775 - 777 N Smith Road

Solid All-Brick Fourplex with Strong Rental History Prime Location in East side off of 10th St. Ideally located just 6 minutes from IU Kelley Business School and 5 minutes from the IU Academic Medical Research Center and new IU Regional Hospital. A campus bus stop is directly across the street, and an elementary school sits just East of the corner of Smith & 10th Streetmaking this a highly convenient and desirable rental location. Well-maintained all-brick fourplex offering stable income and significant recent upgrades. Improvements include a new HVAC system (2020), new stone landscaping (2023), and a fully remodeled and furnished Unit 2 (2023). Units 2, 3, and 4 feature new sliding doors. In 2025, both the interior and exterior sewer systems were completely updated for added peace of mind. Nuflow Plumbing Company provides a 5 year warranty (to 2030.) The property boasts an excellent rental history, with rental permit secured through 9/19/2028. Current leases provide strong occupancy: Units 1 & 2 leased through 7/31/2027, and Units 3 & 4 leased through 7/31/2026. Landlord currently covers water, sewer, trash, electricity, and gas.