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1213 Newman St, Indianapolis, IN, 46201

4beds
3baths
--sqft
$575,000
--price/sqft
$4,284/moest. monthly cost
$171,360/yrincome needed

About This Home

Recently renovated this quadplex offers an exceptional investment opportunity in one of the city's most desirable and rapidly developing locations. Each upper unit features 3 bedrooms and 2 full baths, while the two lower-level units offer 1 bedroom and 1 bath, creating an ideal mix of unit sizes for strong rental demand and income flexibility. The property has been updated with newer furnace systems, water heaters, modern finishes, and thoughtfully designed layouts throughout, leaving zero deferred maintenance for the next owner. Positioned near major employers, downtown access, and popular neighborhood amenities, this high-yield asset is surrounded by continued growth and development, making it a prime plug-and-play opportunity for investors seeking long-term appreciation and immediate cash flow.

Getting Around

75
WalkingVery Walkable
41
TransitSome Transit
93
BikeBiker's Paradise

Schools

4/10
1/10

Construction

Condition

  • Property condition: Updated/Remodeled
  • Year built: 1926

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family,Quadruplex

Interior

Appliances

  • Laundry features: Connections All,Laundry Room

Basement

  • Has basement: Yes
  • Basement: Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: None

Property

Details

  • Parcel number: 490731230051000101
  • Zoning: multi unit house 2-4 unit
  • Special condition: As Is

Features

  • Levels: Three Or More
  • Exterior features: Balcony
  • Has view: Yes
  • View description: Trees/Woods

Lot

  • Lot size: 5,227 sqft

Parking

  • Total spaces: 4
  • Parking features: Garage
  • Attached garage spaces: 4
  • Covered spaces: 4