REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Lindsey Winkhart • RE/MAX Advanced Realty
$ 625,000
Est. payment /mo
New
2438 Guilford AVE Indianapolis, IN 46205
4,786 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi-Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 4,786 sqft
Price per Sqft $130
MLS Listing ID 22078401
Year Built 1915
Tax Year 2024
Lot Size 5,662 Sqft
Acres 0.13
Property Sub-Type Multi-Family 5+
Property Description
Welcome to 2438 Guilford Ave, a stabilized 8-unit multifamily investment opportunity in the heart of Indianapolis' rapidly improving Reagan Park neighborhood, where new development & reinvestment continue to drive long-term value. This solid asset features a desirable unit mix of 4 1-bedroom/1-bath apartments renting at $800/month and 4 efficiency units renting at $550/month, all with tenants in place, generating a strong $5,400 in monthly gross income from day one ($64,800/yr). Several improvements have already been completed, reducing future maintenance and capital expense exposure. Updates include new electrical and plumbing, Hardie siding, roof (2 yrs old), and 2 new furnaces, offering investors peace of mind and improved operating efficiency. Located near downtown amenities, employment centers, and ongoing neighborhood revitalization, such as the new development of the Arnold Place, this property is well-positioned for continued tenant demand and potential rent growth. Whether you're looking to expand your portfolio or secure a stable, income-producing asset in a growing area, this delivers immediate cash flow with long-term upside.
Location
State IN
County Marion
Zoning D8
Rooms
Basement Unfinished
Interior
Heating Electric, Forced Air
Cooling None, Wall Unit(s)
Fireplace N
Exterior
Exterior Feature Balcony
Utilities Available Sep Electric Meter
Roof Type Shingle
Building
Story Two
Architectural Style Traditional
New Construction false
Schools
School District Indianapolis Public Schools
© 2026 All listing information is courtesy of MIBOR Broker Listing Cooperative(R) as distributed by MLS Grid. All rights reserved.