1515 E Michigan Street, Indianapolis, IN 46201

Indianapolis
Local realty services provided by:Schuler Bauer Real Estate ERA Powered
1515 E Michigan Street,Indianapolis, IN 46201
$384,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: ashley mullin, ryan mullin
Office: fs houses llc.
MLS#:22091061
Source:IN_MIBOR | Licensed in Indiana

Price summary

  • Price:$384,000

About this home

1515 E Michigan St is a well-maintained 5-unit multifamily investment opportunity located just minutes from downtown Indianapolis. The property sits in a strong rental corridor near Holy Cross, Arsenal Heights, Cottage Home, and the Mass Ave corridor, with continued residential and commercial development throughout the surrounding area. The front building consists of four units, with a fifth unit created from a converted garage, offering a functional and efficient unit mix attractive to long-term tenants. The current owner has consistently maintained the property during their ownership, supporting stable operations and long-term tenant retention. The property is primarily tenant-occupied with two units currently available for immediate showings, offering flexibility for investors or owner-occupants. Strong rental demand and convenient access to downtown, major thoroughfares, and neighborhood amenities support long-term performance.

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Home facts

  • Year built:1910
  • Subdivision & Development:No Subdivision
  • Listing ID #:22091061
  • Added:53 day(s) ago
  • Updated:September 22, 2026 at 03:00 PM

Rooms and interior

  • Basement:Yes
  • Basement Description:Basement

Structure and exterior

  • Year built:1910
  • Lot area:0.15 Acres

Schools

  • High school:Arsenal Technical High School
  • Middle school:H L Harshman Middle School
  • Elementary school:Theodore Potter School 74

Finances and disclosures

  • Price:$384,000
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