2008 E Washington Street, Indianapolis, IN 46201

Indianapolis
Local realty services provided by:Better Homes and Gardens Real Estate Gold Key
2008 E Washington Street,Indianapolis, IN 46201
$949,500
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: max moore
Office: @properties
MLS#:22119985
Source:IN_MIBOR

Price summary

  • Price:$949,500

About this home

Eight units, all one bed one bath, on one of the most active corridors in Indianapolis. Six are leased today and bringing in $6,740 a month. The other two are vacant and turn-ready, no renovation required. Lease them at the $1,175 the building next door already gets and this property runs $9,400 a month, or $112,800 a year. That is the entire value-add, and it costs nothing but a lease-up. Every unit was renovated under current ownership. New flooring, fresh paint, updated fixtures, modern kitchens and bathrooms. Electronic locks on every door, so a turnover is not a rekey project. Seventeen months of seller actuals put operating expenses near $27,300 a year including taxes, insurance, maintenance, trash, pest and internet. Filled up, that is a net operating income around $79,900 before debt. Shared rear parking gives every tenant a space. Roof, electrical, plumbing and HVAC were all inspected at acquisition and the reports are available. East Washington is drawing real neighborhood...

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Home facts

  • Year built:1910
  • Subdivision & Development:State Plaza
  • Listing ID #:22119985
  • Added:1 day(s) ago
  • Updated:August 14, 2026 at 11:48 PM

Structure and exterior

  • Year built:1910
  • Lot area:0.12 Acres

Finances and disclosures

  • Price:$949,500
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