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$999,999
2
beds
2
baths

1728 N Delaware Street
Indianapolis, Indiana 46202

New / MLS #22083456 / Multiple Unit (2-4) / Herron-Morton Place
Listing information updated 2/13/2026 at 4:46pm
Exceptional investment opportunity with this fully operational quadplex ideally positioned near downtown. This four-unit multifamily property has demonstrated strong short-term income performance under current ownership, offering both immediate cash flow and long-term appreciation potential. Located just moments from vibrant entertainment, popular dining destinations, and boutique retail, the property benefits from a highly desirable setting that consistently drives strong occupancy and rental demand. Easy access to major city streets and nearby highways makes this an attractive option for students, young professionals, and commuters alike. Each of the four units features its own private entrance, laundry connections, and modern updates throughout. Thoughtful improvements enhance functionality and appeal, while flexible layouts allow each unit to comfortably accommodate multiple occupants-maximizing rental potential. Whether you're expanding your portfolio or entering the multifamily space, this income-producing asset offers location, versatility, and proven performance in one of the city's most accessible corridors.
Architecture Style:
Craftsman
Exterior Type:
Wood Siding,Brick
Beds Above Grade:
2
Cooling System:
Central Air, Heat Pump, Window Unit(s)
Heating System:
Forced Air, Natural Gas
Pool:
No
Age:
76 Years
Roof Type:
Shingle
Parking Spaces:
2
Garage:
Garage - 2 Car(s)
Water Front:
No
Square Feet:
N/A
Lot Size:
0.14 Acres
Acreage:
0.14
Tax Amount:
N/A
Tax Year:
2024
Zip Code:
46202
City:
Indianapolis
County:
Marion
School District(s):
Indianapolis Public Schools
Elementary School:
Washington Irving Neighborhood School
Middle School:
N/A
High School:
Arsenal Technical High School

Listing Office: eXp Realty, LLC

Listing Office Phone: 888.611.3912

Disclaimer: The data relating to real estate for sale on this website comes courtesy of MIBOR REALTOR® Association as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 2/13/2026 at 4:46pm. 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.

Herron-Morton Place

Herron-Morton Place, IN

If you are looking for a new place to call home in Indianapolis, Herron-Morton Place is a great place to plant roots. Listed on the National Register of Historic Places, Herron-Morton Place offers a vibrant community with access to a variety of amenities, from local coffee shops and eateries to park...
$607,263
Average Sale Price
87
Average Days On The Market
94%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 1728 N Delaware Street, Indianapolis, IN 46202

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1728 N Delaware Street, Indianapolis, IN 46202 is a multiple unit (2-4) currently listed at $999,999. 1728 N Delaware Street features 2 Beds, 2 Baths. This multiple unit (2-4) has been listed on @properties IND since February 13th, 2026 and was built in 1950. Nearby schools include Washington Irving Neighborhood School and Arsenal Technical High School.

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At World Properties, LLC and its subsidiaries do not discriminate against the use of Housing Choice Vouchers. Se Aceptan Vales de Elección de Vivienda.
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