For Sale16d on marketHistoric · 116 yrs
3539 N College Ave
Indianapolis, IN, 46205 • Mapleton-Fall Creek • Marion County
$550,000
Down payment assistance available
12Beds
4Baths
0.15 acLot
1910Built
Property DNA
Downtown Views
Downtown
Character Home
Built 1910 · 116 years of history
Hasselman Place
Mapleton-Fall Creek
This home is getting attention
Listed 16 days ago · 962 views · 70 saves
Market activity
Demand and pricing signals for this listing
962 views
People checking out this listing
70 saves
Buyers have saved this home
16 days on market
Recently listed
About this home
Multi Family · Built 1910 · Historic
INVESTMENT opportunity! Purchase this 4-plex individually or with the neighboring 4-plex for added scale - 8 doors! 2025 cap rate near 6%. Each unit offers 3 bedrooms, 1 full bath, and an in-unit washer/dryer, with a mix of main-floor and upper-level layouts. This, plus the neighboring 4-plex property, has seen nearly $180K in improvements, including a roof replacement (2020), LVP flooring throughout, and extensive interior updates to kitchens, baths, paint, and drywall. Add this income-producing asset to your portfolio today.
Estimated monthly payment
Based on current rates
$3,445/month
Principal & Interest$2,711
Property Tax$550
Insurance$183
Down payment20% ($110,000)
3%50%
Est. 6.26% rate · 30yr fixed · $440,000 loan
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At a glance
Key facts and listing details
TypeMulti Family, Quadruplex
Year Built1910
HeatingForced Air
CoolingWindow Unit(s)
ParkingAssigned
Days on Zillow16 Days
Property
Home typeMulti Family
Sub-typeMulti Family, Quadruplex
ConditionUpdated/Remodeled
Year built1910
Systems
HeatingForced Air
CoolingWindow Unit(s)
ConstructionVinyl Siding
Parking & Outdoor
ParkingAssigned
BasementUnfinished
Lot6,534 sqft
Location & Tax
NeighborhoodMapleton-Fall Creek
Annual tax$3,358
Parcel490624161042000101
Features & details
7 categories of property features
Interior Features
Heating
Forced Air
Cooling
Window Unit(s)
Laundry
Connections All
Laundry Room
Other
Exterior Features
Parking
Assigned
Construction
Vinyl Siding
Lot Features
Busline
Views
Downtown
Listing insights
Market data and value estimates
StatusFor Sale
Days on market16
Tax rate0.96%
On marketMar 23, 2026
PostedMar 23, 2026
Last sold$237,500
MLS statusActive
MLS updatedMar 25, 2026
Tour days9
Views962
Favorites70
How are the schools in Indianapolis?
3 schools rated nearby
Location
Indianapolis, IN, 46205
Price history
5 events
DateEventPrice$/sqftSource
Mar 23, 2026Listed For Sale$550,000—MIBOR as distributed by MLS GRID
Oct 15, 2020Sold$237,500—MIBOR as distributed by MLS GRID
Oct 7, 2009Sold$47,500—MIBOR as distributed by MLS GRID
Aug 23, 2009Listed For Sale$29,900—foreclosure.com
Apr 7, 2005Sold$79,000—MIBOR as distributed by MLS GRID
Listed For Sale$550,000
Mar 23, 2026•MIBOR as distributed by MLS GRID
Sold$237,500
Oct 15, 2020•MIBOR as distributed by MLS GRID
Sold$47,500
Oct 7, 2009•MIBOR as distributed by MLS GRID
Listed For Sale$29,900
Aug 23, 2009•foreclosure.com
Sold$79,000
Apr 7, 2005•MIBOR as distributed by MLS GRID
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
Based on information submitted to the MLS GRID as of 2026-04-09 04:32:46 PDT. 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. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)
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