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Four-Unit Quadplex with Laundry
For Sale
$359,000

2438 E Washington Street, Indianapolis, IN 46201

Two-level layout includes air conditioning, off-street parking, and a dedicated basement mechanical room.

Property SizeContact for details
Days on Market8

Property Features for 2438 E Washington Street

General Information

Standard status Active
Property subtype Quadruplex

Site & Location

Highway Access Yes
Public Transit Yes

Units

Unit Mix 4 x 1BR
Multifamily Units 4

Amenities

in-unit air conditioning
on-site laundry facilities
off-street parking

Building Details

Year Built 1900
Listing Agency: Real Broker, LLC
Listed By: Kenneth Hall · License #RB21000369
Source: Luxcityrealty
Added: Jul 29 Changed: Aug 5 Last Checked: Aug 5 at 4:20AM

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 Real Broker, LLC

Investment Insights

Based on property information with market context.

This 1900-built quadplex contains four one-bedroom units arranged across two levels, with two residences on the main floor and two upstairs. One unit is leased, while three are vacant and rent-ready. Interior features include in-unit air conditioning, and on-site laundry serves the property. Off-street parking is also provided, while a dedicated basement mechanical room supports building operations.

The property is positioned along East Washington Street in Indianapolis, with access to downtown, public transportation, nearby shopping and dining, parks, entertainment, and major commuter routes including I-70 and I-65. Its location also places residents near Irvington and Downtown Indianapolis.

Key Highlights

  • Four one‑bedroom units arranged as two main‑level and two upper‑level residences
  • One unit leased; three additional units vacant and rent‑ready
  • Built in 1900

Property Analytics

Current Use

William's Construction and Handyman ... Hardware & Home Improvement

Suggested Use

Top Pick Building Supply Real Estate Agency Big Box & Wholesale Store Dental Office Spa & Massage Center Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

697
Businesses Nearby

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

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - Two-level layout includes air conditioning, off-street parking, and a dedicated basement mechanical room.
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 arranged as two main‑level and two upper‑level residences; One unit leased; three additional units vacant and rent‑ready; Built in 1900
More about this property
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