Key facts
- Living area
- 2,880 sqft
- Lot
- 0.12 acres
- Year built
- 1910
- Type
- Commercial Sale · Multi Family
- Stories
- Two
- MLS #
- 22119321
- County
- Marion
- Total building area
- 2,880 sqft
About this home
* 8 Unit Apartment Building * Fully renovated in 2021 (plumbing, electrical, kitchens, baths, roofing) and just 1 mile from IU Health's $4.3B downtown hospital campus, this 8-unit Indianapolis multifamily offers a diversified rent roll - 7 leased units plus a flexible Airbnb unit (more than 90% occupancy). TTM income of $88,720 delivers a 6.61% cap rate on NOI, backed by real owner disbursement history. Lean expenses. A rare, stabilized income property priced to perform, steps from one of the largest development projects in the city!
Description provided by the listing brokerage.
Interior
- Basement
- Laundry
- Security
Exterior
- Roof
- Construction
- Foundation
- Style
- Parking and garage
- View
Systems
- Heating
- Cooling
- Utilities
Lot and HOA
- Lot features
- Zoning
- D8
Schools
- School district
- Indianapolis Public Schools
Taxes
- Estimated annual tax
- $10,836 / yearTwice the semi-annual installment the listing reports.
- Tax year
- 2025
Estimate your monthly payment
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.
Talk to a lender we trust- Listing Office:
- @properties
- Listing Office Phone:
- 317-489-3441
