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4223 E Washington Street

Indianapolis, IN 46201

ActiveListed Jul 15, 2026 · 2 days on market

Key facts

Lot
0.14 acres
Year built
2026
Type
Residential Income · Quadruplex
Stories
Two
MLS #
22114066
County
Marion
Subdivision
Haywoods Boulevard
New construction
Yes

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 4221 E Washington ST (Listing ID: 22114049) and 4225 E Washington St (Listing ID: 22114269) Current Construction Phase...all mechanicals are complete waiting on inspection.

Description provided by the listing brokerage.

Interior

Laundry
Connections AllUpper Level
Condition
New Construction

Exterior

Exterior features
Lighting
Roof
Asphalt
Construction
Vinyl Siding
Foundation
Block
Style
Contemporary
Parking and garage
Alley Access

Systems

Heating
ElectricForced AirHeat Pump
Cooling
Central AirHeat Pump

Lot and HOA

Zoning
D8

Schools

School district
Indianapolis Public Schools

Taxes

Estimated annual tax
$264 / yearTwice the semi-annual installment the listing reports.
Tax year
2025

Estimate your monthly payment

$3,445per month, estimated
Principal and interest $3,201Property tax $22Insurance $222
20% · $127,000
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

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Listed at$635,000
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