Pre-War Brick Multifamily
For Sale
$950,000
5819 E Washington St, Indianapolis, IN 46219
Fourteen-unit pre-war property with 13 studios and one one-bedroom unit on a small, well-maintained site.
Property Size10,194 SF
Lot Size0.25 Acres
Price / SF$95
Days on Market49
Property Features for 5819 E Washington St
General Information
Standard status
Active
Size
10,194 SF
Lot size
0.25 Acres
Property subtype
Multifamily
Zoning
C-4 & D-5
Additional Details
Traffic Count
15,600 vehicles/day
Multifamily Units
14
Building Details
Building Size
10,194 SF
Year Built
1924
Listing Agency:
(317) 800-4664
Listed By:
Mike Short
(317) 800-4664
Source:
Alopg
Added: Jun 25
Changed: Aug 10
Last Checked: Aug 11 at 6:38AM
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 Mike Short
Investment Insights
Based on property information with market context.
The subject property is a 14-unit, low-rise multifamily building constructed in 1924. The pre-war brick and masonry structure is described as well maintained and consists of 13 studio units and one one-bedroom unit. The property is approximately 10,000 square feet and sits on about 0.25 acres.
The building is located in the Irvington submarket of Indianapolis, positioned in the core of Irvington. Public remarks note strong visibility along East Washington Street, with traffic estimated at 15,600 ADT, and that the area is walkable with proximity to local retail, dining, and neighborhood amenities. The listing also states the property is near downtown Indianapolis and major employment centers.
For buyers or operators seeking a small-scale residential income asset, the unit mix provides primarily studio accommodations with an additional one-bedroom option. The current-use zoning is listed as C-4 and D-5, which the remarks indicate supports the present use and provides flexibility for small-scale, walkable residential formats. As described, the property benefits from limited comparable supply of similarly sized multifamily assets in Irvington.
The building is located in the Irvington submarket of Indianapolis, positioned in the core of Irvington. Public remarks note strong visibility along East Washington Street, with traffic estimated at 15,600 ADT, and that the area is walkable with proximity to local retail, dining, and neighborhood amenities. The listing also states the property is near downtown Indianapolis and major employment centers.
For buyers or operators seeking a small-scale residential income asset, the unit mix provides primarily studio accommodations with an additional one-bedroom option. The current-use zoning is listed as C-4 and D-5, which the remarks indicate supports the present use and provides flexibility for small-scale, walkable residential formats. As described, the property benefits from limited comparable supply of similarly sized multifamily assets in Irvington.
Key Highlights
- 14‑unit multifamily building with 13 studio units and 1 one‑bedroom unit
- Built in 1924 with pre‑war brick and masonry construction
- Approximately 10,000 SF on ±0.25 acres
Property Analytics
Property Profile
Current Use
Lease Details
14
Residential units
15,600 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
411
Businesses Nearby
Explore this area
Business Placement
Demographics for 46219, IN
36,556
Population
17,028
Households
2.1
Avg Household Size
38
Median Age
26%
College-Educated
86%
High-School Grad
13.0 sq mi
ZIP Area
2,812
Density / Sq Mi
$57,811
Median Household Income
$38,995
Median Earnings
$991
Median Rent
$177,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Fourteen-unit pre-war property with 13 studios and one one-bedroom unit on a small, well-maintained site.
Where is this apartment building located?
The property is located at 5819 E Washington St Indianapolis, IN.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 14‑unit multifamily building with 13 studio units and 1 one‑bedroom unit; Built in 1924 with pre‑war brick and masonry construction; Approximately 10,000 SF on ±0.25 acres
