4221 E Washington St, Indianapolis, IN, 46201
About This Home
Calling all investors or house hackers, this is your next big buy and hold opportunity, new construction 4-plex, estimated to be completed by 10/01/2026. Each unit features approximately 962 sq feet of living space, with 2 bedrooms and 1.5 baths per unit. This project being new construction, all you have to do is worry about cashing the rent checks for years to come, with no worries about big ticket repair items. This project is being built knowing there will be tenants so there will be no carpet, 1st and 2nd floor will have LVP and staircase will be a hardwood oak staircase. The kitchen will not have builder grade cabinets that easily fall apart with rentals, they will be all plywood construction, with soft close doors and drawers, granite countertops, double hung vinyl high efficient double pane windows. This home can also be purchased for a primary residence where you occupy one unit and renting the other 3 units, have the other 3 units pay your mortgage payment. This property can be purchased by itself or purchase the other two 4-plex properties right next door, 12 units in all for sale. Other addresses are 4223 E Washington ST (Listing ID: 22114066) and 4225 E Washington St (Listing ID: 22114269) Current Construction Phase...all mechanicals are complete waiting on inspection.
Getting Around
Somewhat Walkable
Some Transit
BikeableSchools
Construction
Condition
- Property condition: New Construction
- New construction: Yes
- Year built: 2026
Materials
- Foundation: Block
- Roof: Asphalt
- Construction materials: Vinyl Siding
Other
- Builder name: Burns Realty Holding
Type & Style
- Home type: MultiFamily
- Architectural style: Contemporary
- Property subType: Multi Family,Quadruplex
Interior
Appliances
- Laundry features: Upper Level
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 2
Heating & Cooling
- Heating features: Electric,Forced Air,Heat Pump
- Cooling features: Central Air,Heat Pump
Property
Details
- Parcel number: 491004124011000101
- Zoning: D8
- Special condition: Broker Owned
Features
- Levels: Two
- Stories: 2
- Exterior features: Lighting
Lot
- Lot size: 6,098 sqft
- Features: City Lot,Curbs,Not In Subdivision,Sidewalks,Storm Sewer,Street Lights
Parking
- Parking features: Alley Access,Assigned
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Heat Wave
- Tornado
How This Home’s Risks Compare
FEMA Declared Disasters Across Indiana Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,210 | $38,520 |
| Home Insurance * | $630 | $7,560 |
| Property Taxes | $1,264 | $15,168 |
| Electricity | $184 | $2,212 |
| Total | $5,288 | $63,456 |
Income You'd Need if You Spent...
Indiana FAIR Plan Programs
Indiana Basic Property Insurance Underwriting Association
Wildfire
Hail
WindHow Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-14 | Listed for sale | $635,000 |
| 2026-01-29 | Sold | $130,000 |
| 2026-01-15 | Pending sale | $64,999 |
| 2025-09-08 | Listed for sale | $64,999 |
| 2021-10-06 | Listing removed | -- |
| 2021-08-03 | Price change | $60,000 |
| 2021-06-07 | Price change | $87,500 |
| 2021-05-25 | Listed for sale | $350,000 |
| 2014-01-30 | Sold | $875 |
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