Four-Unit Quadplex with In-Unit
New
For Sale
$359,000
2438 E Washington Street, Indianapolis, IN 46201
MULTI_FAMILY - Indianapolis, IN
Property SizeContact for details
Lot Size0.15 Acres
Days on Market7
Property Features for 2438 E Washington Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Rooms
Basement
Subdivision
No Subdivision
Elementary school district
Indianapolis Public Schools
Middle school district
Indianapolis Public Schools
High school district
Indianapolis Public Schools
Directions
GPS Friendly
Standard status
Active
APN
491005209149000101
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Ogle E Pk Add L351
Legal Description
Ogle E Pk Add L351
Amenities
in-unit air conditioning
on-site laundry facilities
off-street parking
dedicated basement mechanical room
Building Details
Year built
1900
Floors in Building
2
Number of units
4
Listing Agency:
Real Broker, LLC
(317) 794-2827
Listed By:
Kenneth Hall · License #RB21000369
(317) 614-5445
Added: Jul 29
Changed: Jul 30
Last Checked: Aug 4 at 10:06PM
MLS# 22117283
Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This four-unit quadplex offers four one-bedroom residences arranged with two units on the main level and two units on the upper level. Each unit includes in-unit air conditioning, and the property also provides on-site laundry facilities and off-street parking for tenants. For streamlined maintenance, the owner-operator has access to a dedicated basement mechanical room.
The property sits on a 0.15-acre lot at 2438 E. Washington Street along the East Washington Street corridor. One unit is currently leased, while three additional units are vacant and rent-ready. The address provides convenient access to downtown Indianapolis, public transportation, and nearby amenities, with major commuter routes I-70 and I-65 within reach.
Built in 1900, this quadplex is positioned for an owner-operator or investor looking for a manageable four-unit setup with both an existing tenant and leasing opportunities.
The property sits on a 0.15-acre lot at 2438 E. Washington Street along the East Washington Street corridor. One unit is currently leased, while three additional units are vacant and rent-ready. The address provides convenient access to downtown Indianapolis, public transportation, and nearby amenities, with major commuter routes I-70 and I-65 within reach.
Built in 1900, this quadplex is positioned for an owner-operator or investor looking for a manageable four-unit setup with both an existing tenant and leasing opportunities.
Key Highlights
- Four one‑bedroom units with two on the main level and two on the upper level
- One unit currently leased; three additional units are vacant and rent‑ready
- In‑unit air conditioning in all units
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
697
Businesses Nearby
Explore this area
Business Placement
Demographics for 46201, IN
31,408
Population
17,145
Households
1.8
Avg Household Size
34
Median Age
26%
College-Educated
78%
High-School Grad
5.6 sq mi
ZIP Area
5,609
Density / Sq Mi
$43,183
Median Household Income
$36,951
Median Earnings
$929
Median Rent
$150,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four one-bedroom units with in-unit air conditioning, on-site laundry, and off-street parking on a 0.15-acre lot.
Where is this quadplex located?
The property is located at 2438 E Washington Street Indianapolis, IN.
What is the asking price?
The asking price for this property is $359,000.
What are key features of this property?
This property features: Four one‑bedroom units with two on the main level and two on the upper level; One unit currently leased; three additional units are vacant and rent‑ready; In‑unit air conditioning in all units
