2438 E Washington Street, Indianapolis, IN 46201
Local realty services provided by:Better Homes and Gardens Real Estate Gold Key
2438 E Washington Street,Indianapolis, IN 46201
$325,000
- - 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:$325,000
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:94 day(s) ago
- Updated:November 02, 2026 at 11:35 AM
Rooms and interior
- Basement:Yes
- Basement Description:Basement
Structure and exterior
- Year built:1900
- Lot area:0.15 Acres
Finances and disclosures
- Price:$325,000
New listings near 2438 E Washington Street
- Coming Soon
$860,000Coming Soon4 beds 4 baths3,402 sq. ft.7101 N Pennsylvania Street, Indianapolis, IN 46240
MLS# 22127314Listed by: MAYWRIGHT PROPERTY CO. - Coming Soon
$360,000Coming Soon4 beds 3 baths3,982 sq. ft.1906 Crossman Drive, Indianapolis, IN 46227
MLS# 22134221Listed by: KELLER WILLIAMS INDPLS METRO N - Coming Soon
$650,000Coming Soon4 beds 3 baths2,445 sq. ft.4535 Central Avenue, Indianapolis, IN 46205
MLS# 22134314Listed by: @PROPERTIES - Coming Soon
$395,000Coming Soon4 beds 3 baths2,282 sq. ft.4512 Manning Road, Indianapolis, IN 46228
MLS# 22134154Listed by: ENCORE SOTHEBY'S INTERNATIONAL - Coming Soon
$1,950,000Coming Soon4 beds 5 baths4,144 sq. ft.5808 Central Avenue, Indianapolis, IN 46220
MLS# 22132207Listed by: F.C. TUCKER COMPANY - Coming Soon
$459,900Coming Soon3 beds 4 baths2,799 sq. ft.5141 E Pleasant Run Parkway South Drive, Indianapolis, IN 46219
MLS# 22134165Listed by: WEICHERT, REALTORS-TRALEE PROP - Coming Soon
$475,000Coming Soon4 beds 3 baths2,694 sq. ft.370 W 52nd Street, Indianapolis, IN 46208
MLS# 22129120Listed by: F.C. TUCKER COMPANY - Coming Soon
$269,900Coming Soon2 beds 2 baths1,440 sq. ft.10652 Medinah Drive #37, Indianapolis, IN 46234
MLS# 22134059Listed by: F.C. TUCKER COMPANY - Coming Soon
$719,000Coming Soon3 beds 4 baths4,112 sq. ft.9736 Shelbyville Road, Indianapolis, IN 46001
MLS# 22133438Listed by: F.C. TUCKER COMPANY - Coming Soon
$450,000Coming Soon2 beds 2 baths1,640 sq. ft.4000 N Meridian Street #14J, Indianapolis, IN 46208
MLS# 22131831Listed by: MAYWRIGHT PROPERTY CO.