3614 E Washington Street, Indianapolis, IN 46201

Property Description

Turnkey 6-unit multifamily offered at $290,000. Six studio units with stable tenants and consistent in-place rents. Current monthly gross: $4,207 ($50,484 annually). Rents include three units at $680/month, one at $340 biweekly ($737/month), one at $300 biweekly ($650/month), and one at $180/week (~$780/month). Owner currently pays utilities. Estimated annual expenses: ~$7,056. Approximate NOI: $43,428. Strong return profile with solid in-place income. Buyer to verify all financials. Off-street parking. Located on Washington Street with access to shopping and public transportation. Stabilized, income-producing asset with consistent cash flow. No showings without accepted offer. Do not disturb tenants.

Listing Status:

Active

Data Last Updated:

May 20, 2026 at 1:18PM

Listing Office:

Hanza Realty, LLC : 317-800-4438

Listing Agent:

Tasheana Hanza : 317-800-4438

MLS ID:

22045368

Exterior

• Parking: Detached

Construction

• General: Two

Location

• Originating MLS: mibor
• School District: Indianapolis Public Schools
• County: Marion

Lot

• Zoning: Robson & Vorhees Add 60 X 200Ft Beg 90Ft W Se Corl3491005103003000101
• Current Use: Residential

Financial

• Source: mibor