Calling all investors or house hackers, this is your next big buy and hold opportunity, new construction 4-plex, estimated to be completed by 10/01/2026. Each unit features approximately 962 sq feet of living space, with 2 bedrooms and 1.5 baths per unit. This project being new construction, all you have to do is worry about cashing the rent checks for years to come, with no worries about big ticket repair items. This project is being built knowing there will be tenants so there will be no carpet, 1st and 2nd floor will have LVP and staircase will be a hardwood oak staircase. The kitchen will not have builder grade cabinets that easily fall apart with rentals, they will be all plywood construction, with soft close doors and drawers, granite countertops, double hung vinyl high efficient double pane windows. This home can also be purchased for a primary residence where you occupy one unit and renting the other 3 units, have the other 3 units pay your mortgage payment. This property can be purchased by itself or purchase the other two 4-plex properties right next door, 12 units in all for sale. Other addresses are 4223 E Washington ST (Listing ID: 22114066) and 4225 E Washington St (Listing ID: 22114269) Current Construction Phase...all mechanicals are complete waiting on inspection.
Active
$635,000
4221 E Washington St, Indianapolis, IN 46201
2beds
2baths
--sqft
Multi Family, Quadruplex
Built in 2026
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Granite countertopsHardwood oak staircase
- 73 days
- 59
- 4
Zillow last checked:
Listing updated:
Listed by:
Shane Burns shane@victoryrealtyteam.com,
Victory Realty Team
Source: MIBOR as distributed by MLS GRID,MLS#: 22114049
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
Heating
- Electric, Forced Air, Heat Pump
Cooling
- Central Air, Heat Pump
Appliances
- Laundry: Upper Level
Features
- Has basement: No
Property
Parking
- Parking features: Alley Access, Assigned
- Details: Unit Parking(Other)
Features
- Levels: Two
- Stories: 2
- Exterior features: Lighting
Lot
- Size: 6,098 Square Feet
- Features: City Lot, Curbs, Not In Subdivision, Sidewalks, Storm Sewer, Street Lights
Details
- Parcel number: 491004124011000101
- Zoning: D8
- Special conditions: Broker Owned
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Contemporary
- Property subtype: Multi Family, Quadruplex
Materials
- Vinyl Siding
- Foundation: Block
- Roof: Asphalt
Condition
- New Construction
- New construction: Yes
- Year built: 2026
Details
- Builder name: Burns Realty Holding
Community & HOA
Community
- Subdivision: Haywoods Boulevard
Location
- Region: Indianapolis
Financial & listing details
- Tax assessed value: $11,100
- Annual tax amount: $264
- Date on market: 7/14/2026
- Cumulative days on market: 12 days
- Tenant pays: All Utilities
- Road surface type: Asphalt
Estimated market value
Not available
Estimated sales range
Not available
$1,510/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/14/2026 | Listed for sale | $635,000+388.5% |
Source: | ||
| 1/29/2026 | Sold | $130,000+100% |
Source: | ||
| 1/15/2026 | Pending sale | $64,999 |
Source: | ||
| 9/8/2025 | Listed for sale | $64,999+8.3% |
Source: | ||
| 10/6/2021 | Listing removed | -- |
Source: | ||
| 8/3/2021 | Price change | $60,000-31.4% |
Source: | ||
| 6/7/2021 | Price change | $87,500-75% |
Source: | ||
| 5/25/2021 | Listed for sale | $350,000+39900% |
Source: | ||
| 1/30/2014 | Sold | $875 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $263 -14.5% | $11,100 |
| 2024 | $308 -0.2% | $11,100 |
| 2023 | $309 -6.3% | $11,100 |
| 2022 | $329 +147.1% | $11,100 |
| 2021 | $133 -1.8% | $11,100 +146.7% |
| 2020 | $136 -3% | $4,500 |
| 2019 | $140 -38.3% | $4,500 |
| 2018 | $227 +48.3% | $4,500 |
| 2017 | $153 +54.4% | $4,500 |
| 2016 | $99 +1.9% | $4,500 |
| 2014 | $97 -3.6% | $4,500 |
| 2013 | $101 | $4,500 |
| 2012 | $101 | $4,500 -51.1% |
| 2011 | -- | $9,200 |
| 2010 | $191 -2.4% | $9,200 |
| 2009 | $196 | $9,200 |
| 2007 | -- | $9,200 |
Find assessor info on the county website
Monthly payment
Est. payment



