2012 E Washington Street, Indianapolis, IN 46201

Indianapolis
Local realty services provided by:Better Homes and Gardens Real Estate Gold Key
2012 E Washington Street,Indianapolis, IN 46201
$949,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: max moore
Office: @properties
MLS#:22119986
Source:IN_MIBOR | Licensed in Indiana

Price summary

  • Price:$949,000

About this home

Eight units, all one bed one bath, fully leased and producing $9,170 a month from the closing table. No lease-up, no turn, no waiting. Rents run $1,130 to $1,175 and a quarter of the building already sits at the $1,175 market target, so the in-place number is real and it is supported. 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 $35,300 a year including taxes, insurance, maintenance, trash, pest and internet, which puts net operating income around $74,700 before debt on day one. 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 investment right now, with quick access to downtown, Fountain Square and Irvington. This is the stabilized...

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Home facts

  • Year built:1910
  • Subdivision & Development:State Plaza
  • Listing ID #:22119986
  • Added:43 day(s) ago
  • Updated:September 27, 2026 at 03:02 PM

Structure and exterior

  • Year built:1910
  • Lot area:0.12 Acres

Finances and disclosures

  • Price:$949,000
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