For Sale16d on marketHistoric · 146 yrs
537 E 11th St
Indianapolis, IN, 46202 • Downtown • Marion County
$699,900
Down payment assistance available
1Beds
1Baths
0.12 acLot
1880Built
Property DNA
Victorian Style
Built 1880 · 146 years of history
Cosbys Sub Ovis Butlers 1st Add
Downtown
This home is getting attention
Listed 16 days ago · 1,313 views · 60 saves
Market activity
Demand and pricing signals for this listing
1,313 views
People checking out this listing
60 saves
Buyers have saved this home
16 days on market
Recently listed
Selling Soon Prediction
ModerateThis home ranks in the top 48% of listings most likely to go under contract soon, based on market activity and demand signals.
Likelihood score
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About this home
Multi Family · Built 1880 · Historic
Location! Location! Location! Cash flow. Upside. This quadruplex sits just two blocks from the hottest area of downtown Indy, near Mass Ave and minutes from the vibrant Bottleworks District-placing tenants within walking distance of some of downtown Indianapolis' best dining, entertainment, and nightlife. The property offers an ideal blend of stability and flexibility, with current rents ranging from $1,500-$1,850 per unit. The unit mix includes long-term tenants, furnished rentals, and clear potential to expand into short-term rentals for increased yield. Renovated in 2024, the building features refreshed flooring throughout, updated appliances, and modernized interiors with a clean, turnkey feel. Furnished units are included in the sale, providing immediate income without additional capital investment. Whether you're looking for a strong performing asset today or a value-add play with STR upside, this is a rare opportunity in one of Indianapolis' most sought-after rental corridors. Broker-owned property.
Standout features identified
Our analysis highlights updated appliances and refreshed flooring throughout as key attractions of this home.
Estimated monthly payment
Based on current rates
$4,565/month
Principal & Interest$3,632
Property Tax$700
Insurance$233
Down payment20% ($139,980)
3%50%
Est. 6.75% rate · 30yr fixed · $559,920 loan
Full calculator →At a glance
Key facts and listing details
TypeMulti Family, Quadruplex
Year Built1880
HeatingNatural Gas
CoolingSeparate Meters
Parking2 Covered Parking spaces
Days on Zillow16 Days
Property
Home typeMulti Family
Sub-typeMulti Family, Quadruplex
StyleVictorian
Year built1880
Stories2
Systems
HeatingNatural Gas
CoolingSeparate Meters
ConstructionBrick, Wood Siding
Parking & Outdoor
ParkingDetached
Garage2 spaces
BasementExterior Entry
FencingFenced,Partial,Front Yard
Lot5,227 sqft
Location & Tax
NeighborhoodDowntown
ZoningMulti
Annual tax$11,226
Parcel490636143001000101
Features & details
8 categories of property features
Interior Features
Heating
Natural Gas
Cooling
Separate Meters
Laundry
Common Laundry
Exterior Features
Exterior
Balcony
Parking
Detached
Construction
Brick
Wood Siding
Lot Features
Sidewalks
Street Lights
Security
Smoke Detector(s)
Listing insights
Market data and value estimates
StatusFor Sale
Days on market16
Tax rate0.96%
On marketMar 23, 2026
PostedMar 23, 2026
Last sold$625,000
MLS statusActive
MLS updatedMar 25, 2026
Tour days9
Views1,313
Favorites60
How are the schools in Indianapolis?
3 schools rated nearby
Location
Indianapolis, IN, 46202
Price history
21 events
DateEventPrice$/sqftSource
Mar 23, 2026Listed For Sale$699,900—MIBOR as distributed by MLS GRID
Mar 15, 2024Sold$625,000—MIBOR as distributed by MLS GRID
Feb 11, 2024Pending Sale$645,000—MIBOR as distributed by MLS GRID
Jan 4, 2024Listed For Sale$645,000—MIBOR as distributed by MLS GRID
Jan 4, 2024Listing Removed——MIBOR as distributed by MLS GRID
Jan 2, 2024Listed For Sale$645,000—MIBOR as distributed by MLS GRID
Oct 10, 2023Pending Sale$645,000—MIBOR as distributed by MLS GRID
Sep 28, 2023Listed For Sale$645,000—MIBOR as distributed by MLS GRID
Jul 1, 2022Listing Removed——MIBOR as distributed by MLS GRID
Apr 19, 2022Listed For Sale$670,000—MIBOR as distributed by MLS GRID
Apr 6, 2022Pending Sale$670,000—MIBOR as distributed by MLS GRID
Mar 22, 2022Price Change$670,000—MIBOR as distributed by MLS GRID
Feb 15, 2022Listed For Sale$720,000—MIBOR as distributed by MLS GRID
Sep 1, 2021Listing Removed——Zillow Rental Network Premium
Aug 19, 2021Listed For Rent$1,000—Zillow Rental Network Premium
Dec 3, 2020Listing Removed$1,000—Plat Collective
Nov 11, 2020Price Change$1,000—Plat Collective
Sep 3, 2020Listed For Rent$1,100—Plat Collective
Oct 22, 2019Sold$416,500—MIBOR as distributed by MLS GRID
Sep 12, 2019Pending Sale$429,000—Carpenter Realtors, Inc.
Sep 4, 2019Listed For Sale$429,000—Carpenter Realtors, Inc.
Listed For Sale$699,900
Mar 23, 2026•MIBOR as distributed by MLS GRID
Sold$625,000
Mar 15, 2024•MIBOR as distributed by MLS GRID
Pending Sale$645,000
Feb 11, 2024•MIBOR as distributed by MLS GRID
Listed For Sale$645,000
Jan 4, 2024•MIBOR as distributed by MLS GRID
Listing Removed—
Jan 4, 2024•MIBOR as distributed by MLS GRID
Listed For Sale$645,000
Jan 2, 2024•MIBOR as distributed by MLS GRID
Pending Sale$645,000
Oct 10, 2023•MIBOR as distributed by MLS GRID
Listed For Sale$645,000
Sep 28, 2023•MIBOR as distributed by MLS GRID
Listing Removed—
Jul 1, 2022•MIBOR as distributed by MLS GRID
Listed For Sale$670,000
Apr 19, 2022•MIBOR as distributed by MLS GRID
Pending Sale$670,000
Apr 6, 2022•MIBOR as distributed by MLS GRID
Price Change$670,000
Mar 22, 2022•MIBOR as distributed by MLS GRID
Listed For Sale$720,000
Feb 15, 2022•MIBOR as distributed by MLS GRID
Listing Removed—
Sep 1, 2021•Zillow Rental Network Premium
Listed For Rent$1,000
Aug 19, 2021•Zillow Rental Network Premium
Listing Removed$1,000
Dec 3, 2020•Plat Collective
Price Change$1,000
Nov 11, 2020•Plat Collective
Listed For Rent$1,100
Sep 3, 2020•Plat Collective
Sold$416,500
Oct 22, 2019•MIBOR as distributed by MLS GRID
Pending Sale$429,000
Sep 12, 2019•Carpenter Realtors, Inc.
Listed For Sale$429,000
Sep 4, 2019•Carpenter Realtors, Inc.
Tax history
23 years of records
YearTax paidAssessed value
Apr 9, 2024$11,222$473,100
Apr 9, 2023$9,368$473,100
Apr 9, 2022$8,379$396,800
Apr 9, 2021$7,834$363,200
Apr 9, 2020$4,455$338,300
Apr 9, 2019$2,821$250,700
Apr 9, 2018$2,601$174,500
Apr 9, 2017$2,585$172,900
Apr 9, 2016$2,522$172,900
Apr 9, 2014$2,361$163,800
Apr 9, 2013$2,479$163,800
Apr 9, 2012$2,479$161,800
Apr 9, 2011—$121,800
Apr 9, 2010$1,861$121,800
Apr 9, 2009$1,872$121,800
Apr 9, 2007—$121,800
Apr 9, 2006—$155,200
Apr 9, 2005—$155,800
Apr 9, 2004—$155,800
Apr 9, 2003—$155,800
Apr 9, 2002—$47,800
Apr 9, 2001—$15,930
Apr 9, 2000—$15,930
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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Based on information submitted to the MLS GRID as of 2026-04-09 05:07:47 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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