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Listed by Kenneth Hall • Real Broker, LLC
$359,000
Est. payment /mo
6,534 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision No Subdivision
MLS Listing ID 22117283
Year Built 1900
Tax Year 2025
Lot Size 6,534 Sqft
Acres 0.15
Property Sub-Type Quadruplex
Property Description
Check out this investment opportunity in Indianapolis' Eastside! This four-unit multifamily property at 2438 E. Washington Street offers immediate income potential with one unit currently leased at $850 per month and three additional units vacant and rent-ready, providing the perfect opportunity for an owner-operator or investor to place tenants at current market rates. The property features one bed units with two units on the main level and two units on the upper level. Residents enjoy in-unit air conditioning, on-site laundry facilities, off-street parking, and owner-operator enjoys the convenience of a dedicated basement mechanical room for streamlined maintenance and operations. Located along the East Washington Street corridor, this property provides easy access to downtown Indianapolis, major employers, public transportation, and nearby amenities. Tenants will appreciate proximity to the vibrant neighborhoods of Irvington and Downtown Indianapolis, along with quick access to shopping, dining, parks, entertainment, and major commuter routes including I-70 and I-65. Whether you're looking to expand your portfolio or acquire a value-add asset with immediate upside, this quadplex offers the rare combination of existing cash flow, vacancy-driven income growth, and a highly accessible location.
Location
State IN
County Marion
Interior
Fireplace N
Building
Story Two
New Construction false
Schools
School District Indianapolis Public Schools
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