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$315,000
1 Bed
1 Bath
--sqft
3614 E Washington St, Indianapolis, IN 46201
$315,000
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Multi Family
Built in 1925
$-- HOA
12,000 sqft lot
--/sqft
Description
Turnkey 6-unit multifamily opportunity on Washington Street! This well-maintained property offers six studio-style units with strong in-place rents and solid tenants. Current monthly gross rent is $4,207, with three units rented at $680/mo, one at $340 every two weeks ($737/mo), one at $300 every two weeks ($650/mo), and one at $180/week (~$780/mo), totaling $50,484/year. Owner pays all utilities including gas, electric, water, sewer, and trash. Average monthly expenses are $588, and annual expenses are estimated at $7,056. Financials reflect a projected NOI of $43,428 with a cap rate of 12.77% at the $340,000 price point. Investors can expect an estimated 30.37% cash-on-...
Continue Reading- Houzeo last checked: 1 Hour ago
- Listing updated: December 10, 2025 at 6:50 pm
- Listing Provided by: Tasheana Hanza | Hanza Realty, LLC (317) 800-4438
- Source: Metropolitan Indianapolis Board of REALTORS (MIBOR) MLS-IN | MLS#: 22045368
Property Details
Status
Pending
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
--
Year Built
1925
HOA Fees
-
Finished Area
- sqft
Lot Size
12,000 sqft lot
Basement Area
- sqft
MLS Name
Metropolitan Indianapolis Board of REALTORS (MIBOR) MLS
MLS Number
22045368
MLS Status
Pending
Days on Market
189
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Houzeo Corp. holds real estate brokerage licenses in Alabama (License No. 000157023 - 0) and Texas (License No. 9013396)
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