3614 E Washington Street, Indianapolis, IN 46201

Local realty services provided by:Better Homes and Gardens Real Estate Gold Key
3614 E Washington Street,Indianapolis, IN 46201
$310,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: tasheana hanza
Office: hanza realty, llc.
MLS#:22045368
Source:IN_MIBOR

Price summary

  • Price:$310,000

About this home

Turnkey 6-unit multifamily opportunity on Washington Street offered at $310,000. This well-maintained property features six studio-style units with strong in-place rents and solid tenants. Current monthly gross rent totals $4,207, broken down as follows: three units at $680/month, one at $340 biweekly ($737/month), one at $300 biweekly ($650/month), and one at $180/week (~$780/month). Annual gross income totals $50,484. The owner currently pays all utilities - gas, electric, water, sewer, and trash. Average monthly expenses are approximately $588, with annual expenses estimated at $7,056. Financials reflect a projected NOI of $43,428, delivering a strong 14.01% cap rate at the $310,000 price point. With 20% down, investors can anticipate an estimated cash-on-cash return of approximately 36%, based on projected annual cash flow of roughly $22,000+ after debt service (subject to lender terms). The property offers excellent off-street parking and sits in a prime growth corridor,

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Home facts

  • Year built:1925
  • Listing ID #:22045368
  • Added:253 day(s) ago
  • Updated:February 25, 2026 at 02:49 AM

Structure and exterior

  • Year built:1925
  • Lot area:0.28 Acres

Finances and disclosures

  • Price:$310,000
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