Description

Turnkey 6-unit multifamily offered at $290,000. Six studio units with stable tenants and consistent in-place rents. Current monthly gross: $4,207 ($50,484 annually). Rents include three units at $680/month, one at $340 biweekly ($737/month), one at $300 biweekly ($650/month), and one at $180/week (~$780/month). Owner currently pays utilities. Estimated annual expenses: ~$7,056. Approximate NOI: $43,428. Strong return profile with solid in-place income. Buyer to verify all financials. Off-street parking. Located on Washington Street with access to shopping and public transportation. Stabilized, income-producing asset with consistent cash flow. No showings without accepted offer. Do not disturb tenants.

Address

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Address: 3614 E Washington Street
City: Indianapolis
State/county: IN
Zip/Postal Code: 46201

Details

Updated on April 13, 2026 at 7:03 pm

Property ID 22042720
Price $290,000
Property Size 2288 Sqft
Land Area 0.28 Acres
Garage Size x x
Year Built 1925
Property Type Multi-Family 5+, Commercial Sale
Property Status Active

Additional details

Utilities Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected
Cooling None
Heating Forced Air
County Marion
Property Type Commercial Sale
Parking None

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Contact Information

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Preeti Chaggar
+15109262125WhatsApp

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