$439,999

5115 Banbury Road, Indianapolis, IN 46226

  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1960
  • Property Lot Size Icon0.51acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 5 days ago

Property Description

Income-Producing Quadplex Located in Marion County, this all-brick quadplex presents an outstanding value-add investment opportunity. Two of the four units are currently leased at 1,100 per month, providing immediate income, while the remaining two units are vacant and ready for rehab. This setup allows an investor to earn revenue from day one while renovating the vacant units to their own design, standards, and rent targets. The property sits on an expansive 21,998 square foot lot, offering potential for additional improvements and long-term growth. With solid brick construction and spacious layouts, the building provides a durable foundation for increasing rental income and overall property value. This property is well-positioned for tenant appeal, with easy access to major commuter routes, schools, shopping, and everyday conveniences. It's just minutes from downtown Indianapolis, making it an ideal location for renters seeking affordability and accessibility. For an investor seeking both immediate returns and future upside, this property checks all the boxes. The combination of existing leases, renovation potential, and location strength make this an excellent candidate for portfolio growth or 1031 exchange acquisition. This is a prime opportunity to acquire a stable income property with built-in upside-earn while you improve and set your rents to current market levels once renovations are complete. No showing until 11/11/25. After that date, the two vacant units are available to view at any time. The two tenant-occupied units require a minimum of 48 hours' notice.

Listing Status:
Active
Listing Office:
Berkshire Hathaway Home : 317-331-8496
Listing Agent:
Todd Burton : 317-331-8496
MLS ID:
22072412
  • Basement: Unfinished
  • Style: Traditional
  • General: Traditional
  • Originating MLS: mibor
  • School District: Indianapolis Public Schools
  • County: Marion
  • Zoning: ResidentialDevington Acres 2nd Sec 0.505Ac Tract 102490711102052000401
  • Current Use: Residential
  • Source: mibor

This listing courtesy of Todd Burton, Berkshire Hathaway Home

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

R

Robert Lee Frost Elementary School 106

5301 Roxbury Rd, Indianapolis, IN, 46226

Grades PK-6

0.62 miles away

A

Arlington Middle School

120 E Walnut St, Indianapolis, IN, 46204

Grades 7-8

0.29 miles away

T

Thrival Academy

1500 E Michigan St, Indianapolis, IN, 46201

Grades 9-9

0.29 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.