For Sale
$1,260,000
5128 Washington St Indianapolis, IN 46219
Historic Irvington, high-demand rental.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 137
Highlights
- Prime Irvington location: 16-unit building at 5128/5140 E Washington St, Indianapolis, offering strong rental demand and convenient amenities.
- 16-unit group home setup: Two buildings totaling 9,771 sq ft, ideal for assisted living or similar uses.
- Strong income potential: $1,260,000 asking price with attractive cap rate in a high-demand rental market.
- Well-maintained units: Functional layouts designed for comfortable living, minimizing operator upkeep.
- Established market with growth potential: Desirable Irvington neighborhood with consistent rental demand.
Property Details for 5128 Washington St
- Property type
- Apartment buildings
- Square Feet
- 9,771 SF
- Class
- B
- Year Built/Renovated
- 1930/2024
- Buildings
- 2
- Stories
- 2
- Lot Size (sq. ft)
- 6,534 SF
- Units
- 16
Location Insight
- City
- Indianapolis
- County
- Marion
- State
- Indiana
- Latitude
- 39.7705495
- Longitude
- -86.0819768
Nearby Similar for Sale
FAQs
- What type of property is this?
- Apartment building - Historic Irvington, high-demand rental.
- Where is the apartment building located?
- The property is located at 5128 Washington St Indianapolis, IN.
- What is the asking price?
- The asking price for this property is $1,260,000.
- What are key features of this property?
- This property features: Prime Irvington location: 16-unit building at 5128/5140 E Washington St, Indianapolis, offering strong rental demand and convenient amenities.; 16-unit group home setup: Two buildings totaling 9,771 sq ft, ideal for assisted living or similar uses.; Strong income potential: $1,260,000 asking price with attractive cap rate in a high-demand rental market.
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