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$550,000
12
beds
4
baths

3539 N College Avenue
Indianapolis, Indiana 46205

Active / MLS #22089150 / Multiple Unit (2-4) / Mapleton / Fall Creek - Indianapolis
Listing information updated 3/25/2026 at 3:06pm
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.
Architecture Style:
Split Level
Exterior Type:
Vinyl Siding
Basement:
Unfinished
Beds Above Grade:
12
Cooling System:
Window Unit(s)
Heating System:
Forced Air
Pool:
No
Age:
116 Years
Square Feet:
N/A
Lot Size:
0.15 Acres
Acreage:
0.15
Tax Amount:
N/A
Tax Year:
2024
Zip Code:
46205
City:
Indianapolis
County:
Marion
School District(s):
Indianapolis Public Schools
Elementary School:
N/A
Middle School:
N/A
High School:
N/A

Listing Office: @properties

Listing Office Phone: 317.513.4251

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 3/25/2026 at 3:06pm. 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.

$289,808
Average Sale Price
92
Average Days On The Market
92%
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 3539 N College Avenue, Indianapolis, IN 46205

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3539 N College Avenue, Indianapolis, IN 46205 is a multiple unit (2-4) currently listed at $550,000. 3539 N College Avenue features 12 Beds, 4 Baths. This multiple unit (2-4) has been listed on @properties IND since March 20th, 2026 and was built in 1910.

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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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