Turnkey 6-unit multifamily offered at $290,000. Six studio units with stable tenants and consistent in-place rents. Current monthly gross: $4,207 ($50,484 annually). Rents include three units at $680/month, one at $340 biweekly ($737/month), one at $300 biweekly ($650/month), and one at $180/week (~$780/month). Owner currently pays utilities. Estimated annual expenses: ~$7,056. Approximate NOI: $43,428. Strong return profile with solid in-place income. Buyer to verify all financials. Off-street parking. Located on Washington Street with access to shopping and public transportation. Stabilized, income-producing asset with consistent cash flow. No showings without accepted offer. Do not disturb tenants.
Active
$290,000
3614 E Washington St, Indianapolis, IN 46201
1beds
1baths
--sqft
Multi Family, Quadruplex
Built in 1925
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Off-street parking
- 392 days |
- 45 |
- 6 |
Zillow last checked:
Listing updated:
Listed by:
Tasheana Hanza 317-800-4438,
Hanza Realty, LLC
Source: MIBOR as distributed by MLS GRID,MLS#: 22045368
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
Features
- Has basement: Yes
Property
Parking
- Total spaces: 1
- Parking features: Detached
- Garage spaces: 1
- Details: Unit Parking(Parking Lot)
Features
- Levels: Two
- Stories: 2
Lot
- Size: 0.28 Acres
Details
- Parcel number: 491005103003000101
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Quadruplex
Condition
- New construction: No
- Year built: 1925
Community & HOA
Community
- Subdivision: Carter Sub Robson & Vorhees
Location
- Region: Indianapolis
Financial & listing details
- Tax assessed value: $232,800
- Annual tax amount: $2,944
- Date on market: 6/16/2025
- Cumulative days on market: 388 days
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 4/7/2026 | Price change | $290,000-6.5% |
Source:  MIBOR as distributed by MLS GRID #22045368 Report a problem | ||
| 1/16/2026 | Price change | $310,000-1.6% |
Source: MIBOR as distributed by MLS GRID #22045368 Report a problem | ||
| 12/18/2025 | Listed for sale | $315,000 |
Source: MIBOR as distributed by MLS GRID #22045368 Report a problem | ||
| 12/8/2025 | Pending sale | $315,000 |
Source: MIBOR as distributed by MLS GRID #22045368 Report a problem | ||
| 10/15/2025 | Price change | $315,000-1.6% |
Source: MIBOR as distributed by MLS GRID #22045368 Report a problem | ||
| 8/13/2025 | Price change | $320,000-3.6% |
Source: MIBOR as distributed by MLS GRID #22045368 Report a problem | ||
| 8/4/2025 | Price change | $332,000-0.9% |
Source: MIBOR as distributed by MLS GRID #22045368 Report a problem | ||
| 7/11/2025 | Price change | $335,000-1.5% |
Source: MIBOR as distributed by MLS GRID #22045368 Report a problem | ||
| 6/16/2025 | Listed for sale | $340,000+151.9% |
Source: MIBOR as distributed by MLS GRID #22045368 Report a problem | ||
| 1/14/2021 | Sold | $135,000-8.2% |
Source: Public Record Report a problem | ||
| 11/12/2020 | Pending sale | $147,000 |
Source: MIBOR REALTOR Association #21751125 Report a problem | ||
| 11/6/2020 | Listed for sale | $147,000+79.3% |
Source: MIBOR REALTOR Association #21751125 Report a problem | ||
| 9/10/2018 | Sold | $82,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,253 +67.1% | $232,800 -11.7% |
| 2024 | $3,743 +27.1% | $263,500 +67% |
| 2023 | $2,944 +14.8% | $157,800 +26.5% |
| 2022 | $2,565 +35.4% | $124,700 +12.1% |
| 2021 | $1,894 +2.1% | $111,200 +35.9% |
| 2020 | $1,856 -0.9% | $81,800 +4.1% |
| 2019 | $1,872 -21.7% | $78,600 |
| 2018 | $2,392 -2.4% | $78,600 +3.8% |
| 2017 | $2,451 +54.8% | $75,700 +5.3% |
| 2016 | $1,584 +3.3% | $71,900 +1.4% |
| 2014 | $1,533 -8.1% | $70,900 |
| 2013 | $1,667 | $70,900 +1.3% |
| 2012 | $1,667 | $70,000 -5% |
| 2011 | -- | $73,700 |
| 2010 | $1,613 -1.6% | $73,700 |
| 2009 | $1,639 | $73,700 |
| 2007 | -- | $73,700 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Near Eastside
Nearby schools
GreatSchools rating
- 3/10Ralph Waldo Emerson School 58Grades: PK-5Distance: 0.7 mi
- 5/10Arlington Community Middle SchoolGrades: 6-8Distance: 2.7 mi
- 1/10Arsenal Technical High SchoolGrades: 9-12Distance: 1.7 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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