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3614 E Washington Street Indianapolis IN 46201
- -
- Bedrooms
- -
- Baths
- N/A
- SQ. Feet
(Above Ground)
- 0.28
- Acres
Turnkey 6-unit multifamily investment opportunity on Washington Street! This well-maintained property features six studio-style units with strong in-place rents and reliable tenants. Current gross rental income is $4,207/month or $50,484/year, with three units rented at $680/month, one at $340 every two weeks ($737/month), one at $300 every two weeks ($650/month), and one at $180/week (~$780/month). The owner pays all utilities, including gas, electric, water, sewer, and trash, with average monthly expenses of just $588 and estimated annual expenses of $7,056. Financials project a net operating income of $43,428, delivering a cap rate of 12.77% at the $340,000 price point. With 20% down, investors can expect an impressive 30.37% cash-on-cash return, based on an estimated annual cash flow of $20,651 after debt service. The property offers off-street parking and is ideally situated in a high-growth corridor, walkable to retail, restaurants, and public transit. With minimal overhead, steady cash flow, and clear value in place, this is a rare opportunity to secure a high-yield asset in a rapidly appreciating area. No showings without an accepted offer. Please do not disturb tenants.
Property Details
Interior Features
- Cooling: None
- Heating: Forced Air
Exterior Features
- # Acres: 0.28
Listing Office: Hanza Realty, Llc
Similar Properties To: 3614 E Washington Street, Indianapolis
- MLS® #:
- 22016651
- Provider:
- Mark Dietel Realty, Llc
View all similar properties here
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Listing information last updated on December 17th, 2025 at 1:10pm EST.
