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$440,000 -

5334 E Washington Street Indianapolis IN 46219

-
Bedrooms
-
Baths
N/A
SQ. Feet
(Above Ground)
0.25
Acres

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.

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Property Details

Price: $440,000 Previously: $440,000 Originally: $485,000 Bathrooms: 0.00 MLS #: 22067095 Year Built: 1930 Township: Warren Type: Residential Income Zip Code: 46219 City: Indianapolis Subdivision: L C Ritters County: Marion School District: Indianapolis Public Schools

Interior Features

Interior Features:
  • Heating: Forced Air

Exterior Features

Exterior Features:
  • Setting / Lot Description: Sidewalks, Mature Trees
  • # Acres: 0.25

Listing Office: Trueblood Real Estate

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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 December 2nd, 2025 at 7:10pm EST.

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