Hi There! Is this Your First Time?
Did you know if you Register you have access to free search tools including the ability to save listings and property searches? Did you know that you can bypass the search altogether and have listings sent directly to your email address? Check out our how-to page for more info.
37 Parkview Avenue Indianapolis IN 46201
- -
- Bedrooms
- -
- Baths
- N/A
- SQ. Feet
(Above Ground)
- 0.1
- Acres
Incredible 5-unit multifamily opportunity in Parkview, a fast-growing area surrounded by new construction and investment activity. This studio-style property offers strong in-place cash flow with four units currently occupied-rented at $750/month, $340 every two weeks (~$737/month), $675/month, and $700/month-bringing in a total of $2,862/month or $34,344/year. One unit remains available and is currently being shown while undergoing light turn work. Fully stabilized, the projected gross income is $3,750/month or $45,000/year. Owner pays all utilities-gas, electric, water, sewer, and trash-with average monthly expenses of just $588 and estimated annual expenses of $7,056. At the updated price of $305,000, projected net operating income (NOI) is $37,944, resulting in a 12.44% cap rate. With 20% down, investors can expect an estimated 28.14% cash-on-cash return, based on $17,153 in annual cash flow after debt service. The property features off-street parking and is located in a high-demand area with strong tenant interest and ongoing revitalization. With minimal overhead and clear upside for increased income, this is a turnkey opportunity with immediate returns and long-term value. No showings without an accepted offer. Please do not disturb tenants.
Property Details
Interior Features
- Heating: Forced Air
Exterior Features
- # Acres: 0.10
Listing Office: Hanza Realty, Llc
Similar Properties To: 37 Parkview Avenue, Indianapolis
Hogshire Etal Pleasant Run
- MLS® #:
- 22038334
- Provider:
- Diverse Property Solutions Ind
Shannon Park
- MLS® #:
- 22034074
- Provider:
- Key Realty Indiana
Carter Sub Robson & Vorhees
- MLS® #:
- 22045368
- Provider:
- Hanza Realty, Llc
No Subdivision
- MLS® #:
- 22035387
- Provider:
- Exp Realty Llc
Mars Hill
- MLS® #:
- 21971407
- Provider:
- Curb Appeal Realty, Llc
View all similar properties here
All information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties that a consumer may be interested in purchasing. All Information believed to be reliable but not guaranteed and should be independently verified. © 2025 MIBOR Broker Listing Cooperative®. All rights reserved.
Listing information last updated on September 11th, 2025 at 2:11pm EDT.
