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About This Home

This 0-bedroom, 0-bathroom residential multi family at 1213 N Newman Street in Indianapolis, IN is listed for $499,900. Built in 1926, on a 0.12 acres lot.

Agent Description

Recently renovated this quadplex offers an exceptional investment opportunity in one of the city's most desirable and rapidly developing locations. Each upper unit features 3 bedrooms and 2 full baths, while the two lower-level units offer 1 bedroom and 1 bath, creating an ideal mix of unit sizes for strong rental demand and income flexibility.

The property has been updated with newer furnace systems, water heaters, modern finishes, and thoughtfully designed layouts throughout, leaving zero deferred maintenance for the next owner. Positioned near major employers, downtown access, and popular neighborhood amenities, this high-yield asset is surrounded by continued growth and development, making it a prime plug-and-play opportunity for investors seeking long-term appreciation and immediate cash flow.

Key Features

  • Built in 1926
  • 0.12 acre lot
  • 3 stories

Property Details

3 stories
1926

Monthly Cost Estimate

$2,674/mo

20% down · 6.5% · 30 years

Principal$362
Interest$2,166
Insurance$146

Estimates only. Actual payments may vary.

Location

1213 N Newman Street

Indianapolis, IN 46201

No Subdivision

Features & Amenities

Exterior Features

Balcony

Property Details

Heating

Forced Air

Questions & Answers

This 0-bedroom, 0-bathroom residential multi family at 1213 N Newman Street is listed at $499,900. The estimated monthly payment is $2,166 based on 20% down at 6.5% interest.

Key features include: Built in 1926, 0.12 acre lot, 3 stories. Exterior Features: Balcony.

This property is listed by Hayley Wild and can be reached at (317) 563-5051 or hayley.wild@compass.com.

HW

Hayley Wild

Agent at Compass Indiana, LLC

(317) 563-5051

Listed by Compass Indiana, LLC · View on Broker Site

MLS# 22107230· Source: listhub· Updated 14 days ago

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1213 N Newman Street, Indianapolis, IN 46201

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