1444 Oliver Avenue

Indianapolis, IN 46221

$115,000
Last Sold Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Located down the street from Lucas Oil Stadium, The White River, and a large parcel owned by IEDC that appears to be being redeveloped. This property has a total of six revenue generating apartments. The 2nd floor is a 2 bedroom apartment that is rented for $300 per month. The two bedroom unit would make a great location for the property manager/owner. There is an office unit that gets $300 per month. There are 4 other efficiency apartments that each generate $250 per month in gross rent. There is...Located down the street from Lucas Oil Stadium, The White River, and a large parcel owned by IEDC that appears to be being redeveloped. This property has a total of six revenue generating apartments. The 2nd floor is a 2 bedroom apartment that is rented for $300 per month. The two bedroom unit would make a great location for the property manager/owner. There is an office unit that gets $300 per month. There are 4 other efficiency apartments that each generate $250 per month in gross rent. There is a large oversized 2 car detached garage in back. An addition was built on the front of the garage giving you even more dry storage. There is tons of dry storage for business equipment and this location is conveniently a block from I70. Become a landlord and get storage for your business. This place is an investors dream. The current owner has kept rents low and there is certainly room to raise them closer to market levels. Schedule your showing today!

Listing Agents

  1. Jason DeArman

    Jason DeArman

    Listing Agent

    Compass

    jason.dearman@compass.com

    P: (317)-223-6590

  2. Kara Dearman

    Kara Dearman

    Alternative Listing Agent

    Compass

    kara.dearman@compass.com

    P: (317)-201-0814

Property Details for 1444 Oliver Avenue

Architectural Style
TraditonalAmerican
Subdivision Name
Clark & Osgoods
Township
Center
Waterfront
No
Zoning
Commercial
LISTING UPDATED: 10/21/2024 01:56 PM

Property Details for 1444 Oliver Avenue

StatusClosed
MLS #22004126
Days on Market5
Taxes$1,190 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Fourplex
Year Built1939
Lot Size0.11 AC / 4,791 SF
CountyMarion County

Building Information for 1444 Oliver Avenue

Stories-Residences6Year Built1939Building Size-Lot Size0.11 AC / 4,791 SF

Property Information for 1444 Oliver Avenue

Summary
Location and General Information
  • City: Indianapolis
  • County Or Parish: Marion
  • Directions: GPS Friendly
  • Postal Code: 46221
  • Postal Code Plus4: 1265
  • Road Access: Frontage Road
  • Road Frontage Type: City Street
  • State Or Province: IN
  • View: No
Taxes and HOA Information
  • Parcel Number: 491110144030000101
  • Semi Annual Property Tax Amt: 1190
  • Tax Exemption: None
  • Tax Year: 2023
  • TaxLot: 118
School Information
  • School District: Indianapolis Public Schools
Owner
  • Owner Pays: All Utilities
Property
Lot Information
  • Acreage: <1/4 Acre
  • Building Information: Other
  • Current Use: Apt<20
  • Lot Description: Sidewalks, Storm Sewer, Street Lights
  • Lot Size Square Feet: 4860.0
  • Lot Size Acres: 0.11
  • New Construction: False
  • Possible Use: Apt<20
  • Structure Type: FreeStand
  • Year Built Numeric: 1939
  • Living Area Source: Assessor
Property and Assessments
  • Affected by Disclosures: No
  • Conversion: Yes
  • DPRYN: No
  • Legal Subdivision: Clark & Osgoods 1st W Indpls Add L118
  • Photos Count: 35
  • Property Attached: No
  • Property Sub Type: Fourplex
  • Property Type: Residential Income
  • Road Surface Type: Asphalt
  • Transaction Type: Sale
  • Buyer Financing: Cash
  • Property Condition: Fixer
Green Features
  • Green Certification: No
Utilities
  • Building Utilities: Sewer
  • Solid Waste: Yes
Interior and Exterior Features
Exterior Features
  • Construction Materials: Aluminum Siding, Block
  • Foundation Details: Concrete Perimeter
  • Roof: Asphalt
  • Fencing: Fence Full Rear
Interior Features
  • Basement Description: Cellar
  • Basement YN: Yes
  • Cooling: Window Unit(s)
  • Heating: Forced Air, Gas
  • Levels: Two
  • Laundry Features: No Laundry Facil.
Multi Family
Multi-Family Information
  • Total Units: 6
  • Garage Parking: 2 Car Garage
Income & Expenses
  • Expenses: 805
  • Net Operating Income: $795.00
  • Gross Income: $1,600.00
Unit 1
  • Unit Kitchen: 100
  • Unit Levels: 1
  • Unit Miscellaneous: Other
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Cl Wind Unit
  • Unit Type Type: Manager's Unit
Unit 2
  • Unit Kitchen: 200
  • Unit Levels: 1
  • Unit Miscellaneous: Eat In Kitchen,Range/Oven,Refrigrater
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Cl Wind Unit
  • Unit Type Type: 2 Bedroom
Unit 3
  • Unit Kitchen: 150
  • Unit Levels: 1
  • Unit Miscellaneous: Eat In Kitchen,Range/Oven,Refrigrater
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Cl Wind Unit
  • Unit Type Type: Efficiency
Unit 4
  • Unit Kitchen: 150
  • Unit Levels: 1
  • Unit Miscellaneous: Eat In Kitchen,Range/Oven,Refrigrater
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Cl Wind Unit
  • Unit Type Type: Efficiency
Unit 5
  • Unit Kitchen: 150
  • Unit Levels: 1
  • Unit Miscellaneous: Eat In Kitchen,Range/Oven,Refrigrater
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Cl Wind Unit
  • Unit Type Type: Efficiency
Unit 6
  • Unit Kitchen: 150
  • Unit Levels: 1
  • Unit Miscellaneous: Eat In Kitchen,Range/Oven,Refrigrater
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Cl Wind Unit
  • Unit Type Type: Efficiency

Property History for 1444 Oliver Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1444 Oliver Avenue

Taxable ValueLand$10,200Additions$115,500Total$125,700
Tax Record2023$2,982 ($248 / month)
Home Facts
Total Finished SqFt3,590 SqFtAbove Grade Finished SqFt3,590 SqFtStories2Lot Size4,860 SqFtStyleMulti-Family Res (5+ Units)Year Built1939CountyMARIONAPN49-11-10-144-030.000-101

Schools near 1444 Oliver Avenue

This home is within Indianapolis Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 9 to 12
Public - 7 to 8
Rating
School
Distance
William Penn School 49
PublicPK to 8

Arsenal Technical High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.