About This Home

This 4-bedroom, 4-bathroom multi-family at 933 N Ewing Street in Indianapolis, IN is listed for $280,000. Built in 1920, on a 0.10 acres lot.

Key Features

  • Built in 1920
  • 0.10 acre lot

Property Details

1 story
4 full
1920

Amenities

A/C
Listing Description

Fantastic opportunity for investors to own a revenue-generating four-plex just minutes from downtown Indianapolis. Each unit offers 1 bedroom and 1 bathroom, with two of the four units currently leased through 2027, providing built-in stability and dependable income.

The additional two units are currently vacant and ready for occupancy, offering immediate upside potential for increased cash flow. Many updates have been completed in all four units in the past two years, including new flooring, appliances, and fresh paint throughout.

The vacant units are both move-in ready for a new tenant. Current monthly rental income totals $2310 for the two occupied units. Once all units are leased, total income has the potential to rise significantly, further enhancing the property's strong performance.

The property's convenient location provides quick access to downtown Indianapolis, employment centers, shopping, dining, and entertainment. With stable long-term leases in place and room to increase income, this property is an excellent addition to any investor's portfolio. Tenants Rights Apply. As-Is.

Monthly Cost Estimate

$1,497/mo

20% down · 6.5% · 30 years

Principal$202
Interest$1,213
Insurance$82

Estimates only. Actual payments may vary.

Location

933 N Ewing Street

Indianapolis, IN 46201

Lukenbills

Property Details

Construction

Vinyl With Brick

Parking

Alley

Heating

Electric (Heating)

Cooling

Window Unit(s)

Questions & Answers

This 4-bedroom, 4-bathroom multi-family at 933 N Ewing Street is listed at $280,000. The estimated monthly payment is $1,498 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1920, 0.10 acre lot.

This property is listed by Luci Chalian.

LC

Luci Chalian

Agent at CENTURY 21 Scheetz

Listed by CENTURY 21 Scheetz · Broker phone: (317) 844-5111 · View on Broker Site · Broker website

MLS# 22132400· Source: Broker Listing Cooperative®· 4 days on PropertySimple

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.

933 N Ewing Street, Indianapolis, IN 46201

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