# 2438 E Washington Street, Indianapolis, IN 46201 > **TL;DR:** 1bd/1ba multi-family, $325,000, built 1900. Est. $1,738/mo. Listed 95 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $325,000 | | Bedrooms | 1 | | Bathrooms | 1 full | | Year Built | 1900 | | Lot Size | 6,534 sqft (0.15 acres) | | Stories | 2 | | Property Type | Multi-Family (Quadruplex) | | Status | Active | | Days on Market | 95 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $1,643 | | Estimated Insurance | $95 | | **Total** | **$1,738** | ## Property Highlights - Built in 1900 - 0.15 acre lot - 2 stories ## Description ### Agent Description Check out this investment opportunity in Indianapolis' Eastside! This four-unit multifamily property at 2438 E. Washington Street offers immediate income potential with one unit currently leased at $850 per month and three additional units vacant and rent-ready, providing the perfect opportunity for an owner-operator or investor to place tenants at current market rates. The property features one bed units with two units on the main level and two units on the upper level. Residents enjoy in-unit air conditioning, on-site laundry facilities, off-street parking, and owner-operator enjoys the convenience of a dedicated basement mechanical room for streamlined maintenance and operations. Located along the East Washington Street corridor, this property provides easy access to downtown Indianapolis, major employers, public transportation, and nearby amenities. Tenants will appreciate proximity to the vibrant neighborhoods of Irvington and Downtown Indianapolis, along with quick access to shopping, dining, parks, entertainment, and major commuter routes including I-70 and I-65. Whether you're looking to expand your portfolio or acquire a value-add asset with immediate upside, this quadplex offers the rare combination of existing cash flow, vacancy-driven income growth, and a highly accessible location. ## Location - **Address:** 2438 E Washington Street, Indianapolis, IN 46201 - **County:** Marion - **Neighborhood:** No Subdivision - **Coordinates:** 39.768323, -86.120267 - **Google Maps:** https://www.google.com/maps?q=39.768323,-86.120267 ## Listing Agent - **Name:** Kenneth Hall - **Brokerage:** REAL BROKER, LLC - **Broker Phone:** (317) 614-5445 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/2438-E-Washington-St_Indianapolis_IN_46201_M43821-48783?f=listhub&s=MIBORIN&m=22117283&c=propsimple) ## Photos ![2438 E Washington Street - Photo 1](http://lh.rdcpix.com/bd5d16074046693a0b242fcbdf42712dl-f648864293r.jpg) ![2438 E Washington Street - Photo 2](http://lh.rdcpix.com/bd5d16074046693a0b242fcbdf42712dl-f3834013220r.jpg) ![2438 E Washington Street - Photo 3](http://lh.rdcpix.com/bd5d16074046693a0b242fcbdf42712dl-f3700339294r.jpg) ![2438 E Washington Street - Photo 4](http://lh.rdcpix.com/bd5d16074046693a0b242fcbdf42712dl-f4095884936r.jpg) ![2438 E Washington Street - Photo 5](http://lh.rdcpix.com/bd5d16074046693a0b242fcbdf42712dl-f3208343420r.jpg) ![2438 E Washington Street - Photo 6](http://lh.rdcpix.com/bd5d16074046693a0b242fcbdf42712dl-f2862868702r.jpg) ![2438 E Washington Street - Photo 7](http://lh.rdcpix.com/bd5d16074046693a0b242fcbdf42712dl-f1728462510r.jpg) ![2438 E Washington Street - Photo 8](http://lh.rdcpix.com/bd5d16074046693a0b242fcbdf42712dl-f1981280419r.jpg) ![2438 E Washington Street - Photo 9](http://lh.rdcpix.com/bd5d16074046693a0b242fcbdf42712dl-f713692095r.jpg) ![2438 E Washington Street - Photo 10](http://lh.rdcpix.com/bd5d16074046693a0b242fcbdf42712dl-f232070975r.jpg) ![2438 E Washington Street - Photo 11](http://lh.rdcpix.com/bd5d16074046693a0b242fcbdf42712dl-f2980301039r.jpg) ![2438 E Washington Street - Photo 12](http://lh.rdcpix.com/bd5d16074046693a0b242fcbdf42712dl-f3321236185r.jpg) ![2438 E Washington Street - Photo 13](http://lh.rdcpix.com/bd5d16074046693a0b242fcbdf42712dl-f1859410144r.jpg) ![2438 E Washington Street - Photo 14](http://lh.rdcpix.com/bd5d16074046693a0b242fcbdf42712dl-f1329913875r.jpg) ![2438 E Washington Street - Photo 15](http://lh.rdcpix.com/bd5d16074046693a0b242fcbdf42712dl-f1987888194r.jpg) ![2438 E Washington Street - Photo 16](http://lh.rdcpix.com/bd5d16074046693a0b242fcbdf42712dl-f3530480647r.jpg) ![2438 E Washington Street - Photo 17](http://lh.rdcpix.com/bd5d16074046693a0b242fcbdf42712dl-f2380317788r.jpg) ![2438 E Washington Street - Photo 18](http://lh.rdcpix.com/bd5d16074046693a0b242fcbdf42712dl-f2257807079r.jpg) --- **MLS#:** 22117283 | **Updated:** 2026-10-29 **Source:** listhub *Copyright © 2026 Broker Listing Cooperative®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/2438-e-washington-street-indianapolis-in-46201-43b306612e044d97bd74f8974412329e) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/2438-e-washington-street-indianapolis-in-46201-43b306612e044d97bd74f8974412329e#listing", "url": "https://www.propertysimple.ai/listing/2438-e-washington-street-indianapolis-in-46201-43b306612e044d97bd74f8974412329e", "name": "2438 E Washington Street, Indianapolis, IN 46201", "description": "Check out this investment opportunity in Indianapolis' Eastside! This four-unit multifamily property at 2438 E. 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