$700,000

3818 Central Ave Indianapolis, IN 46205

$8,313
Closing credit¹
0.2 acres
Multi-Family

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: TraditonalAmerican
  • 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
  • Office Email: Cory@CallGPG.com
  • Listing Agent: Cory Gardner

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.

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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Last updated on: 5/27/2025, 11:46:26 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Get an agent. Get a mortgage. Save big.¹

3818 Central Ave, Indianapolis, IN 46205 - view of front of house featuring brick siding

$700,000

3818 Central Ave

$8,313

closing credit¹

Sell your home with Rocket and save even more!

Seller rebate

0.5% sale price²

Price information

Property sales

DateEventPrice
Aug 26, 2022
Home Sold
$670,000
Jul 10, 2012
Home Sold
$62,000
Jan 25, 2011
Home Sold
$55,000

Tax history

YearAssessmentProperty 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.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $71,667. Typical income of Indianapolis, IN residents is less than $<35k annually. Residents typically live in single, no kids family. Residents of this area typically 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 OperaSymphony or Opera
  • Minor League Baseball GamesMinor League Baseball Games
  • Major League Soccer (MLS)Major League Soccer (MLS)

Where do the neighbors shop?

  • Chico'sChico's
  • New York & CompanyNew York & Company
  • Banana RepublicBanana Republic

Where do the neighbors go to eat?

  • Boston MarketBoston Market
  • Chick-fil-AChick-fil-A
  • SonicSonic

What do the neighbors drive?

  • VolvoVolvo
  • KiaKia
  • InfinitiInfiniti

What do the neighbors listen to?

  • Talk/PersonalityTalk/Personality
  • Urban ContemporaryUrban Contemporary
  • Active RockActive Rock
All data provided by Home Junction and Claritas

Similar homes for sale

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 April 2025 more than 246 listings in Indianapolis, IN were sold above the asking price. During the same period more than 253 listings were sold at asking price, while more than 546 were sold below. Between March and April 2025, Indianapolis, IN real estate market has seen increase in the number of listings by 4.9%. While the average time on the market in April 2025 was 41 days, the median list price was $250,031.

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

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