4826 E Michigan Street, Indianapolis, IN 46201

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4826 E Michigan Street,Indianapolis, IN 46201
$300,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Pending
Listed by: peter stewart
Office: keller williams indpls metro n
MLS#:22076946
Source:IN_MIBOR

Price summary

  • Price:$300,000

About this home

INVESTOR ALERT!! Located on a prominent corner lot in the Emerson Heights neighborhood, 4826 E Michigan St offers a strong, turnkey triplex opportunity in a stable yet appreciating near-eastside submarket. This townhome-style property features three spacious units, each approximately 925 sq ft, providing a desirable layout for long-term tenants. Unit one is a 2BR/1BA leased at $1,000/month through 7/31/26 with tenants paying electricity. Unit two is a 3BR/1BA leased at $1,150/month through 3/31/26, with tenants reimbursing $75/month for water. Unit three is a 2BR/1BA leased at $950/month through 9/30/26 and also reimburses $75/month for water. Electricity is separately metered and paid by tenants, supporting efficient operating expenses. With gross rents of $3,100 per month-well over the 1% rule-this property delivers immediate cash flow from day one, with additional upside as the surrounding area continues to improve. Emerson Heights sits adjacent to Historic Irvington and is less

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Home facts

  • Year built:1920
  • Listing ID #:22076946
  • Added:4 day(s) ago
  • Updated:December 22, 2025 at 11:38 PM

Structure and exterior

  • Roof:Asphalt
  • Year built:1920
  • Lot area:0.1 Acres

Finances and disclosures

  • Price:$300,000
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