$565,000

2438 Guilford Avenue, Indianapolis, IN 46205

  • 4,786 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1915
  • Property Lot Size Icon5,663sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $118/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

Welcome to 2438 Guilford Ave, a stabilized 8-unit multifamily investment opportunity in the heart of Indianapolis' rapidly improving Reagan Park neighborhood, where new development & reinvestment continue to drive long-term value. This solid asset features a desirable unit mix of 4 1-bedroom/1-bath apartments renting at $800/month and 4 efficiency units renting at $550/month, all with tenants in place, generating a strong $5,400 in monthly gross income from day one ($64,800/yr). Several improvements have already been completed, reducing future maintenance and capital expense exposure. Updates include new electrical and plumbing, Hardie siding, roof (2 yrs old), and 2 new furnaces, offering investors peace of mind and improved operating efficiency. Located near downtown amenities, employment centers, and ongoing neighborhood revitalization, such as the new development of the Arnold Place, this property is well-positioned for continued tenant demand and potential rent growth. Whether you're looking to expand your portfolio or secure a stable, income-producing asset in a growing area, this delivers immediate cash flow with long-term upside.

Listing Status:
Active
Data Last Updated:
February 16, 2026 at 12:19PM
Listing Office:
RE/MAX Advanced Realty : 317-717-4510
Listing Agent:
Lindsey Winkhart : 317-717-4510
MLS ID:
22078401
  • Laundry: NoneNo Laundry Facil.
  • Basement: Unfinished
  • A/C: NoneWall Unit(s)
  • Heating: ElectricForced Air
  • General: Balcony
  • Style: Traditional
  • Roofing: Shingle
  • General: Two
  • Originating MLS: mibor
  • School District: Indianapolis Public Schools
  • County: Marion
  • Zoning: D8Reagan Park Add L96490625187174000101
  • Current Use: Apt<20
  • Utilities: Sep Electric Meter
  • Source: mibor

This listing courtesy of Lindsey Winkhart , RE/MAX Advanced Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

F

Francis Parker Montessori School 56

2353 Columbia Ave, Indianapolis, IN, 46205

Grades PK-8

0.32 miles away

F

Francis Parker Montessori School 56

2353 Columbia Ave, Indianapolis, IN, 46205

Grades PK-8

0.32 miles away

S

Shortridge High School

3401 N Meridian St, Indianapolis, IN, 46208

Grades 9-12

1.29 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.