Sold767d on marketHistoric · 101 yrs
3716 E Market St
Indianapolis, IN, 46201 • Near Eastside • Marion County
$240,000
$162/sqft
4Beds
4Baths
1,480Sqft
0.13 acLot
1925Built
Property DNA
City Views
City
Character Home
Built 1925 · 101 years of history
Market activity
Demand and pricing signals for this listing
34 views
People checking out this listing
767 days on market
Established listing
$162/sqft
Price per square foot
About this home
Multi Family · Built 1925 · Historic
General Investment Overview: 3716-3718 E Market St, Indianapolis, IN 46201 Historic Near Eastside Quadplex for Savvy Investors: 1925-built fourplex in rising Indianapolis 46201 zip—prime multifamily opportunity with Section 8/VA subsidy draw, blending classic charm and rental income potential in gentrifying Cottage Home area Balanced Layout with Expansion Ready: 1,480 sq ft above-grade in 4x 1BR/1BA units + full 1,480 sq ft unfinished basement for easy BR adds—ideal BRRRR or cash-flow play in high-demand Eastside multifamily market 50% Leased for Quick Cash Flow: Front units at $2,200/mo ($26,400/yr); back vacant units lease fast at $1,100–$1,200/unit excl. utils, hitting $4,400–$4,800/mo total ($52,800–$57,600/yr) after minor tweaks Low-Rehab Path to Strong Returns: $5K–$10K cosmetics (paint, appliances) + $10K–$16K basement BRs (1/side) = $344K–$365K all-in; targets 18–24% ROI, 10–12% cap rates in booming Indy rentals ARV $420K–$450K on Solid Comps: Backed by 2025 sales like $400K duplex (June, 1,456 sq ft, 0.57mi), $312K (Jan, 1,401 sq ft, 0.42mi); recent July fourplex listing at $500K (0.1mi) signals upward trajectory DSCR-Friendly with Utility Upside: $37K–$43K NOI yields 1.45–1.60 DSCR (20% down, 7.5% rate); $2K sub-meters enable tenant-paid utils, low $1,960/yr taxes boost recession-proof appeal Investor Must-Have Perks: Absentee-owned, clean title, walkable to Emerson Heights—fits 1031s, DSCR loans, or portfolio growth in Indianapolis' hottest multifamily corridor For more info go to my website: REIOFFER.NET (view all inventory) Call or Text: 317-610-9834
Estimated monthly payment
Based on current rates
$1,581/month
Principal & Interest$1,261
Property Tax$240
Insurance$80
Down payment20% ($48,000)
3%50%
Est. 6.88% rate · 30yr fixed · $192,000 loan
Full calculator →At a glance
Key facts and listing details
TypeMultiFamily
Year Built1925
HeatingForced air, Other, Electric
Parking4 Parking spaces
Property
Home typeMulti Family
Year built1925
Systems
HeatingForced air, Other, Electric
RoofAsphalt
ConstructionFrame
Parking & Outdoor
ParkingGarage - Detached
BasementUnfinished
Lot5,662 sqft
Location & Tax
NeighborhoodNear Eastside
Annual tax$1,767
Parcel491005133003000101
Bathrooms & Fees
Full baths4
Features & details
7 categories of property features
Interior Features
Appliances
Range / Oven
Refrigerator
Flooring
Linoleum / Vinyl
Heating
Forced air
Other
Electric
Exterior Features
Exterior
Vinyl
Parking
Garage - Detached
Construction
Frame
Views
City
Room details
4 rooms detailed
Walk In Closet
Family Room
Laundry Room
Pantry
Listing insights
Market data and value estimates
StatusSold
Days on market767
Est. rent$1,140/mo
Tax rate0.96%
Price/sqft$162
Last sold$240,000
Tour days6
Views34
How are the schools in Indianapolis?
3 schools rated nearby
Location
Indianapolis, IN, 46201
Price history
7 events
DateEventPrice$/sqftSource
Feb 20, 2026Listing Removed——Owner
Nov 22, 2025Listed For Sale$365,000$247Owner
Oct 2, 2025Listing Removed$339,000$229MIBOR as distributed by MLS GRID
May 30, 2025Price Change$339,000$229MIBOR as distributed by MLS GRID
May 9, 2025Listed For Sale$349,000$236MIBOR as distributed by MLS GRID
Mar 1, 2024Sold$240,000$162Public Record
Jun 7, 2023Sold$86,500$58Public Record
Listing Removed—
Feb 20, 2026•Owner
Listed For Sale$365,000
Nov 22, 2025•$247/sqft•Owner
Listing Removed$339,000
Oct 2, 2025•$229/sqft•MIBOR as distributed by MLS GRID
Price Change$339,000
May 30, 2025•$229/sqft•MIBOR as distributed by MLS GRID
Listed For Sale$349,000
May 9, 2025•$236/sqft•MIBOR as distributed by MLS GRID
Sold$240,000
Mar 1, 2024•$162/sqft•Public Record
Sold$86,500
Jun 7, 2023•$58/sqft•Public Record
Tax history
16 years of records
YearTax paidAssessed value
Apr 8, 2024$1,767$82,600
Apr 8, 2023$1,827$74,500
Apr 8, 2022$1,313$77,400
Apr 8, 2021$732$56,900
Apr 8, 2020$690$30,700
Apr 8, 2019$669$28,400
Apr 8, 2018$646$27,200
Apr 8, 2017$628$26,600
Apr 8, 2016$524$24,400
Apr 8, 2014$468$20,900
Apr 8, 2013$539$22,500
Apr 8, 2012$539$22,800
Apr 8, 2011—$21,000
Apr 8, 2010$459$21,000
Apr 8, 2009$466$21,000
Apr 8, 2007—$13,400
Nearby homes
Neighborhood details
Local context around this listing
Indianapolis, IN • Marion County
Nearby neighborhoods
Chapel Hill-Ben DavisDowntownEagledaleEast WarrenFar EastsideGarden CityNear EastsideSnacks-Guion CreekSouth FranklinSouth Perry
Nearby cities
Beech GroveCumberlandIndianapolisLawrenceSouthportSpeedway
Nearby zip codes
46203462174621946220462224622446226462274623746254
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