5334 E Washington Street, Indianapolis, IN 46219
  • $415,000
  • $440,000

Description

Rare 5-unit multi-family investment opportunity in the desirable Irvington area! Ideally located on Washington Street, this property has a strong history of 100% occupancy and offers excellent upside potential. Each unit features 1 bed and 1 bath, with all units remodeled and updated. All leases are month-to-month, allowing for immediate rent increases to meet market rates. Tenants pay electricity; owner covers water, sewer, and gas. Each unit offers private covered porch or deck areas, and the property provides ample private parking in the rear. Property includes two 92% gas furnaces (2018), a gas water heater (2012), and refrigerators and stoves furnished by the seller, all newer within the last 10 years. The roof and decking have durable 30-year shingles. One unit is currently vacant and available for showings. Conveniently located near shops, dining, parks, and commuter routes, this is a rare opportunity to own a well-maintained, income-producing property in a high-demand area.

  • Address: 5334 E Washington Street
  • City: Indianapolis
  • State/county: IN
  • Zip/Postal Code: 46219

Details

Updated on March 24, 2026 at 6:51 pm
  • Property ID 22067095
  • Price $415,000
  • Land Area 0.25 Acres
  • Garages 4
  • Garage Size x x
  • Year Built 1930
  • Property Type Quadruplex, Residential Income
  • Property Status Closed

Additional details

  • Roof Shingle
  • Heating Forced Air
  • County Marion
  • Property Type Residential Income
  • Architectural Style Traditional

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Preeti Chaggar

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