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6107 W 25th Street

Indianapolis, IN 46224

– beds
– baths
– sqft
12,415 sqft lot
1961 build

Fantastic investment opportunity! This turnkey, fully rented all-brick 4-plex in Speedway offers solid cash flow and long-term value. The property generates $48,720 annual gross income across four spacious 2 bed/1 bath units leased at $1,075, $995, $995, and $995. Tenants cover utilities, while the owner pays for water/sewer (~$120/month) and trash (~$125/month). Each unit is separately metered with its own furnace and central AC (three replaced in 2017, 2018, and 2025), with baseboard heaters as backup. Recent upgrades include a new roof (2017), windows (2018), asphalt driveway (2022), and carpet/LVP flooring in common areas (2023), all units recently updated ensuring a turn-key investment property. Dedicated carports for each unit and in-unit laundry add tenant appeal. Estimated annual expenses total $21,609, yielding a projected NOI of $27,111 and a 6.0% cap rate. Located minutes from Speedway attractions, major highways, dining, and shopping, this property is in a high-demand rental market with strong tenant appeal and future appreciation potential. Don't miss this prime investment opportunity!

Listing courtesy of MIBOR / No Limit Real Estate, LLC

Last checked: Checking… • Last updated May 6, 2025 •

MLS# 22036400 —

The Building

Year Built:

1961
New Construction:

false
Construction Materials:

Brick
Architectural Style:

TraditonalAmerican
Levels:

Two
Basement:

false
Foundation Details:

Slab
Security Features:

Smoke Alarm
Green Certification:

No
Building Information:

Storage
Gross Area SqFt:

4424

Interior

Laundry Features:

Connections Some

Location

Directions:

GPS Friendly
Latitude:

39.801433
Longitude:

-86.267012

The Property

View:

true
Property Type:

Residential Income
Property Subtype:

Fourplex
Parcel Number:

490525105006000914
Acres:

1/4-1/2 Acre
Lot Features:

Access, Busline, Sidewalks, Street Lights
Lot Size Acres:

0.29
Lot Size SqFt:

12,415 Sqft
Price Per Acre:

1551724
Structure Type:

Quadruplex, Apartment Building
Current Use:

Apt<20
Possible Use:

Apt<20
Road Access:

Not Applic
Road Frontage Type:

City Street
Road Surface Type:

Concrete

Listing Agent

Contact info:

Taxes

Tax Lot:

49-05-25-105-006.000-914
Tax Year:

2024
Semi Annual Property Tax Amt:

3799

Utilities

Building Utilities:

Sewer,Water
Solid Waste:

Yes

Schools

High School District:

Indianapolis Public Schools

The Community

Subdivision Name:

No Subdivision
Amenities:

Car Port or Storage Area

Parking

Parking:

Covered,Paved Area,1 Car Space
Parking Features:

Asphalt
Carport Spaces:

4

Extra Units

# of Units Total:

4

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
5/5/25 May 5, 2025	Listed / Active	MIBOR	$450,000	121.7% (17.6% / YR)
6/1/18 Jun 1, 2018		MIBOR	$203,000

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This multifamily located in West Side Indianapolis, Speedway, IN 46224 is currently for sale for $450,000. 6107 W 25th Street is a – square foot multifamily with – beds and – baths. 6107 W 25th Street is in the West Side Indianapolis neighborhood of Speedway and has a WalkScore® of 72, making it very walkable. This multifamily is in the attendance area of Speedway Junior High School and Speedway Senior High School.

Listing Courtesy of: MIBOR and No Limit Real Estate, LLC.

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