#22046971, Alexandria Heygood, Listing office: Highgarden Real Estate
Property details
About 3818 Central Ave
This STR portfolio is comprised of four properties totaling 16 rentable units. This is a quadplex with 4 units. Current ownership has demonstrated strong short-term income potential. Near downtown locations and boutique finishes drive high occupancy and opportunities for increased revenue with a combination of STR and MTR. Conversion to townhomes/condos or LTR as well as development of included green space to add units offer multiple investment strategies.
Highlights
Home typeQuadruplex
StatusActive
BasementYes
Lot size0.2 Acres
Year built1920
MLS #22037069
Summary
- Basement: Yes
- Architectural Style: Traditional
- List Price: $700,000
- Annual Tax Amount: $3,885
- Tax Year: 2023
- Directions: GPS Friendly
- Year Built: 1920
- Lot Size: 0.2 Acres
- MLS Number: 22037069
- MLS Name: MIBOR
- Office Name: Gardner Property Group
- Listing Agent: Cory Gardner
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.
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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: 7/20/2025, 11:31:27 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Aug 26, 2022 | Home Sold | $670,000 |
| Jul 10, 2012 | Home Sold | $62,000 |
| Jan 25, 2011 | Home Sold | $55,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $163,800 | $3,885 |
| 2022 | $91,600 | $2,162 |
| 2021 | $84,300 | $1,952 |
| 2020 | $84,300 | $1,999 |
| 2019 | $79,900 | $2,012 |
| 2018 | $79,900 | $1,752 |
| 2017 | $77,600 | $1,648 |
History based on county public records data.
Nearby schools
4
Louis B Russell Jr School 48
Public Charter KG-6
0.4 mi
•3445 Central Ave
3
Kipp Indy Unite Elementary School
Public Charter KG-5
1.5 mi
•1740 E 30th St
2
Tindley Genesis Academy
Public Charter KG-6
1.8 mi
•4020 Meadows Pkwy
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $71,667. Most Indianapolis, IN residents have annual incomes less than $<35k. Residents typically live in single, no kids family. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
38%
<35k
17%
35k-100k
36%
100k-200k
9%
200k+
What level of education do the neighbors have?
No High School
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
50%
Single, No Kids
8%
Single, with Kids
23%
Married, No Kids
19%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
15%
<11 yrs old
5%
12-17 yrs old
19%
18-34 yrs old
49%
35-64 yrs old
12%
65+ yrs old
What do the neighbors do for fun?
Symphony or Opera
Minor League Baseball Games
Major League Soccer (MLS)
Where do the neighbors shop?
Chico's
New York & Company
Banana Republic
Where do the neighbors go to eat?
Boston Market
Chick-fil-A
Sonic
What do the neighbors drive?
Volvo
Kia
Infiniti
What do the neighbors listen to?
Talk/Personality
Urban Contemporary
Active Rock
All data provided by Home Junction and Claritas
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Frequently asked questions
About 3818 Central Ave
The listing price of 3818 Central Ave property is $700,000.
The property 3818 Central Ave is a multi located in Indianapolis, Indiana, 46205.
Active Listing: 3818 Central Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 3818 Central Ave are: Louis B Russell Jr School 48 (GreatSchools Rating 4/10), Kipp Indy Unite Elementary School (GreatSchools Rating 3/10), Tindley Genesis Academy (GreatSchools Rating 2/10), James W. Riley Elementary School 43 (GreatSchools Rating 3/10), IPS Butler University Laboratory School 60 (GreatSchools Rating 4/10), Center For Inquiry School 70 (GreatSchools Rating 5/10), Shortridge High School (GreatSchools Rating 2/10), Charles a Tindley Accelerated School (GreatSchools Rating 4/10), Herron High School (GreatSchools Rating 9/10).
According to the records, the last property tax for 2023 is $3,885 (source: MLS/based on county public records data).
The last sale was on August 26, 2022 for $670,000 (source: MLS/tax record).
The year of construction for 3818 Central Ave is 1920.
This home is located at 3818 Central Ave in Indianapolis, IN and zip code 46205 in the Meridian Kessler neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since May 16, 2025 and is currently priced at $700,000.
In June 2025 more than 266 listings in Indianapolis, IN were sold above the asking price. During the same period more than 276 listings were sold at asking price, while more than 527 were sold below. In June 2025 in Indianapolis, IN there were 0.2% less homes for sale than in May. While the average time on the market in June 2025 was 31 days, the median list price was $251,183.
From Rocket Homes Real Estate and based on county public records data.