$290,000
4811 E Michigan Street
Welcome to 4811 E Michigan Street. Turn-key cash flow in the heart of Indy! This income-producing 4-unit property offers the opportunity to bringing in approx. $3,300/month when fully occupied, exceeding the coveted 1% rule and offering instant return from day one. All tenants are month-to-month, giving a buyer immediate flexibility whether to continue cash-flowing or reposition rents for even greater returns. Each unit is separately metered, and tenants pay their own utilities, keeping operating expenses low. The lower level offers the potential for a fifth unit, additional storage or separate laundry area for the tenants. This home is perfect for new or seasoned investors alike a rare opportunity to own a stabilized, cash-flowing asset with built-in upside in Indianapolis.
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Map to 4811 E Michigan Street, Indianapolis, IN 46201
MLS #
22073146
Date Listed
2025-11-13
Status
Active
Property Type
Multi-Family/Apartments
Property SubType
Quadruplex
New Construction
No
Style
Traditional
Type
Quadruplex
Year Taxes Payable
2024
Year Built
1925
Days on Market
24
Additional
Design
Traditional
External Features
Construction
Quadruplex
Lot Size
6,000 sq ft
Acreage
0.14 Acres
Fence
None
Location
Area
Marion
County
Marion
Subdivision
Layman & Carey
Township
Center
City
Indianapolis
State
IN
Zip
46201
Schools
School District
Indianapolis Public Schools
Financial
Assoc. Dues
$0.00
| MLS # | 22073146 |
|---|---|
| Date Listed | 2025-11-13 |
| Status | Active |
| Property Type | Multi-Family/Apartments |
| Property SubType | Quadruplex |
| New Construction | No |
| Style | Traditional |
| Type | Quadruplex |
| Year Taxes Payable | 2024 |
| Year Built | 1925 |
| Days on Market | 24 |
| Design | Traditional |
|---|
| Construction | Quadruplex |
|---|---|
| Lot Size | 6,000 sq ft |
| Acreage | 0.14 Acres |
| Fence | None |
| Area | Marion |
|---|---|
| County | Marion |
| Subdivision | Layman & Carey |
| Township | Center |
| City | Indianapolis |
| State | IN |
| Zip | 46201 |
| School District | Indianapolis Public Schools |
|---|
| Assoc. Dues | $0.00 |
|---|
MLS# 22073146
IDX information provided by the MIBOR REALTOR® Association.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
Listing Provided Courtesy of Justin Wade
BLK Key Realty
JustinWadeRealty@gmail.com
Listing updated November 15, 2025 at 4:40 pm
Last checked 12 minutes ago
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