# 3539 N College Avenue, Indianapolis, IN 46205

> **TL;DR:** multi-family, $550,000, built 1910.
> Basement. Est. $2,383/mo. Listed 21 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $550,000 |
| Year Built | 1910 |
| Lot Size | 6,534 sqft (0.15 acres) |
| Stories | 1 |
| Property Type | Multi-Family (Quadruplex) |
| Status | For Sale |
| Days on Market | 21 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $2,383 |
| **Total** | **$2,383** |

## Key Amenities

- Basement

## Property Highlights

- Built in 1910
- 0.15 acre lot

## Description

### Agent Description
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.

## Location

- **Address:** 3539 N College Avenue, Indianapolis, IN 46205
- **County:** Marion
- **Neighborhood:** Hasselman Place
- **Coordinates:** 39.820629, -86.144649
- **Google Maps:** https://www.google.com/maps?q=39.820629,-86.144649

## Listing Agent

- **Name:** Kristin Glassburn
- **Brokerage:** @properties
- **Phone:** 3175134251
- **Email:** kris@atpropertiesind.com

## Primary Photo

![3539 N College Avenue - Primary Photo](http://lh.rdcpix.com/4c7c7e268f2073c2c6498f6b5c544c46l-f2123905760r.jpg)

*35 total photos available on [listing page](https://www.propertysimple.com/listing/3539-n-college-avenue-indianapolis-in-46205-22089150)*

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**MLS#:** 22089150 | **Updated:** 2026-04-24
**Source:** listhub

*Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/3539-n-college-avenue-indianapolis-in-46205-22089150)

---

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