2008 / 2012 E Washington Street, Indianapolis, IN 46201

Indianapolis
Local realty services provided by:Better Homes and Gardens Real Estate Gold Key
2008 / 2012 E Washington Street,Indianapolis, IN 46201
$1,899,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: max moore
Office: @properties
MLS#:22098301
Source:IN_MIBOR

Price summary

  • Price:$1,899,000

About this home

A 16-unit building bringing in $15,910 a month with another $2,890 sitting on the table once you fill the two vacant units. Two side-by-side 8-unit buildings at 2008 and 2012 E Washington, sold together as one package. Every unit is a one-bed, one-bath layout, fully renovated under current ownership. New flooring, fresh paint, updated fixtures, modern kitchens and bathrooms. Electronic locks on every door, so turnovers don't turn into a rekey project. Fourteen units are leased today. Rents run from $1,060 to $1,175, with most around $1,130. Stabilized at $1,175 across all 16, the property produces $18,800 a month, or $225,600 a year. Two of the eight units in 2008 are vacant and turn-ready. Lease them up and that upside is yours, no renovation required. The expense side is clean. Seventeen months of seller actuals show operating expenses averaging about $5,041 a month, or just over $60,000 a year. Insurance is one blanket policy across both buildings. Trash, pest, internet, and taxes...

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Home facts

  • Year built:1910
  • Subdivision & Development:State Plaza
  • Listing ID #:22098301
  • Added:93 day(s) ago
  • Updated:July 31, 2026 at 04:28 PM

Rooms and interior

  • Basement:Yes
  • Basement Description:Basement

Structure and exterior

  • Year built:1910
  • Lot area:0.12 Acres

Finances and disclosures

  • Price:$1,899,000
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