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4811 E Michigan Street, Indianapolis, IN 46201

Indianapolis
Local realty services provided by:CENTURY 21 Scheetz
4811 E Michigan Street,Indianapolis, IN 46201
$250,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Pending
Listed by: justin wade
Office: blk key realty
MLS#:22073146
Source:IN_MIBOR

Price summary

  • Price:$250,000

About this home

Investor opportunity in Indianapolis with strong cash flow and upside. Two units currently occupied with 2 units vacant and ready to lease; Both unit needs light TLC, offering value-add potential. Fully occupied rents project approx. $3,300/month, exceeding the 1% rule. All tenants are month-to-month, providing flexibility for rent increases or repositioning. Separately metered units with tenants paying utilities keep expenses low. Lower level offers potential for additional storage, laundry, or future unit. Ideal for new or seasoned investors seeking a stabilized asset with upside.

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Home facts

  • Year built:1925
  • Listing ID #:22073146
  • Added:29 day(s) ago
  • Updated:March 26, 2026 at 07:28 PM

Rooms and interior

  • Basement:Yes
  • Basement Description:Basement

Structure and exterior

  • Year built:1925
  • Lot area:0.14 Acres
  • Construction Materials:Vinyl Siding
  • Foundation Description:Block

Utilities

  • Water:Water
  • Sewer:Sewer

Finances and disclosures

  • Price:$250,000
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