2438 E Washington Street, Indianapolis, IN 46201
Local realty services provided by:Schuler Bauer Real Estate ERA Powered
2438 E Washington Street,Indianapolis, IN 46201
$359,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: kenneth hall
Office: real broker, llc.
MLS#:22117283
Source:IN_MIBOR
Price summary
- Price:$359,000
About this home
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....
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Home facts
- Year built:1900
- Subdivision & Development:No Subdivision
- Listing ID #:22117283
- Added:10 day(s) ago
- Updated:August 09, 2026 at 03:02 PM
Rooms and interior
- Basement:Yes
- Basement Description:Basement
Structure and exterior
- Year built:1900
- Lot area:0.15 Acres
Finances and disclosures
- Price:$359,000
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