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Four-Unit New Construction Quadplex

4221 E Washington Street, Indianapolis, IN 46201

For Sale
$635,000

Each residence offers a two-bedroom layout with durable interior finishes and granite kitchen countertops.

Property SizeContact for details
Days on Market120

Property Features for 4221 E Washington Street

General Information

Standard status Active
Property subtype Quadruplex

Site & Location

Neighborhood Christian Park

Units

Unit Mix 4 x 2BR/1.5BA
Multifamily Units 4

Building Details

Year Built 2026
Buildings 1
Listing Agency: Victory Realty Team
Listed By: Shane Burns
Source: Anniescottrealty
Added: Jul 14 Changed: Nov 7 Last Checked: Nov 9 at 8:06PM

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 Victory Realty Team

Rey
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Investment Insights

Based on property information with market context.

This 2026-built quadplex contains four residences, each with approximately 962 square feet, two bedrooms and 1.5 baths. Interior finishes include luxury vinyl plank flooring on both levels, oak staircases, plywood kitchen cabinetry with soft-close doors and drawers, and granite countertops. The windows are double-hung vinyl units with high-efficiency double-pane glazing.

Mechanical systems are complete and awaiting inspection. Two additional fourplex properties are identified next door at 4223 and 4225 E Washington Street; they are separate properties.

Key Highlights

  • Four residences, each approximately 962 square feet
  • Each unit has 2 bedrooms and 1.5 baths
  • 2026 construction; mechanicals complete and awaiting inspection

Property Analytics

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Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

338
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Properties on Market for Quadplexes in Indianapolis

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Quadplex - Each residence offers a two-bedroom layout with durable interior finishes and granite kitchen countertops.
Where is this quadplex located?
The property is located at 4221 E Washington Street Indianapolis, IN.
What is the asking price?
The asking price for this property is $635,000.
What are key features of this property?
This property features: Four residences, each approximately 962 square feet; Each unit has 2 bedrooms and 1.5 baths; 2026 construction; mechanicals complete and awaiting inspection
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