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$495,000

1602 E Vermont St Indianapolis, IN 46201

0.1 acres
Multi-Family

Property details

About 1602 E Vermont St

Excellent investment opportunity! This well-maintained four-unit property features a solid brick exterior and long-term tenant history, with potential to support higher rental rates. Unit 1 is a spacious 2-bedroom, 1-bath unit with 1,225 sq ft, central air, and a private washer/dryer. Unit 2 offers 1 bedroom, 1 bath, and 884 sq ft. Unit 3 includes 2 bedrooms, 1 bath, and 827 sq ft. Unit 4 is an efficiency unit. Units 2-4 share access to a washer and dryer located in the basement. Gross annual income is $39,240. See attachment for full lease details and property information.

Highlights

Home typeQuadruplex
HeatingNatural Gas
StatusActive
CoolingWindow Unit(s)
BasementYes
Lot size0.12 Acres
Year built1910
MLS #22046613

Summary

  • Basement: Yes
  • Architectural Style: TraditonalAmerican
  • Heating: Natural Gas
  • Cooling: Window Unit(s)
  • List Price: $495,000
  • Annual Tax Amount: $6,489
  • Tax Year: 2023
  • Directions: GPS Friendly
  • Year Built: 1910
  • Lot Size: 0.12 Acres
  • MLS Number: 22046613
  • MLS Name: MIBOR
  • Office Name: F.C. Tucker Company
  • Office Email: mike.miller@talktotucker.com
  • Listing Agent: Michael Miller

IDX Listings courtesy of MIBOR Broker Listing Cooperative® as distributed by 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. Properties displayed may be listed or sold by various participants in the MLS.

DMCA Notice

Copyright ©2025 MIBOR REALTOR® Association. All rights reserved. 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 Broker Listing Cooperative listing service. All information provided is deemed reliable but is not guaranteed and should be independently verified. All data is obtained from various sources and may not have been verified by broker or Broker Listing Cooperative listing service. 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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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/19/2025, 11:46:27 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Price information

Property sales

We're sorry, we currently don't have property sales data for this listing.

Tax history

YearAssessmentProperty Tax
2023$273,600$6,489
2022$216,600$5,113
2021$195,700$4,582
2020$197,900$4,647
2019$191,400$4,736
2018$193,500$2,688
2017$187,400$2,494

History based on county public records data.

Nearby schools

9

Paramount Cottage Home

Public Charter KG-4

0.4 mi

1203 E Saint Clair St

4

Thomas D. Gregg Elementary School 15

Public District PK-6

0.6 mi

2302 E Michigan St

3

Theodore Potter Magnet Elementary School 74

Public District KG-6

0.6 mi

1601 E 10th St

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $30,244. The most common annual income of people living in Indianapolis, IN is less than $<35k. Residents typically live in single, no kids family. Typical level of education for residents in this area is high school diploma.

How much money do the neighbors make?

55%
<35k
34%
35k-100k
7%
100k-200k
4%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

61%
Single, No Kids
13%
Single, with Kids
16%
Married, No Kids
10%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

13%
<11 yrs old
5%
12-17 yrs old
32%
18-34 yrs old
43%
35-64 yrs old
7%
65+ yrs old

What do the neighbors do for fun?

  • SoccerSoccer
  • Pro BoxingPro Boxing
  • Continuing Education CoursesContinuing Education Courses

Where do the neighbors shop?

  • Forever 21Forever 21
  • BurlingtonBurlington
  • Express/Express For MenExpress/Express For Men

Where do the neighbors go to eat?

  • Dominos PizzaDominos Pizza
  • PopeyesPopeyes
  • QdobaQdoba

What do the neighbors drive?

  • MazdaMazda
  • DodgeDodge
  • VolkswagenVolkswagen

What do the neighbors listen to?

  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
  • Urban ContemporaryUrban Contemporary
  • AlternativeAlternative
All data provided by Home Junction and Claritas

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Frequently asked questions

About 1602 E Vermont St

The listing price of 1602 E Vermont St property is $495,000.

The property 1602 E Vermont St is a multi located in Indianapolis, Indiana, 46201.

Active Listing: 1602 E Vermont St is For Sale (Active/New) which means the seller is accepting offers.

The nearby schools for 1602 E Vermont St are: Paramount Cottage Home (GreatSchools Rating 9/10), Thomas D. Gregg Elementary School 15 (GreatSchools Rating 4/10), Theodore Potter Magnet Elementary School 74 (GreatSchools Rating 3/10), URBAN ACT Academy School 14 (GreatSchools Rating 2/10), H. L. Harshman Magnet Middle School (GreatSchools Rating 3/10), Longfellow STEM Magnet Middle School (GreatSchools Rating 5/10), Arsenal Technical High School (GreatSchools Rating 1/10), Purdue Polytechnic High School (GreatSchools Rating 2/10), Herron High School (GreatSchools Rating 9/10).

According to the records, the last property tax for 2023 is $6,489 (source: MLS/based on county public records data).

The year of construction for 1602 E Vermont St is 1910.

This home is located at 1602 E Vermont St in Indianapolis, IN and zip code 46201 in the Near Eastside neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since June 24, 2025 and is currently priced at $495,000.

In June 2025, from all listings sold in Indianapolis, IN there were more than 266 sold above asking price, over 527 sold below and more than 276 were sold right at the asked price. The number of listings in Indianapolis, IN decreased by 0.2% between May and June 2025. In June 2025 median list price was $251,183 and the average listing age was 31 days.

From Rocket Homes Real Estate and based on county public records data.

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