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About This Home

This 0-bedroom, 0-bathroom multi-family at 1808 E Washington Street in Indianapolis, IN is listed for $250,000. Built in 1890, on a 0.08 acres lot.

Agent Description

Welcome to this Victorian colonial style residential duplex located in Indianapolis Indiana. Ideally located near downtown and along established bus routes, this well-positioned duplex offers a unique opportunity for both residential rental income and potential commercial use.

Zoned C3 Neighborhood Commercial District, the property sits along high-traffic Washington Street, providing excellent visibility and exposure to a steady flow of daily commuters. One unit is currently tenant-occupied, generating immediate rental income, while the second unit offers flexibility for owner-occupancy or additional leasing.

This configuration makes the property attractive to both seasoned investors seeking to expand their portfolio and first-time investors interested in offsetting living expenses with rental income. The property is currently livable and income-producing, though it would benefit from updates and improvements-presenting a strong value-add opportunity for the right buyer. This duplex combines immediate cash flow with long-term potential in a highly visible and accessible location.

Key Features

  • Built in 1890
  • 0.08 acre lot

Property Details

1890

Amenities

Basement

Monthly Cost Estimate

$1,337/mo

20% down · 6.5% · 30 years

Principal$181
Interest$1,083
Insurance$73

Estimates only. Actual payments may vary.

Location

1808 E Washington Street

Indianapolis, IN 46201

Willard Place

Features & Amenities

Exterior Features

FencingLighting

Property Details

Construction

BrickWood Siding

Parking

On Street

Heating

Forced AirNatural Gas

Cooling

Central Air

Questions & Answers

This 0-bedroom, 0-bathroom multi-family at 1808 E Washington Street is listed at $250,000. The estimated monthly payment is $1,083 based on 20% down at 6.5% interest.

Key features include: Built in 1890, 0.08 acre lot. Exterior Features: Fencing, Lighting.

This property is listed by James Gilday and can be reached at 3177975062 or JIM@THEGILDAYGROUP.COM.

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JG

James Gilday

Agent at eXp Realty, LLC

(317) 797-5062

Listed by eXp Realty, LLC · View on Broker Site

MLS# 22091469· Source: listhub· Updated 2 days ago

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1808 E Washington Street, Indianapolis, IN 46201

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