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1515 E Michigan Street Indianapolis IN 46201
- -
- Bedrooms
- -
- Baths
- N/A
- SQ. Feet
(Above Ground)
- 0.15
- Acres
1515 E Michigan St is a well-maintained 5-unit multifamily investment opportunity located just minutes from downtown Indianapolis. The property sits in a strong rental corridor near Holy Cross, Arsenal Heights, Cottage Home, and the Mass Ave corridor, with continued residential and commercial development throughout the surrounding area. The front building consists of four units, with a fifth unit created from a converted garage, offering a functional and efficient unit mix attractive to long-term tenants. The current owner has consistently maintained the property during their ownership, supporting stable operations and long-term tenant retention. The property is primarily tenant-occupied with one unit currently available for immediate showings, offering flexibility for investors or owner-occupants. Strong rental demand and convenient access to downtown, major thoroughfares, and neighborhood amenities support long-term performance.
Property Details
Interior Features
- Cooling: None
- Heating: Forced Air, Natural Gas
Exterior Features
- Setting / Lot Description: Busline, City Lot, Sidewalks
- # Acres: 0.15
Listing Office: Fs Houses Llc
Similar Properties To: 1515 E Michigan Street, Indianapolis
- MLS® #:
- 22016651
- Provider:
- Mark Dietel Realty, Llc
- MLS® #:
- 22042720
- Provider:
- Hanza Realty, Llc
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Listing information last updated on March 12th, 2026 at 8:28am EDT.
