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    5334 E Washington St Indianapolis, IN 46219

    For Sale
    $440,000

    Traditional, Quadruplex - Indianapolis, IN

    Type:Quadruplex
    Lot size:
    0.25 Acres
    Days on Market:
    37
    Last Refresh:
    Dec 6 at 10:06 pm

    Property Features for 5334 E Washington St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Quadruplex
    Standard status
    Active
    Rooms
    Basement
    APN
    491003179001000701
    Basement Y/N
    1
    Lot size
    0.25 Acres

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1930
    Number of units
    5
    Roof type
    Shingle
    Architectural style
    New Traditional

    Trueblood Real Estate (317) 679-6330 [email protected]

    Listing agent Patricia McCormick (317) 288-5148 License #RB20001746

    Listing date Oct 31, 2025

    MLS# 22067095 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

    Irvington Multi-Family Investment Opportunity

    This five-unit multi-family property is located in the Irvington area. Situated on Washington Street, the property has a history of full occupancy and potential for increased income. Each unit includes one bedroom and one bathroom, and all units have been remodeled. The leases are month-to-month, allowing for immediate rent adjustments to align with current market rates. Tenants are responsible for electricity, while the owner covers water, sewer, and gas expenses. Each unit features a private covered porch or deck. Ample private parking is available at the rear of the property. The property includes two 92% gas furnaces installed in 2018, a gas water heater from 2012, and refrigerators and stoves provided by the seller, all of which are less than 10 years old. The roof and decking are constructed with 30-year shingles. One unit is currently vacant and available for showings. The property is located near shops, dining options, parks, and commuter routes. The lot size is 0.25 acres.
    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 Clothing Store Building Supply 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
    -86.077379
    Latitude
    39.770814

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    FAQs

    What type of property is this?
    Apartment building - Five-unit property in Irvington with remodeled units and upside potential.
    Where is this apartment building located?
    The property is located at 5334 E Washington St Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $440,000.
    What are key features of this property?
    This property features: - Rare 5-unit multi-family investment opportunity in the desirable Irvington area.; - All units remodeled and updated with 1 bed and 1 bath each.; - All leases are month-to-month, allowing for immediate rent increases.
    (317) 288-5148
    Request Owner's contact information
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    Indianapolis, IN 46219
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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
    5334 E Washington St Indianapolis, IN 46219
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