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Listed by Patricia McCormick • Trueblood Real Estate
$ 485,000
Est. payment | /mo
0.25 Acres Lot
$ 485,000
Est. payment | /mo
0.25 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision L C Ritters
MLS Listing ID 22067095
Year Built 1930
Tax Year 2024
Lot Size 10,890 Sqft
Acres 0.25
Property Sub-Type Quadruplex
Property 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.
Location
State IN
County Marion
Interior
Heating Forced Air
Fireplace N
Exterior
Garage Spaces 4.0
View Y/N false
Roof Type Shingle
Building
Story Two
Architectural Style Traditional
New Construction false
Schools
School District Indianapolis Public Schools
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