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  • Property Type
  • Quadruplex, Residential Income
  • Sqft
  • Area Size
Withdrawn
1515 E Michigan Street, Indianapolis, IN 46201
  • $384,000

Description

1515 E Michigan St is a well-maintained 5-unit multifamily investment opportunity located just minutes from downtown Indianapolis. The property sits in a strong rental corridor near Holy Cross, Arsenal Heights, Cottage Home, and the Mass Ave corridor, with continued residential and commercial development throughout the surrounding area. The front building consists of four units, with a fifth unit created from a converted garage, offering a functional and efficient unit mix attractive to long-term tenants. The current owner has consistently maintained the property during their ownership, supporting stable operations and long-term tenant retention. The property is primarily tenant-occupied with two units currently available for immediate showings, offering flexibility for investors or owner-occupants. Strong rental demand and convenient access to downtown, major thoroughfares, and neighborhood amenities support long-term performance.

Address

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  • Address: 1515 E Michigan Street
  • City: Indianapolis
  • State/county: IN
  • Zip/Postal Code: 46201
  • Area: No Subdivision

Details

Updated on September 22, 2026 at 9:39 pm
  • Property ID 22091061
  • Price $384,000
  • Land Area 0.15 Acres
  • Garage Size x x
  • Year Built 1910
  • Property Type Quadruplex, Residential Income
  • Property Status Withdrawn

Additional details

  • County Marion
  • Property Type Residential Income
  • Elementary School Theodore Potter School 74
  • Middle School H L Harshman Middle School
  • High School Arsenal Technical High School

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Contact Information

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Preeti Chaggar

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