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517 N Oxford St

4 Unit Apartment Building $572,000 ($143,000/Unit) 9.81% Cap Rate Indianapolis, IN 46201

Executive Summary

This well-positioned four-plex, located just 5 minutes east of downtown, offers strong income potential with 100% occupancy. All four units are fully rented, providing consistent cash flow for the investor. The new owner can continue generating steady rental income while benefiting from the property's modern, low-maintenance construction. Recently constructed as 2-story apartments, the building also features an unpaved parking lot at the rear. A great addition to any investment portfolio.

Financial Summary (Actual - 2024) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $572,000
Price Per Unit $143,000
Sale Type Investment
Cap Rate 9.81%
Gross Rent Multiplier 9.16
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Building Size 3,600 SF
Average Occupancy 100%
No. Stories 2
Year Built 2024
Parking Ratio 1.11/1,000 SF

Amenities

  • Smoke Detector

Unit Amenities

  • Air Conditioning
  • Disposal
  • Washer/Dryer Hookup
  • Heating
  • Kitchen
  • Oven
  • Carpet

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1.5 4 $1,300 900

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
49-10-05-194-020.000-101
Land Assessment
$15,600 (2023)
Improvements Assessment
$0 (2023)
Total Assessment
$15,600 (2023)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024

zoning

Zoning Code D-8 (D-8 Multifamily)
D-8 (D-8 Multifamily)
  • Listing ID: 34383833

  • Date on Market: 1/6/2025

  • Last Updated:

  • Address: 517 N Oxford St, Indianapolis, IN 46201

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