Renovated Eight-Unit Apartment
For Sale
$949,000
2012 E Washington St, Indianapolis, IN 46201
Fully leased property with one-bedroom, one-bath units and shared rear parking.
Property SizeContact for details
Days on Market52
Property Features for 2012 E Washington St
General Information
Standard status
Active
Total Parking Spaces
8
Property subtype
Multi-Family
Occupancy
100%
Net Operating Income
$74,700
Site & Location
Neighborhood
Christian Park
Units
Unit Mix
8 x 1BR/1BA
Multifamily Units
8
Parking per Unit
1
Additional Details
Gross Income
$110,040
Amenities
electronic locks
Building Details
Year Built
1910
Buildings
1
Listing Agency:
@properties
Listed By:
Max Moore
(317) 476-3338
Source:
Eveloteam
Added: Sep 2
Changed: Oct 13
Last Checked: Oct 7 at 3:56PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of @properties
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Investment Insights
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This eight-unit apartment property contains exclusively one-bedroom, one-bath residences and is fully leased. Every unit was renovated under current ownership with new flooring, interior paint, updated fixtures, and refreshed kitchens and bathrooms. Electronic locks serve all unit entries, while shared rear parking provides one space for each tenant. The property was built in 1910 and is being offered as-is.
Building systems, including the roof, electrical, plumbing, and HVAC, were inspected when acquired, with reports available for review. The asset is professionally managed and sits along East Washington Street with access to downtown Indianapolis, Fountain Square, and Irvington. The matching eight-unit property next door at 2008 E Washington is also available, creating a potential 16-unit package. A rent roll, profit and loss statement, and complete deal package are available to qualified buyers.
Building systems, including the roof, electrical, plumbing, and HVAC, were inspected when acquired, with reports available for review. The asset is professionally managed and sits along East Washington Street with access to downtown Indianapolis, Fountain Square, and Irvington. The matching eight-unit property next door at 2008 E Washington is also available, creating a potential 16-unit package. A rent roll, profit and loss statement, and complete deal package are available to qualified buyers.
Key Highlights
- Eight one‑bedroom, one‑bath apartment units, all fully leased
- Every unit renovated with new flooring, paint, fixtures, kitchens, and bathrooms
- Electronic locks installed on every unit door
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Lease Details
8
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
791
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Fully leased property with one-bedroom, one-bath units and shared rear parking.
Where is this apartment building located?
The property is located at 2012 E Washington St Indianapolis, IN.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Eight one‑bedroom, one‑bath apartment units, all fully leased; Every unit renovated with new flooring, paint, fixtures, kitchens, and bathrooms; Electronic locks installed on every unit door
