408 N Oakland Avenue, Indianapolis, IN
$ 285,000
Property Attributes
  • MLS#21910490
  • TypeMulti-Family
  • CountyMARION
  • CityIndianapolis
  • AreaCenter NE
  • NeighborhoodWabnitz Resub
  • Zip46201
  • StyleContemporary
  • Year Built1918
  • Taxes$ 1896
  • Price$ 285,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size4,792 SqFt
Data Source:
Metropolitan Indianapolis MLS (MIBOR)
Property Description

CASH FLOW!!!!! Four studio apartments each with their own kitchen and bath. Two upper units rent at $860 per month guaranteed. Two main floor units rent for $225 per week and are self pay. All tenants are from VOA. Roof new in 015. HVAC new in 2022. Water heater new in 2022.

Price History
3/16/2023 Listed $285,000

General Features

Architectural Style Contemporary
City Indianapolis
Cooling None
County Marion
Current Financing NotApplicable
Current Use Apt>20, See Remarks
Days on Market 129
Directions From MIchigan head west from Sherman to Oakland. Turn south at Oakland go to house number on west side of street.
Heating Forced Air, Gas
Levels Two
Net Operating Income 22020
New Construction No
Ownerpays All Utilities
Possession Closing
Property Attached Y/N Yes
Property SubType Fourplex
Property Type Residential Income
Standard Status Active
Status Active
Street Name Oakland
Structure Type Quadruplex
Subdivision Name Wabnitz Resub
Tax Year 2021
Tenant Pays Rent Only
Total Units 4
Township Center NE
Year Built 1918
Zoning ZO01

Interior Features

Basement (Y/N) Yes
Street Suffix Avenue

Exterior Features

Lot Size Acres 0.11


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 46201

AVG $260K
AVG $2,032
AVG 72
Year Built
AVG 1920
AVG 57
Data Provided by Walkscore ® not using MLS data

Your Agent

Listed By
Bryan McCormick with Real Property Management, LLC;

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