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Sold
  • $230,000

    2623 E Michigan St, Indianapolis, IN 46201

    4beds
    4baths
    --sqft
    Multi Family, Quadruplex
    Built in 1900
    -- sqft lot
    $233,700 Zestimate®
    $--/sqft
    $1,429 Estimated rent

    Home value

    $233,700

    $182,000 - $290,000

    $1,429/mo

    Zestimate® history
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    Owner options

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    $1,429/mo

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    $1,429/mo

    Rent Zestimate®

    Refinance and save

    $1,512/mo

    Est. payment

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    $1,512/mo

    Est. payment

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    What's special

    Detached garage
    Attention all investors! Located in one of Indy's most up-and-coming corridors, 2623 East Michigan Street is surrounded by revitalization, new development, and long-term growth potential. This quadplex, featuring four 1 bed / 1 bath units, sits in a prime location that makes it a standout opportunity for strategic investors. The property is zoned for multifamily use, with special zoning that allows you the potential to add a fifth unit-unlocking even more value. A detached garage out back adds convenience and potential for additional income or parking flexibility. Whether you're new to the game or a seasoned investor, this is the perfect chance to execute the BRRRR strategy-Buy, Rehab, Rent, Refinance, Repeat. With cosmetic updates still needed, this is your opportunity to force appreciation and turn this into a strong, cash-flowing asset. Don't miss out on a quadplex with this much upside in one of Indy's hottest redevelopment zones.

    Zillow last checked:

    Listing updated:

    Listing Provided by:

    Jacob Deacon 574-780-1143,

    eXp Realty, LLC

    Bought with:

    Brenden Stadelman

    Triple E Realty, LLC

    Source: MIBOR as distributed by MLS GRID,MLS#: 22038426MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 4

    Property

    Parking
    • Total spaces: 3
    • Parking features: Alley Access, Detached
    • Garage spaces: 3
    • Details: Unit Parking(Parking Garage)
    Features
    • Levels: Two
    • Stories: 2
    Lot
    • Size: 5,227 sqft
    Details
    • Parcel number: 491006135107000101
    • Special conditions: As Is,Fixer Upper

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family, Quadruplex
    Condition
    • Fixer
    • New construction: No
    • Year built: 1900

    Community & neighborhood

    Location
    • Region: Indianapolis
    • Subdivision: Saint Clairs

    Price history

    DateEventPrice
    9/3/2025Sold$230,000-7.6%
    Source: MIBOR as distributed by MLS GRID #22038426 Report a problem
    5/28/2025Pending sale$249,000
    Source: MIBOR as distributed by MLS GRID #22038426 Report a problem
    5/13/2025Listed for sale$249,000+77.9%
    Source: MIBOR as distributed by MLS GRID #22038426 Report a problem
    3/8/2024Sold$140,000
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$4,542 +10.7%$170,800 -10.8%
    2024$4,101 +7.2%$191,400 +10.7%
    2023$3,827 +37.8%$172,900 +6.7%
    2022$2,778 +77.7%$162,100 +34.6%
    2021$1,563 +23.1%$120,400 +78.4%
    2020$1,270 +1.2%$67,500 +25.5%
    2019$1,255 +10.5%$53,800 +2.1%
    2018$1,136 +5.7%$52,700 +4.4%
    2017$1,075 +9%$50,500 +10%
    2016$987 +5.6%$45,900 +6.3%
    2014$934 +19.6%$43,200 +0.2%
    2013$781 $43,100 +24.6%
    2012$781 $34,600 +18.1%
    2011-- $29,300
    2010$635 -1.8%$29,300
    2009$647 $29,300 +61.9%
    2007-- $18,100

    Find assessor info on the county website

    Neighborhood: Near Eastside

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $233,700
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $233,700