 1156
  • Tax Year: 2023
  • TaxLot: 19
School Information
  • School District: Indianapolis Public Schools
Owner
  • Owner Pays: No Utilities
Property
Lot Information
  • Acreage: <1/4 Acre
  • Current Use: Apt<20
  • Lot Description: Not Applicable
  • Lot Size Square Feet: 6120.0
  • Lot Size Acres: 0.14
  • New Construction: False
  • Structure Type: Quadruplex
  • Year Built Numeric: 1910
  • Living Area Source: Assessor
Property and Assessments
  • Affected by Disclosures: No
  • Conversion: No
  • Legal Subdivision: Holtman & Topps Sub Hanna Hrs Add L19
  • Photos Count: 36
  • Property Attached: No
  • Property Sub Type: Fourplex
  • Property Type: Residential Income
  • Transaction Type: Sale
  • Web Link: www.546EasternAve.com
Green Features
  • Green Certification: No
Utilities
  • Solid Waste: No
Interior and Exterior Features
Exterior Features
  • Construction Materials: Aluminum Siding
  • Roof: Asphalt
Interior Features
  • Basement Description: Unfinished
  • Basement YN: Yes
  • Cooling: None
  • Heating: Forced Air
  • Levels: Two
  • Laundry Features: Connections All
Multi Family
Multi-Family Information
  • Total Units: 4
  • Garage Parking: On Street, Unpaved
Income & Expenses
  • Expenses: 0
  • Gross Income: $.00
Unit 1
  • Unit Kitchen: 10x10
  • Unit Levels: 1
  • Unit Miscellaneous: Lndry Conn,Range/Oven,Refrigrater
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Heat Forced
  • Unit Type Type: 1 Bedroom
Unit 2
  • Unit Kitchen: 10x10
  • Unit Levels: 1
  • Unit Miscellaneous: Lndry Conn,Range/Oven,Refrigrater
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Heat Forced
  • Unit Type Type: 1 Bedroom
Unit 3
  • Unit Kitchen: 10x10
  • Unit Levels: 1
  • Unit Miscellaneous: Lndry Conn,Range/Oven,Refrigrater
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Heat Forced
  • Unit Type Type: 1 Bedroom
Unit 4
  • Unit Kitchen: 10x10
  • Unit Levels: 1
  • Unit Miscellaneous: Lndry Conn,Range/Oven,Refrigrater
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Heat Forced
  • Unit Type Type: 1 Bedroom
Rental
Rental Information
  • Tenant Pays: All Utilities

Property History for 546 Eastern Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 546 Eastern Avenue

Taxable ValueLand$4,300Additions$258,500Total$262,800
Tax Record2023$6,234 ($519 / month)
Home Facts
Total Finished SqFt3,048 SqFtAbove Grade Finished SqFt3,048 SqFtStories2Lot Size6,120 SqFtStyleMulti-Family Dwelling (2-4)Year Built1910Year Renovated1980ZoningZO01CountyMARIONAPN49-10-05-153-043.000-101

Schools near 546 Eastern Avenue

This home is within Indianapolis Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Thomas D. Gregg School 15
PublicPK to 6

Arlington Community Middle School
Public7 to 8

Arsenal Technical High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Indpls Metro N

Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.