5000 Southeastern Ave

—
Baths
12,156 Sq. Ft.
$54 / Sq. Ft.
12,156
Sq. Ft.
$54
per Sq. Ft.

Description

Real estate remains the most proven path to long-term wealth - and stabilized, income-producing multifamily assets are where disciplined investors create predictable returns. This 12-unit mix of studios and 1 bedroom property offers immediate cash flow and long-term upside, currently producing a strong 8.1% cap rate with professional property management in place - or an impressive 9.2% cap rate for an owner who chooses to self-manage. Historically fully occupied, the asset has demonstrated consistent...Real estate remains the most proven path to long-term wealth - and stabilized, income-producing multifamily assets are where disciplined investors create predictable returns. This 12-unit mix of studios and 1 bedroom property offers immediate cash flow and long-term upside, currently producing a strong 8.1% cap rate with professional property management in place - or an impressive 9.2% cap rate for an owner who chooses to self-manage. Historically fully occupied, the asset has demonstrated consistent rental growth with renewals averaging $20-$25 annual increases, reinforcing both tenant satisfaction and reliable income expansion. The seller has implemented extensive capital improvements and spared no expense to protect the asset and enhance tenant retention. Upgrades include new front and rear entry doors, seven security cameras, two new water heaters, four new furnaces, a new coating on the flat portion of the roof, updated gutters, fascia boards, and soffits. Several units feature new flooring, updated lighting, and refreshed cabinetry. All 12 units are efficient studio layouts with full kitchens and private bathrooms, meeting strong workforce housing demand. An additional room presents a value-add opportunity and could potentially be converted into a 13th unit for increased income. Operational continuity is already in place. One tenant currently receives discounted rent in exchange for assisting with on-site management duties, and established exterior maintenance vendors are set for a smooth transition. All tenants are current, making this a true turnkey investment. Strategically positioned near the I-465 and I-74 interchange, just north of Beech Grove and a short drive to downtown Indianapolis, the property benefits from excellent commuter access and sustained rental demand within the Indianapolis metro. This is a stabilized, cash-flowing multifamily asset with strong returns today and expansion potential tomorrow. Tenant rights apply.
  1. Listed by Annie Scott • F.C. Tucker Company
    P: (317)-843-7766 C: (317)-902-8622 Annie.Scott@talktotucker.com

Property Details for 5000 Southeastern Avenue

Township
Center
Zoning
D3
LISTING UPDATED: 05/12/2026 08:20 AM

Property Details for 5000 Southeastern Avenue

StatusActive
MLS #22085914
Days on Market67
Taxes$3,168 semi-annually
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeCommercial Sale / Multi-Family 5+
Year Built-
Lot Size0.39 AC / 16,988 SF
CountyMarion County

Location

Listing Courtesy of F.C. Tucker Company
Add your commute

Building Information for 5000 Southeastern Avenue

Stories-Residences12Year Built-Building Size-Lot Size0.39 AC / 16,988 SF

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$3,826 per month

30 year fixed, 6.46% Interest

Principal and Interest

$3,298

Property Taxes

$528

HOA Dues

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Property Information for 5000 Southeastern Avenue

Summary
Location and General Information
  • City: Indianapolis
  • County Or Parish: Marion
  • Directions: GPS Friendly
  • Postal Code: 46203
  • Postal Code Plus4: 3764
  • State Or Province: IN
Taxes and HOA Information
  • Parcel Number: 491016112001000101
  • Semi Annual Property Tax Amt: 3168
  • Tax Year: 2024
  • TaxLot: Unknown
School Information
  • Elementary School: Christian Park School 82
  • High School: Arsenal Technical High School
  • School District: Indianapolis Public Schools
Property
Lot Information
  • Acreage: 1/4-1/2 Acre
  • Current Use: Comm Mul Ten
  • Lot Size Square Feet: 16800.0
  • Lot Size Acres: 0.39
  • New Construction: False
  • Space Available: 12156
  • Sq Ft Total: 12156.0
  • Living Area Source: Assessor
Property and Assessments
  • Affected by Disclosures: No
  • DPRYN: No
  • Legal Subdivision: Days Southeastern L47
  • Photos Count: 38
  • Property Sub Type: Multi-Family 5+
  • Property Type: Commercial Sale
  • Transaction Type: Sale
Utilities
  • Utilities: Electricity Connected
Multi Family
Multi-Family Information
  • Total Units: 12
Unit 1
  • Unit Kitchen: 15x13
  • Unit Levels: 2
  • Unit Rent Frequency: Monthly
  • Unit Type Type: Studio
Unit 2
  • Unit Kitchen: 17x18
  • Unit Levels: 2
  • Unit Rent Frequency: Monthly
  • Unit Type Type: 1 Bedroom
Unit 3
  • Unit Kitchen: 16x6
  • Unit Levels: 1
  • Unit Rent Frequency: Monthly
  • Unit Type Type: Studio
Unit 4
  • Unit Kitchen: 13x14
  • Unit Levels: 1
  • Unit Rent Frequency: Monthly
  • Unit Type Type: 1 Bedroom
Unit 5
  • Unit Kitchen: 15x13
  • Unit Levels: 2
  • Unit Rent Frequency: Monthly
  • Unit Type Type: Studio
Unit 6
  • Unit Kitchen: 13x8
  • Unit Levels: 1
  • Unit Rent Frequency: Monthly
  • Unit Type Type: 1 Bedroom
Unit 7
  • Unit Kitchen: 8x8
  • Unit Levels: 1
  • Unit Rent Frequency: Monthly
  • Unit Type Type: Studio
Unit 8
  • Unit Kitchen: 14x15
  • Unit Levels: 1
  • Unit Rent Frequency: Monthly
  • Unit Type Type: 1 Bedroom
Unit 9
  • Unit Kitchen: 12x13
  • Unit Levels: 1
  • Unit Rent Frequency: Monthly
  • Unit Type Type: 1 Bedroom
Unit 10
  • Unit Kitchen: 15x13
  • Unit Levels: 1
  • Unit Rent Frequency: Monthly
  • Unit Type Type: Studio
Unit 11
  • Unit Kitchen: 14x12
  • Unit Levels: 1
  • Unit Rent Frequency: Monthly
  • Unit Type Type: 1 Bedroom
Unit 12
  • Unit Kitchen: 15x16
  • Unit Levels: 2
  • Unit Rent Frequency: Monthly
  • Unit Type Type: 1 Bedroom

Property History for 5000 Southeastern Avenue

DateEvent & SourcePriceAppreciation
Apr 9, 2026

Price Change

MIBORMLS #22085914

$655,000—
Mar 11, 2026

Listed (Active)

MIBORMLS #22085914

$687,000—
Feb 7, 2022

Sold (Public Record)

Public Record #1510546696

$590,000—
DateEvent & SourcePrice
04/09/2026

Price Change

MIBORMLS #22085914

$655,000
03/11/2026

Listed (Active)

MIBORMLS #22085914

$687,000
02/07/2022

Sold (Public Record)

Public Record #1510546696

$590,000

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

Public Records for 5000 Southeastern Avenue

Taxable ValueLand$38,600Additions$228,400Total$267,000
Tax Record2024$6,336 ($528 / month)
Home Facts
Total Finished SqFt12,156 SqFtAbove Grade Finished SqFt12,156 SqFtStories2Lot Size16,800 SqFtStyleMulti-Family Res (5+ Units)Year Built1950ZoningZO01CountyMARIONAPN49-10-16-112-001.000-101

Schools near 5000 Southeastern Avenue

This home is within Indianapolis Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - PK to 5
Public - PK to 5
Public - PK to 5
Rating
School
Distance
Ralph Waldo Emerson School 58
PublicPK to 5

Frederick Douglass School 19
PublicPK to 5

William McKinley School 39
PublicPK to 5

Christian Park School 82
PublicPK to 5

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

5000 Southeastern Avenue is a multi-family home for sale in Indianapolis, IN 46203. This property was listed for sale on March 11, 2026 by F.C. Tucker Company, it's currently listed at $655,000. It has been on the market for a total of 67 days and was last sold on February 7, 2022. This listing's school district is Indianapolis Public Schools. Nearby schools include Ralph Waldo Emerson School 58, Frederick Douglass School 19 and William McKinley School 39. 5000 Southeastern Avenue is a 0-bed, 0-bath, 12,156 sqft multi-family home.

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, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of F.C. Tucker Company

Based on information submitted to the MLS GRID as of 05/12/2026 08:20 AM. 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. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.