5334 E Washington Street, Indianapolis, IN 46219
- $400,000
- Sold Price
- $400,000
- List Price
- $415,000
- Closing Date
- Mar 23, 2026
- MLS#
- 22067095
- Days on Market
- 164
- Status
- SOLD
Property Description
Rare 5-unit multi-family investment opportunity in the desirable Irvington area! Ideally located on Washington Street, this property has a strong history of 100% occupancy and offers excellent upside potential. Each unit features 1 bed and 1 bath, with all units remodeled and updated. All leases are month-to-month, allowing for immediate rent increases to meet market rates. Tenants pay electricity; owner covers water, sewer, and gas. Each unit offers private covered porch or deck areas, and the property provides ample private parking in the rear. Property includes two 92% gas furnaces (2018), a gas water heater (2012), and refrigerators and stoves furnished by the seller, all newer within the last 10 years. The roof and decking have durable 30-year shingles. One unit is currently vacant and available for showings. Conveniently located near shops, dining, parks, and commuter routes, this is a rare opportunity to own a well-maintained, income-producing property in a high-demand area.
Additional Information
- Expenses
- 2446
- Tenant Pays
- Electricity
- Owner Pays
- Gas, Sewer, Water
- Stories
- Two
- Architecture
- Traditional
- Acres
- 0.25
- Heat
- Forced Air
- Financing
- SeeRemarks, Other
- Region
- Warren
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Listing courtesy of Trueblood Real Estate. Selling Office: Trueblood Real Estate.
Information Deemed Reliable But Not Guaranteed. © 2026 MIBOR Broker Listing Cooperative