Four-Unit Quadplex with
For Sale
$349,000
2438 E Washington Street, Indianapolis, IN 46201
Residential Income, Indianapolis, IN
Property SizeContact for details
Lot Size0.15 Acres
Days on Market53
Property Features for 2438 E Washington Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
1
Bathrooms
1
Full bathrooms
1
Rooms
Basement, Bathroom 1, Bedroom 1
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
Tax Annual Amount
9244
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: Sep 17
Last Checked: Sep 19 at 2:06AM
MLS# 22117283
Copyright © 2026 Broker Listing Cooperative®. 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.
Built in 1900, this four-unit multifamily property includes four one-bedroom residences arranged with two units on the main level and two upstairs. One unit is leased, while three are vacant and rent-ready. Each unit has in-unit air conditioning, and the property includes on-site laundry, off-street parking, and a basement mechanical room for building systems and maintenance access.
The property is positioned on the East Washington Street corridor in Indianapolis, with access to downtown, public transportation, shopping, dining, parks, and entertainment. Major commuter routes include I-70 and I-65, while Irvington and Downtown Indianapolis are nearby. The configuration combines an existing tenancy with three available units in a four-unit residential income property.
The property is positioned on the East Washington Street corridor in Indianapolis, with access to downtown, public transportation, shopping, dining, parks, and entertainment. Major commuter routes include I-70 and I-65, while Irvington and Downtown Indianapolis are nearby. The configuration combines an existing tenancy with three available units in a four-unit residential income property.
Key Highlights
- Four‑unit property with four one‑bedroom residences
- Two units on the main level and two on the upper level
- One unit leased; three units vacant and rent‑ready
Property Analytics
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Current Use
Lease Details
4
Residential units
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
697
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Four one-bedroom units offer air conditioning, laundry facilities, and off-street parking near East Washington Street.
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 $349,000.
What are key features of this property?
This property features: Four‑unit property with four one‑bedroom residences; Two units on the main level and two on the upper level; One unit leased; three units vacant and rent‑ready
