1728 N Delaware Street Indianapolis, IN 46202
Listing Courtesy of: MIBOR / eXp Realty, LLC

  1728 N Delaware Street Indianapolis, IN 46202

Pending (268 Days)
$849,990 (USD)

Description

Exceptional investment opportunity with this fully operational quadplex ideally positioned near downtown. This four-unit multifamily property has demonstrated strong short-term income performance under current ownership, offering both immediate cash flow and long-term appreciation potential. Located just moments from vibrant entertainment, popular dining destinations, and boutique retail, the property benefits from a highly desirable setting that consistently drives strong occupancy and rental demand. Easy access to major city streets and nearby highways makes this an attractive option for students, young professionals, and commuters alike. Each of the four units features its own private entrance, laundry connections, and modern updates throughout. Thoughtful improvements enhance functionality and appeal, while flexible layouts allow each unit to comfortably accommodate multiple occupants-maximizing rental potential. Whether you're expanding your portfolio or entering the multifamily space, this income-producing asset offers location, versatility, and proven performance in one of the city's most accessible corridors.

MLS #:
22083456
Taxes
$5,549(2024)
Lot Size
6,200 SQFT
Type
Multifamily
Year Built
1950
School District
Indianapolis Public Schools
County
Marion County
Community
Center

Listed By

James Gilday, eXp Realty, LLC
Source
MIBOR
Last checked Mar 24 2026 at 6:46 AM GMT+0000
Bathroom Details
Subdivision
  • Allen & Roots North
Heating and Cooling
  • Forced Air
  • Natural Gas
  • Heat Pump
  • Window Unit(s)
  • Central Air
Exterior Features
  • Brick
  • Wood Siding
  • Roof: Shingle
School Information
  • High School: Arsenal Technical High School
Stories
  • 2

Listing Price History

Date
Event
Price
% Change
$ (+/-)
Mar 10, 2026
Price Changed
$849,990
-11%
-$99,910
Feb 26, 2026
Price Changed
$949,900
-5%
-$50,099
Feb 13, 2026
Listed
$999,999
-
-
Location
   
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
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Interest rate
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Mortgage calculator estimates are provided by C21 Scheetz and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Copyright 2023 Metropolitan Indianapolis Board of Realtors (MIBOR). All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 7/20/23 06:55