2438 E Washington Street, Indianapolis, IN 46201
Local realty services provided by:CENTURY 21 Scheetz
2438 E Washington Street,Indianapolis, IN 46201
$354,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: kenneth hall
Office: real broker, llc.
MLS#:22117283
Source:IN_MIBOR | Licensed in Indiana
Price summary
- Price:$354,000
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....
Contact an agent
Home facts
- Year built:1900
- Subdivision & Development:No Subdivision
- Listing ID #:22117283
- Added:46 day(s) ago
- Updated:September 14, 2026 at 03:17 PM
Rooms and interior
- Basement:Yes
- Basement Description:Basement
Structure and exterior
- Year built:1900
- Lot area:0.15 Acres
Finances and disclosures
- Price:$354,000
New listings near 2438 E Washington Street
- New
$265,000Active3 beds 2 baths1,400 sq. ft.6039 Janel Circle, Indianapolis, IN 46237
MLS# 22125639Listed by: SIMPLIFY REAL ESTATE - New
$239,900Active3 beds 2 baths1,406 sq. ft.445 Belmar Avenue, Indianapolis, IN 46219
MLS# 22125885Listed by: 317REALTY.COM - New
$340,000Active3 beds 3 baths2,599 sq. ft.5146 Triple Crown Way, Indianapolis, IN 46237
MLS# 22125962Listed by: KELLER WILLIAMS INDY METRO PARTNERS - New
$474,900Active3 beds 2 baths1,483 sq. ft.5931 Carrollton Avenue, Indianapolis, IN 46220
MLS# 22125975Listed by: BEYCOME BROKERAGE REALTY LLC
$285,000Pending2 beds 2 baths2,139 sq. ft.545 E 37th Street, Indianapolis, IN 46205
MLS# 22123435Listed by: CRESTPOINT REAL ESTATE- New
$655,000Active-- beds -- baths880 Fletcher Avenue, Indianapolis, IN 46203
MLS# 22124218Listed by: @PROPERTIES - New
$90,000Active2 beds 2 baths1,012 sq. ft.10051 Penrith Drive, Indianapolis, IN 46229
MLS# 22125549Listed by: F.C. TUCKER COMPANY - New
$99,900Active-- beds -- baths1134 Blaine Avenue, Indianapolis, IN 46221
MLS# 22125913Listed by: PMI MIDWEST - New
$140,000Active4 beds 2 baths1,104 sq. ft.3635 Kinnear, Indianapolis, IN 46218
MLS# 22125934Listed by: EPIQUE INC - New
$504,000Active3 beds 2 baths3,210 sq. ft.5007 Edward Avenue, Jeffersonville, IN 47130
MLS# 2026011744Listed by: GREEN TREE REAL ESTATE SERVICES