1808 E Washington Street Indianapolis, IN $ 225,000
1808 E Washington Street
$ 225,000
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1808 E Washington Street

Indianapolis, IN, 46201
$ 225,000
Bedrooms-- Baths0.0

Monthly Estimate*

$ 1,554

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Multi-Family Home for sale in Indianapolis, IN

for $225,000. This home was built in 1890 on a lot size of 0.08.

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.

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Multi-Family Pending

Price

$ 225,000

Property Type

Multi-Family

Taxes

$ 3,640

Style

Colonial

Lot Size

0.08

Year Built

1890

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

22091469

Features
General
Heating Forced Air Natural Gas
Cooling Central Air
Possession Closing
Roof Shingle
Architectural Style Colonial
Security Features Smoke Detector(s)
Construction Materials Wood Siding Brick
Year Built 1890
Tenant Pays Insurance Rent Only
Township Center
Levels Two
Property Subtype Duplex
Tax Year 2024
Current Use Residential
County Marion
Net Operating Income 21950
Operating Expense 0
Insurance Expense 1200
New Construction N
Property Type Residential Income
Subdivision Name Willard Place
Status Pending
Directions GPS Friendly
City Indianapolis
High School District Indianapolis Public Schools
Number Of Units Total 2
MLS Area 4910 - Marion - Center
Lot Size Square Feet 3659
Property Condition Fixer
Structure Type Duplex
Standard Status Pending
Tax Lot 76
Legal Description Willard Place Add Pt L76 Beg Se Cor P.O.B. N107' W33.33' S107' Ne33.33' To Beg
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Interior
Basement Unfinished
Basement (Y/N) Y
Laundry Features Other
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Exterior
Exterior Amenities Lighting
Fencing Partial
Parking Features On Street
Lot Features City Lot Storm Sewer Street Lights
Lot Size Acres 0.08
Road Surface Type Concrete
Waterfront Y/N N
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* Excluded Features
List By
Exp Realty, Llc

Broker

JIM@THEGILDAYGROUP.COM

Email

Affordability Calculator

$1,857
Per Month
84%
16%
0%
Monthly Principal & Interest
$1,554
Monthly Property Taxes
$303
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4044905 Elementary School
4044909 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/14/2026$225,000 -10.00% Price Down
4/20/2026$250,000 Listed Price

Map


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1808 E Washington Street, Indianapolis, IN, 46201 is a Multi-Family Home for sale at $225,000 with a lot size of 0.08. 1808 E Washington Street has 0.0 baths and was built in 1890. The property's zip code is 46201 which is in Indianapolis, IN