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    3712 E Washington St Indianapolis, IN 46201

    For Sale
    $865,000

    Multi-Family 5+ - Indianapolis, IN

    Property size:
    5,376 SF
    Lot size:
    0.14 Acres
    Days on Market:
    16
    Last Refresh:
    Dec 6 at 6:06 pm

    Property Features for 3712 E Washington St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Property condition
    New Construction
    Standard status
    Active
    Zoning
    D8
    Rooms
    Basement
    APN
    491005208026000101
    Basement Y/N
    1
    Size
    5,376 SF
    Lot size
    0.14 Acres

    Building Details

    Number of units
    10
    Architectural style
    Other
    BuilderName
    Landmark Development

    Coldwell Banker Kaiser (317) 844-1131 [email protected]

    Listing agent Joshua Hoeft (317) 843-8446

    Listing date Nov 21, 2025

    MLS# 22073725 Listing URL

    Copyright © 2025 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.

    Overview

    Indianapolis Multi-Family SRO Property

    This 10-unit Single Room Occupancy (SRO) property in Indianapolis, IN, offers strong income potential. The building, with a total size of 5376 square feet, is situated on a 0.14-acre lot and is zoned D8. It features five units on the upper level and five on the lower level, each equipped with a private bathroom. Shared kitchens, living rooms, and laundry facilities are located on both sides, providing a balanced and functional layout for tenants. This property presents an excellent opportunity for investors seeking steady cash flow. There is also the potential to continue developing on the adjoining lots, which can be purchased alongside the building at a separate offering.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.103291
    Latitude
    39.769323

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    FAQs

    What type of property is this?
    Apartment building - 10-unit SRO property with income potential in Indianapolis, IN.
    Where is this apartment building located?
    The property is located at 3712 E Washington St Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $865,000.
    What are key features of this property?
    This property features: - Strong income potential from 10-unit SRO property.; - Each unit has a **private bathroom**.; - Shared kitchens, living rooms, and laundry facilities on both levels.
    (317) 843-8446
    Request Owner's contact information
    3712 E Washington St Indianapolis, IN 46201
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    Indianapolis, IN 46201
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3712 E Washington St Indianapolis, IN 46201
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