3614 E Washington St, Indianapolis, IN, 46201
About This Home
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.
Getting Around
Somewhat Walkable
Some Transit
BikeableSchools
Construction
Condition
- Year built: 1925
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family,Quadruplex
Interior
Basement
- Has basement: Yes
Bedrooms & Bathrooms
- Bedrooms: 1
- Bathrooms: 1
Property
Details
- Parcel number: 491005103003000101
Features
- Levels: Two
- Stories: 2
Lot
- Lot size: 0.28 Acres
Parking
- Total spaces: 1
- Parking features: Detached
- Attached garage spaces: 1
- Covered spaces: 1
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 | $1,466 | $17,592 |
| Home Insurance * | $287 | $3,444 |
| Property Taxes | $215 | $2,580 |
| Electricity | $184 | $2,212 |
| Total | $2,152 | $25,824 |
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 |
|---|---|---|
| 2026-04-07 | Price change | $290,000 |
| 2026-01-16 | Price change | $310,000 |
| 2025-12-18 | Listed for sale | $315,000 |
| 2025-12-08 | Pending sale | $315,000 |
| 2025-10-15 | Price change | $315,000 |
| 2025-08-13 | Price change | $320,000 |
| 2025-08-04 | Price change | $332,000 |
| 2025-07-11 | Price change | $335,000 |
| 2025-06-16 | Listed for sale | $340,000 |
| 2021-01-14 | Sold | $135,000 |
| 2020-11-12 | Pending sale | $147,000 |
| 2020-11-06 | Listed for sale | $147,000 |
| 2018-09-10 | Sold | $82,000 |
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